Publish Date - August 13, 2019
Author: Staci Bailey
Categories:   Tips & Insights For Car Buying    Auto Loans & Financing    Loan Calculators & Rates    Types of Car Loans    Vehicle & Buying Research    The myAutoloan Difference
A Better Way to Finance a Car Loan
When consumers like you are looking to get an automobile loan or automobile financing, they will often rely on a car dealership to get it. Things have changed and you need to be aware of some of the positive changes that have taken place to improve your chances to get a great car loan. At car dealerships, consumers will be able to conveniently get a car loan but generally at a higher overall financing cost. They will usually have to pay a higher interest rate (APR%) as the dealership is a middleman to the finance company. They make money and you pay more for the convenience of doing it all at the dealership.
However, with direct auto loan lenders, consumers like you can avoid this situation and save a considerable amount of money. Apply at your home using a lending website like myAutoloan.com and obtain up to four real loan offers that you can choose from. All you will need to do is fill out a simple application and it’s possible to get up to four auto loan options to choose from. Choice is a good thing you know! By taking advantage of this direct to consumer method, consumers will be able to make the process of getting auto financing much easier and with less overall cost.
FAST APPLICATION PROCESS
One of the reasons to use a direct lender when seeking an automobile loan or a refinance automobile loan is because it offers a fast application process and choice. Consumers will not have to spend up to three hours filling out an application and waiting for someone to make an offer by the salesman’s manager – it’s part of the “wear them down” strategy that puts you into a waiting situation. By working with an online lending platform website, it will enable you to save a considerable amount of money. Anyone who is looking to get an auto loan from a direct lender will have the opportunity to get the funding they need within minutes and then use those funds to make the purchase as a cash buyer. As a result, one of the best reasons to use a direct lender is by taking advantage of an application process that is faster than dealerships. Getting multiple loan offers gives you choice on rates and terms that fit your needs.
DIRECT AUTO LOAN – IT’S EASY TO DO
A key reason why using direct lenders is very beneficial is due to the simplicity of the application and process. When you go to a dealership, you may need to fill out a number of forms for the loan. As a result, this can take up a lot of time. It may also consist of questions that may be difficult or time consuming to answer. However, a direct auto lender will allow you to just fill out a very short form and then submit it online.
If you would like to get a better understanding of the process check out one of the guides for getting the best loan offers for you – Choice is what happens as you may get to choose from more than one offer. Another tool that can help you see what payments and different terms can do for you is a rate estimator and loan offer payment estimator. As a result, you will not have to worry about filling out lengthy complex forms in order to get a decision on your auto financing options. With simplicity offered by a direct lending platform, consumers will be in position to get auto financing more easily and have a choice in the selection of the best loan.
VARIETY OF OPTIONS
When looking to get an auto loan, having a variety of options will allow you to get the type of financing you need. Going to a dealership limits you to the lender they want – they pick the lender, not you. As a result, you will usually have to accept the offer or go to another dealership. However, direct lenders can offer you a list of numerous loan options to choose from. This allows you to get a better idea of what you qualify for and what options are available in terms of getting a new or used car loan. Using these options can allow you to review which loan package will allow you to get the car you want. Consumers will have a choice of interest rates, loan amounts and loan terms. With a number of different options, you will be able to get an auto loan that will be the best match for your car financing needs.
Getting an auto loan can be a stressful process. While you can go to a dealership, their process can be both time consuming and restrictive. However, you can avoid this situation by using a direct auto lending platform that will give you the option to choose one from up to four offers. This type of lending website like myAutoloan.com will allow you take advantage of a number of options in terms of loan amounts, terms and interest rates. The website will also provide you with an application process that is fast, easy and free. Therefore, if you are in the market for an auto loan, then using a direct auto lender is one option that you can take advantage of and save some money. The direct auto lender will provide you with what you need to get your car financed on favorable terms that you choose – It’s just that easy.