TopConsumerReviews.com
      August 27, 2016
Home About Us Terms Privacy Policy Contact Us Disclosure

Home  >  Auto Loans

Your Information Is Secure
Worry Free Car Care Manual Newsletter

Latest Reviews

Baby Stores

Bridesmaid Dresses

Business Loans

Chinese Lessons

Genealogy Services

Homework Help

Light Fixtures

Swimsuits

 

Related Articles

Are Auto Loans Through A Car Dealer A Good Idea?

Auto Loans Versus Auto Leases

How Much Car Can You Afford?

How Your Auto Loan Can Be Affected By Your Credit Rating

What To Look For When Shopping For An Auto Loan

 

 

 

 

 

Get Your Next Checks with Carousel Checks Today!

 

 

 

 

Get Your Next Set of Luggage at Luggage Pros!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

Auto Loans
Better Business Bureau Reliability Seal Share TopConsumerReviews.com
on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Finding an auto loan is no longer limited to what your current bank will offer or what the dealer brings to the table. You can take control of your next auto loan terms by shopping online for the best deal available. Several auto loan companies post the most competitive auto loan rates online to attract your business.

Get Your Auto Loan With CARCHEX Today! In today's economy, may people have less than perfect credit. Many companies offer car loans to those who have suffered bankruptcy, late payments or a low credit score. By researching and finding the best auto loan, you'll potentially save hundreds to thousands of dollars each year in payments and interest over other auto loans.

However, not all auto loan companies are the same. There can be wide differences in the features and auto loan terms that they offer.

Before you apply for your next auto loan, consider the following important factors:

  • Application Process. What is the process of applying for the auto loan?
  • Best Auto Loans
  • History. Does the auto loan company have a history of pleasing the customer and using quality business practices? How do they rank at the Better Business Bureau?
  • Focus. What type of auto loans do they offer? Are their auto loans geared for all levels of credit?

TopConsumerReviews.com has reviewed and ranked the best Auto Loans available today. We hope these reviews help you find the most affordable loan available for you!

2016

Auto Loans Reviews

5 stars
CARCHEX

CARCHEXTopConsumerReviews.com Best-In-Class Blue Ribbon Award

CARCHEX provides excellent options for borrowers looking to finance or refinance their auto loan. In addition to auto financing and refinancing, CARCHEX also offers vehicle inspection services, auto warranties, car buying tips, and more. Their website is easy to use and they've earned a strong BBB rating for their services. They earn our highest rating.
Read More... Visit
Site

4.5 stars
Lending Tree

LENDING TREE

Lending Tree is one of the nation's largest providers of new and used car loans. For those wanting the most competitive loan rate terms, Lending Tree is a great place to look. This company maintains relationships with the top banks and lenders in the U.S. and expedites the process of quickly and efficiently providing up to 5 competing loan options with only one application. Customers will find fixed rate loan terms from 12 to 84 months for loans from $7,500 to $300,000. Read More... Visit
Site

4.5 stars
Lending Club

LENDING CLUB

Lending Club provides personal loans that can be used for auto loans in the amount of $1,000 to $40,000. They also may offer more affordable lending rates than a traditional auto loan. Lending Club is a leader in facilitating personal loans between borrowers and individual lenders.
Read More... Visit
Site

4 stars
Avant

AVANT

Avant is a relative newcomer to the personal lending business, but they can provide auto loans to borrowers with both excellent and less-than-perfect credit. They don't charge any fees for car loan applications or loan prepayments. For those people who'd like to get their money in as little as 24 hours, Avant is a good choice worth considering.
Read More... Visit
Site

4 stars
Road Loans

ROAD LOANS

Road Loans has built a top-notch website that streamlines the car loan process. They've been in business over 10 years and support flexible financing for a full range of credit scores. If you're in the market for a car loan, Road Loans is an option you should consider. Read More... Visit
Site

3.5 stars
Automotive

AUTOMOTIVE

The Automotive website is well organized, educational and informative for anyone in the market for a new car. During your search for also apply for a loan online - to be matched with a number of available lenders.
Read More... Visit
Site

3.5 stars
Auto Credit Express

AUTO CREDIT EXPRESS

Auto Credit Express specializes in bad credit car financing. The easy application process and available tools make Auto Credit Express the go-to website for those with damaged credit. Read More... Visit
Site

3 stars
Springleaf Financial

SPRINGLEAF FINANCIAL

Springleaf Financial has a long history of providing personal loans to individuals. They've earned a strong BBB rating, but the website lacks details we think should be there. We also found some reports of high interest rates and fees. Read More... Visit
Site

2.5 stars
USAA

USAA

USAA provides auto loans to military personnel and their families. Issues with the website layout and customer complaints at the BBB brought some concern.
Read More... Visit
Site

1.5 stars
Web 2 Carz

WEB 2 CARZ

Web2Carz is a busy and unappealing website. Many of the car loan navigation buttons were not functioning during our review. We recommend you use a higher ranked auto loan company for your needs. Read More... Visit
Site

What You Should Know Before Getting An Auto Loan

Buying a new vehicle can either be an exciting experience, or one that stresses you to the max. For some people, it can even be a combination of the two. Sometimes people get caught up in the excitement of buying another vehicle, and find themselves being talked into more than they can reasonably afford. And once the deal is done, it’s hard to undo it.

Rushing into buying a new or used vehicle is never a good idea. Unlike other investments, such as real estate, vehicles are a very poor investment. They begin to depreciate in value the minute they are driven off the dealer’s lot, and continue to lose value for every year of ownership. However, for most people, vehicles are a necessity in order to get to work and other places they need to go. If you are lucky enough to live in an area with stellar public transportation, a vehicle is something you likely can do without. But for anyone living outside the reach of decent public modes of transport, a vehicle is a necessary evil.

Before buying any vehicle, whether new or used, shoppers should consider a few things.

First and foremost is to determine affordability. How much vehicle can you reasonably afford to own without going broke in the process? As a general rule, buyers should not spend more than 20 percent of their monthly income after taxes on a vehicle. If you are spending more than that, you risk overextending yourself financially and running the risk of ruining your credit report.

To estimate how much of a monthly payment you can afford, be sure to look at more than the purchase price of the vehicle. You must also factor in the interest rate, maintenance fees and insurance for the vehicle. All of these things should be considered under the 20-percent umbrella rule.

Consumers also should do some hefty research on the best way to secure financing if they are unable to cover the full cost of the vehicle’s purchase price in cash. One of the best places to look for an auto loan is through online auto loan companies. Some of these businesses have access to a large number of loan companies and can automatically compare their auto loan rates, delivering only the best ones to you.

Some websites also provide a valuable tool when researching loans and interest rates. Consumers are able to use prediction software to plug in their local zip code and generate a list of the going interest rates in their area. Some online calculators also will take all of the factors involved in owning a vehicle – purchase price, insurance, maintenance and financing – and generate a monthly cost for you. It’s always good to make use of these kinds of resources to be certain you’re not overextending yourself financially.

Another place to look for an auto loan is with your own financial institution. Having a solid financial history with a bank can help to secure a good deal. With longstanding customers, a bank may be able to negotiate a fair interest rate for you, and certainly better than what you could find through the car dealer.

Securing a loan through the auto dealer is usually not the best idea. It usually is the most expensive option when it comes to financing. While auto dealers may have a variety of financial institutions to tap in order to get a variety of interest rates and offers, they also are permitted to add up to a 3-percent fee on to the total in order to compensate themselves for securing the loan. So as a general rule, auto dealers should be the last place you look for a loan.

 

 

 

Pre Approved Auto Loans Allows Car Buyers To Get The Best Deal at Lowest APR

Getting pre approved car finance allows potential car buyers to take care of the required dollars before they even visit the car dealerships. The car buyers can explore the online resources of car finance to see what amounts they can safely qualify for.

Published:  Thu, 25 Aug 2016 05:50:00 GMT



Auto loan delinquencies jumped in July

The percentage of carbuyers falling behind on their auto loans has been trending upward most of the year, but the percentage of subprime borrowers at least 60 days delinquent rose to 4.59% in July a 17% increase from July 2015, Fitch Ratings reported Thursday.

Published:  Thu, 25 Aug 2016 16:01:00 GMT



John Oliver takes on subprime auto loans with Keegan-Michael Key

John Oliver thinks you may want to pump the brakes before considering a subprime auto loan. Oliver got some help from Keegan-Michael on Sunday's episode of HBO's "Last Week Tonight,"¯ to drill home his point about the dangers of high risk subprime ...

Published:  Mon, 15 Aug 2016 09:44:00 GMT



Auto Loans Aren't A Repeat Of The 2008 Financial Crisis

John Oliver had a provocative piece on last night's show about US auto loans, referring to this as the next 2008 subprime crisis. Specifically, he compares it to the "medium short" as opposed to the "big short", because the auto loan market is small ...

Published:  Tue, 16 Aug 2016 02:06:00 GMT



How Subprime Auto Loans Are Changing Car Buying For The Worst

Bottom line: Live within your means and stay away from used car salesmen. In the 1950s, the American dream consisted of owning a home with a white picket fence, having a college degree framed on the wall, and seeing a sleek new car in the driveway.

Published:  Mon, 22 Aug 2016 20:22:00 GMT



Best Bad Credit Auto Loans

If your credit score is a little bit on the low side; it doesn't mean you can't get a loan for a new vehicle. That's because the loan is usually secured on the vehicle so the lender isn't taking as big a risk as they might be on an unsecured loan.

Published:  Tue, 16 Aug 2016 01:00:00 GMT



Subprime auto loans are not the second coming of the U.S. mortgage crisis

This past week on his show Last Week Tonight, the comedian John Oliver highlighted the rise of subprime automobile lending in the United States over the past couple of years. The lending practices that Oliver's segment highlights-many of them deceptive ...

Published:  Thu, 18 Aug 2016 01:00:00 GMT



 

 

 

Get Your Auto Loan with CARCHEX Today!

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us