Best Reviews TopConsumerReviews.com Best Auto Loans Best Reviews
Best Reviews
      June 25, 2019

Home  >  Auto Loans  >  iLoan vs Web 2 Carz

Best

Auto Loans

  1. LendingTree
  2. LendingClub
  3. My Auto Loan
  4. Cars Direct
  5. Road Loans
  6. Automotive
  7. Auto Credit Express
  8. OneMain Financial
  9. iLoan
  10. USAA
  11. Instant Car Loan
  12. Web 2 Carz

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Worry Free Car Care Manual Newsletter

Latest Reviews

Cruise Vacations

Dental insurance

Government Grants

Learn to Read Programs

Menopause Relief

Online Fitness

Paid Surveys

Personal Trainers

Pet Meds

Wedding Planning Guides

 

Individual Reviews

CARCHEX

LendingTree

LendingClub

My Auto Loan

Cars Direct

Road Loans

Automotive

Auto Credit Express

OneMain Financial

iLoan

USAA

Instant Car Loan

Web 2 Carz

 

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

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

iLoan vs Web 2 Carz

Best Auto Loans

To help you find the Best Auto Loans, TopConsumerReviews.com provides you with an in-depth comparison of iLoan and Web 2 Carz.

To see ALL of our reviews for the Best Auto Loans, please Click Here

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.

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.

Continue reading below reviews

Best Reviews

2019

Auto Loans Reviews

2.5 stars
iLoan

ILOAN Visit Site

BBB Rating:

A+

iLoan aims to make the borrowing process simple and transparent. They do not have any loans that are specifically for buying a car; rather, applicants take out a personal loan that can be used for whatever they need. These loans do have a maximum amount of $25,000, so keep that in mind if you're looking for financing for a vehicle that costs more.

All loans funded by iLoan are backed by their parent company, OneMain. OneMain has an excellent reputation spanning more than 100 years and is an accredited, A+-rated business with the BBB.

iLoan is true to its commitment of making the borrowing process easy and open. To start, you'll need to select the purpose of your loan (most likely "other", since "auto loan" isn't one of the options in the dropdown box) and the desired amount. From there, you'll be asked to provide your personal information: name, proof of residence, income, and identity, and bank account details. iLoan also has a free service called Instant Verification: if you grant them secured access to your bank account, they can verify your income that way instead of asking for pay stubs or W2s. This may speed up the processing of your auto loan application, though most iLoan borrowers report that their applications are processed in an hour or less, with funding being completed on the next business day.

Independent customer reviews do confirm that iLoan processes loans quickly, and many people seem grateful to have found a lender that will give them the money they need. They also have many compliments for iLoan's customer service representatives: "patient", "knowledgeable", and "helpful" are the most-used words to describe them.

On the other hand, interest rates at iLoan tend to be much higher than other lenders'. We do appreciate that the company is very upfront with their rates, which range from 11.24% to 36.00%. Your auto loan offer, including the interest rate and other terms, will depend on your particular borrower profile, such as your credit history and monthly income.

iLoan also comes up short when it comes to their service area: at the time of our review, they were only operating in 12 states (Alabama, California, Delaware, Idaho, Illinois, Missouri, Nevada, New Mexico, Oregon, South Carolina, Utah, and Wisconsin). Unless you live in one of those states, iLoan won't be able to provide you with an auto loan.

While we appreciate iLoan's reputation (through OneMain), it's not quite enough to make up for high interest rates and a service area that only covers a fourth of the United States. For customers needing an auto loan, chances are good that they'll find better rates with one of the higher-ranked lenders in our review.

Visit Site

1.5 stars
Web 2 Carz

WEB 2 CARZ Visit Site

BBB Rating:

A

Web2Carz is an Illinois based company, in business since 2006, that provides a frantic website. This online magazine of sorts covers various topics such as cars, people, food, travel and more. A subset of Web2Carz is a database to find new or used cars as well as car loans. The website attempts to awkwardly satisfy a certain population segment with all of their needs - we felt the auto loan process was confusing and frustrating.

Despite being in business for several years we found a number of website glitches at Web2Carz that made our auto loan shopping experience inefficient. Buttons that were supposed to allow for selection were locked and we were stuck with no where to go.

The application process is said to match your auto loans with a number of lenders but gives off a sort of hokey appearance. To start the application process you may input your zip code, select new, used or refinance loan, and your credit rating. Web2Carz says it works with all levels of credit and has a 99% acceptance rating. After updating your personal information you submit the request. If a lender is found they will contact you to directly but no time frame is provided.

Web2Carz is an unappealing website with broken navigation and an unfriendly car loan shopping experience. We would prefer to review loan offers online and not wait for a lender to contact us to hear what the best rate and terms are. We recommend you use a higher ranked auto loan company for your needs.

Visit Site

Continued from above

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?
  • 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!

Car buyers' best cost-saving move: shop for a loan first

With the cost to own a new vehicle rising, it's more important than ever to consider what you'll pay for a car loan and to shop for the best interest rate. The average new car loan interest rate ...

Published:  Mon, 24 Jun 2019 17:31:00 GMT



Petros PACE Finance Provides $900,000 C-PACE Financing for Car Wash in Omaha

AUSTIN, Texas, June 24, 2019 /PRNewswire/ -- Petros PACE Finance, LLC (www.petros-pace.com ) has closed a $900,000 Commercial Property Assessed Clean Energy (C-PACE) transaction with City ...

Published:  Mon, 24 Jun 2019 08:58:00 GMT



Mike Huckabee on Bernie Sanders' plan to cancel student loan debt: Why not wipe out home and car loans too?

Democratic presidential candidate Sen. Bernie Sanders announces proposal to eliminate student loan debt; reaction from Fox News contributor Mike Huckabee, former Republican governor of Arkansas. ...

Published:  Sun, 23 Jun 2019 21:04:00 GMT



EDITORIAL: Ask every candidate for president, "What's your plan to end the student loan crisis?'

Young adults are putting off marriage, buying a car, going to grad school ... because they have to make that big monthly loan payment. Many are living lives on the edge of financial despair. ...

Published:  Mon, 24 Jun 2019 15:15:00 GMT



Tariffs Likely to Cut Into Auto Loans

Tariffs imposed and threatened by President Trump are likely to cost credit unions about 7.5% of the new car loans they had expected to originate this year and next, a CUNA economist said. In the CUNA ...

Published:  Fri, 21 Jun 2019 06:20:00 GMT



From Auto Loans To Aircraft Leases, ABS Market Ripe With Opportunity

Since being introduced to the marketplace in the mid-1980s, asset-backed securities (ABS) have grown and evolved into new types of securitization in the form of auto loans, cell phone payments, ...

Published:  Thu, 20 Jun 2019 16:30:00 GMT



Stowe resident accused of multi-million dollar auto loan fraud

ST. ALBANS - A man who was living in Vermont as a car salesman, evading a Michigan arrest warrant on 21 charges related to auto loan fraud, was taken into custody late on Tuesday after returning ...

Published:  Wed, 19 Jun 2019 17:58:00 GMT



Financing deals rev up Houston car sales in May

New vehicle sales in the Houston area rebounded last month, driven by an uptick in zero-percent financing deals. Local dealers sold 25,381 new vehicles in May, up 7 percent from the prior year, ...

Published:  Fri, 21 Jun 2019 08:54:00 GMT



Shift Boosts Customer Financing & Insurance Options; Adds TD Auto Finance, U.S. Bank

SAN FRANCISCO, June 18, 2019 /PRNewswire/ -- Shift Technologies ("Shift "), an e-commerce platform on a mission to make car-buying convenient, fair, and accessible, today announced the addition of ...

Published:  Wed, 19 Jun 2019 05:03:00 GMT



Toyota Auto Loan Extended Note Trust 2019-1 -- Moody's assigns a definitive rating to Toyota Auto Loan Extended Note Trust 2019-1 Notes

READ NOW: Slack's direct listing casts a little-known part of Wall Street that relies on humans into the spotlight. Here's how it'll work. ยป Your Personalized Market Center ...

Published:  Wed, 19 Jun 2019 10:42:00 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