Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Friday, December 3rd
My Auto Loan can help you get the financing you need for a new or used vehicle, to refinance your current car loan, to buy from a private seller or to buy out your lease. The company has a solid reputation and satisfied customers say that the service connected them with loans they could afford. We wish this loan referral platform offered greater transparency about the four lenders in their network: you won't know until you submit your information what you'll get as an interest rate or which company is offering you financing.
Auto Credit Express works to pair borrowers with their network of partner dealerships who specialize in auto loans for people with bad credit. In other words, you won't get a loan here, but you'll be matched with a local dealership that's willing to work something out. This company actually has an excellent history of making that happen, with thousands of car buyers giving Auto Credit Express high marks. And, because ACE doesn't fund your loan, they won't run your credit report before connecting you with a dealership. Particularly if your credit isn't fantastic, you should see what Auto Credit Express can do for you.
You're right if you suspect that the answer to that question is "not necessarily at the dealership". You might initially be lured in by a dealership's attractive 0% financing offers - but unless you've got extremely good credit, you're not going to qualify. And, in the excitement of getting your new (or new-to-you) car, you could wind up with interest rates on your car loan that are even higher than what you'd get elsewhere.
Savvy consumers know that the best way to get truly competitive rates on auto loans is by comparison shopping with online lenders. Even if you're just starting the research process, it only takes a few minutes to find out how much you're qualified to borrow and with what loan terms. With that information in hand, perhaps with a preapproval letter too, you'll be much more confident walking into the dealership and negotiating the best possible deal on the car itself.
Some providers of auto loans specialize in helping customers with less-than-perfect credit. These lenders can work with you to get a loan that you can afford, and they take into account your whole financial picture - not just your low credit score, previous late payments, or a bankruptcy in your past. Of course, if your credit history is excellent, shopping around for your auto loan online will likely turn up dozens of offers to choose from.
It's important to carefully consider several criteria when evaluating different online lenders. These factors include the following:
TopConsumerReviews.com has reviewed and ranked the best auto loan providers available today. We hope this information helps you get the right financing for your next vehicle purchase or refinance!
Select any 2 Auto Loan Companies to compare them head to head
Mediafeed on MSN.com
Should you refinance your auto loan or trade in your car for a new ...
Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or ...
Mon, 29 Nov 2021
What Percentage of Your Income Should Go Toward Auto Loan Payments?
Housing expenses such as mortgage payments or rent and insurance are usually the biggest monthly line item in most people's budgets. Not far behind are transportation costs, particularly if you own ...
Wed, 24 Nov 2021
Carsfast CEO Named as Top 100 Auto Finance Innovator in 2021 Auto ...
Automotive retail platform Carsfast announced today that CEO Shaun Sumaru has been named as a Top 100 Auto Finance Innovator in the 2021 Auto Finance Innovator Awards. Sponsored by Lightico and Auto ...
Wed, 01 Dec 2021