Happy holidays from all of us at myAutoloan. Whichever holiday you celebrate, or simply enjoy the time off with family and friends, we hope this season brings you some well-deserved rest.
We know you're busy right now. Holiday shopping, family gatherings, year-end work deadlines, travel plans-December is packed. The last thing on your mind is probably auto financing. And that's completely fine.
But when you do need us-whether your car breaks down next week, you're planning a purchase in January, or you've been thinking about refinancing that high-interest loan, we've built our service to make the process as simple as possible. Here's what we offer.
Get Pre-Approved for an Auto Loan
When you're ready to buy a car, getting pre-approved puts you in control. You'll know exactly how much you can borrow, what interest rate you qualify for, and what your monthly payment will be before you ever step into a dealership.
Our application takes about 20 minutes. Submit it once, and it goes to multiple lenders in our network. You'll receive up to four actual loan offers, not estimates, but real rates and terms you can use immediately. Compare them side by side and pick the best one, or don't pick any if none work for you.
The platform is available 24/7, so apply whenever it's convenient. No need to visit banks during business hours or fill out separate applications at different institutions. You can literally do this from your couch at midnight if that's when you have time.
Refinance Your Car Loan and Save Money
Already have a car loan but the payment is too high? Refinancing replaces your current loan with a new one, ideally at a better rate.
If your credit has improved since you originally financed, you could qualify for a significantly lower interest rate. Even dropping 2-3 percentage points can save you $50-150 per month depending on your balance. Some people refinance to lower their monthly payment by extending the term. Others want a better rate to pay off the loan faster.
Same process: one application, multiple offers from lenders who specialize in refinancing. Most refinances complete within 7-10 business days, and the new lender pays off your old loan directly.
Use Our Advanced Payment Calculator
Not ready to apply? Use our advanced payment calculator to run different scenarios.
Adjust the loan amount, interest rate, term length, and down payment to see how each variable affects your monthly payment. Want to know the difference between 60 and 72 months? What an extra $1,000 down saves you? The calculator shows you instantly.
It's free, requires no personal information, and helps you plan before you start shopping. Use it to figure out what price range fits your budget or whether refinancing makes financial sense.
Why Multiple Offers Matter
Here's something most people don't realize: interest rates on the same borrower can vary 2-4 percentage points between lenders. One bank offers 9% while a credit union offers 6.5%. Different lenders have different criteria and risk models.
That's why comparing auto loans saves money. Our network includes banks, credit unions, and online lenders-some specialize in excellent credit, others work with challenged credit, some focus on new cars, others on used or refinancing. We match your application to lenders most likely to approve you with competitive rates.
You see what multiple lenders actually offer, then choose. Simple as that.
Frequently Asked Questions
How long does it take to get approved for an auto loan through myAutoloan?
Most customers receive loan offers within 24-48 hours. Some lenders provide instant pre-qualification with final approval in 1-2 business days.
Can I refinance a car loan I just got?
Most lenders prefer you wait 6-12 months. This allows you to establish payment history and gives your credit score time to recover from the original inquiry.
What credit score do I need to get approved?
Our lender network works with scores starting around 580-600. Better credit means better rates, but approval is possible with challenged credit if you have stable income and a down payment.
Is myAutoloan really free to use?
Yes. We're compensated by lenders when you close a loan, but there's no cost to you. The rates you see are actual rates, we don't mark them up.
What's the difference between pre-qualification and pre-approval?
Pre-qualification is a soft estimate. Pre-approval involves a hard credit check and provides a firm offer. Through myAutoloan, you receive actual pre-approved offers you can take to dealerships.