back to articles | April 10, 2023 | Dale Peterson

Categories: Auto Loans & Financing Types of Car Loans

Car Finance Loans

One of the biggest expenses that most families incur is the expense that comes with owning a car. Saving money for you and your family is pretty important these days.


One of the biggest expenses that most families incur is the expense that comes with owning a car. Saving money for you and your family is pretty important these days. Since purchasing a car can be very expensive, most consumers must use a car finance loan to make the purchase. While it does help to get a loan, some consumers pay much more than they should for the financing because they did not shop and get competitive quotes. Financing with the dealer does not save you money unless you get a zero-cost base to finance. If you are interested in saving as much money as possible on purchasing a new car, it is crucial to ensure you get the best car finance loan available.

Types of Auto Financing Can You Get?

In this situation, there are several different types of loans that you could get. The most basic type of loan is the auto loan which allows you to buy a new car. Another option that you may want to consider is an auto refinance loan. With an auto refinance loan, you can get more favorable loan terms so that you can pay off your existing loan and save money every month. Another way to get the transportation that you need is to look at used cars and consider a used auto finance loan. This loan makes it possible to get a more favorable interest rate and a lower monthly payment in many cases.

If you are currently leasing your vehicle, you may want to choose a lease buyout loan. This type of loan gives you the money you need to facilitate a buyout of your lease agreement. Then you'll be able to pay off the loan and own your vehicle.

In some cases, getting a person-to-person or private-party loan may be to your advantage. With this approach, you get a loan so that you can buy a car from a private party. also provides these types of loans as well.

Again, consider a used car to save money. If you're purchasing from a used car dealer, you can get a used car loan from With a used car loan, you will typically have to pay a bit higher interest than you pay for new car rates. However, you can get affordable rates, nevertheless. Using, you can get up to four competitive offers from national financial institutions that compete for your business. You apply and then deal directly with the lender. You have no fees or extra costs as your rates will almost always be lower than through the dealer. Using for any of the loans mentioned above will save you money.

Saving Money

When it comes to saving money on your auto loan, there are a few different strategies that you can use. One of the best ways to save money is to work with a direct lender, which is a national lender on the platform. Instead of going to a broker or a lender that does not originate their loans, work with a direct lender that is national and is highly respected. A direct lender has to qualify for acceptance on the platform and is the one who actually will lend you the money instead of getting it from somewhere else, like a car dealer. After lenders make you an offer, you will deal directly with them – no middlemen or hurdles that you have to jump. Dealerships are not the best place to get a used car loan. This makes it possible to cut out the middleman and save money on the interest rates and fees because you work directly with the lender after you apply and get up to four offers from direct lenders.

When shopping around for the best deal on your car finance loan, it is also essential to make sure that you watch out for unnecessary fees. What is even better? It is to work with a company that can quickly compare and provides you with up to 4 car financing options. is that lending platform that saves you money. Having a choice in the selection is one of the most empowering things a shopper can have. At, they work with many lenders at no cost to you. They deliver financing offers that are real, with comparable interest rates. All of which you can choose from to get your car financing.

It’s guaranteed that there are no fees or charges, and as an added benefit, has an A+ rating from the BBB and has been providing auto loan financing for 20 years. Come on, see for yourself - you'll be able to save hundreds of dollars on purchasing your car if you can choose which car loan is best for you from

Use these tools to help you get a handle on rates, monthly payments, and loan amounts. They are all FREE to use:

Interest Rate Chart

Interest Rate Estimator

Payment Calculator

If you keep these factors in mind, you should be able to keep more money in your own pocket.