TopConsumerReviews.com
      December 5, 2016

Home  >  Auto Loans

Your Information Is Secure
Worry Free Car Care Manual Newsletter

Latest Reviews

Arabic Lessons

Car Title Loans

Christmas Ornaments

Hebrew Lessons

Hot Tubs

Japanese Lessons

Portuguese Lessons

Russian Lessons

Student Loans

Wireless Security Systems

 

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

 

 

 

 

 

Save Money On Your Mortgage Today with Quicken Loans!

 

 

 

 

Get Your Next Window Blinds at Blinds.com!

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

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:

    Best Auto Loans
  • Application Process. What is the process of applying for the auto loan?
  • 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 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

4.5 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 stars
My Auto Loan

MY AUTO LOAN

my Auto loan is a well-established service that connects you with offers from up to four lenders for your auto borrowing needs, from new and used car purchases to refinancing a current loan or even buying out the lease on your vehicle. Their lender's interest rates are very competitive, and using my Auto loan's service is completely free. As an accredited company with the Better Business Bureau for more than 10 years, my Auto loan is a solid choice for your next car loan. 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
OneMain Financial

ONEMAIN FINANCIAL

OneMain 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. However, issues with their website layout, along with customer complaints at the BBB, brought us 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

1 star
Auto Financing Loan

AUTO FINANCING LOAN

Auto Financing Loan is a referral service that matches car buyers with lenders. However, there isnít enough information to determine if their service is useful - or even legitimate - and from their toll-free number to their contact address, everything points to other places. We recommend that you look to one of our higher-ranked lenders for your auto loan 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, itís 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 dealerís 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 vehicleís 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 Ė purchase price, insurance, maintenance and financing Ė and generate a monthly cost for you. Itís always good to make use of these kinds of resources to be certain youíre 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.

 

Some 6 million Americans are delinquent with auto loans and it's going to get worse

The number of subprime auto loans sinking into delinquency hit their highest level since 2010 in the third quarter, with roughly 6 million individuals at least 90 days late on their payments. It's behavior much like that seen in the months heading into ...

Published:  Sat, 03 Dec 2016 04:36:00 GMT



Banking Insiders Issue Urgent Warning on Auto Loans

The broader auto loan market remains robust. The total delinquency rates rose by just 3.6% in the third quarter, kept low by loans issued by banks and credit unions. Subprime auto loan delinquencies, in contrast, have worsened significantly in the past ...

Published:  Sun, 04 Dec 2016 06:31:00 GMT



Auto Loans Get Even Dicier

After a yearslong boom in lending, signs of trouble are popping up in auto loans. In the past few weeks, some auto lenders have warned that default rates are creeping up. Used-car prices are also falling faster than many anticipated, leading to lower ...

Published:  Wed, 30 Nov 2016 23:26:00 GMT



There's finally a sign of trouble with auto loans

The US auto market has been booming, and 2016 is no exception. We could see carmakers match or beat last year's record of 17.5 million new cars and trucks sold. Booming sales means booming auto loans, and the steady uptrend, including in so-called ...

Published:  Tue, 29 Nov 2016 13:14:00 GMT



Subprime Auto Loans: Worsening Delinquencies are of "ėSignificant Concern'

Newly-issued auto loans have increased at a brisk pace over the past few years, with 2016 shaping up to be the strongest of any year recorded by the New York Federal Reserve since 1999. The New York Fed tracks U.S. household debt and consumer loan performance.

Published:  Wed, 30 Nov 2016 09:46:00 GMT



Tree.com Inc. (TREE) Given "Buy"Ě Rating at Needham & Company LLC

The Company's online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans ...

Published:  Sun, 04 Dec 2016 11:14:00 GMT



Subprime Auto Debt Grows Despite Rising Delinquencies

The rise in auto loans has been fueled by high levels of originations across the spectrum of creditworthiness, including subprime loans, which are disproportionately originated by auto finance companies. Disaggregating delinquency rates by credit score ...

Published:  Sat, 03 Dec 2016 04:50:00 GMT



Some 6 million Americans are delinquent with auto loans and it

The number of subprime auto loans sinking into delinquency hit their highest level since 2010 in the third quarter, with roughly 6 million individuals at least 90 days late on their car-loan payments. It's behavior much like that seen in the months ...

Published:  Wed, 30 Nov 2016 20:21:00 GMT



Stripe Sizzles, Auto Loans Fizzle

With the first full week back from Black Friday, into Cyber Monday and beyond, give thanks to the consumer, who has managed to stay buoyant and chipper, even, when it comes to opening the purse strings. The latest U.S. personal consumption data sizzled.

Published:  Fri, 02 Dec 2016 07:32:00 GMT



Share Us!    Share
TopConsumerReviews.com
on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure