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Publish Date - May 13, 2021

Author: Dale Peterson

Categories:   Tips & Insights For Car Buying    Auto Loans & Financing    Loan Calculators & Rates    The myAutoloan Difference   

Car Financing – Online, Direct to Consumer

Well folks, the economy is starting to open up and there is a backlog of people who are ready to take that next step in their lives to find a new automobile. As always, some may find themselves in difficult situations at the moment. Maybe you feel that you are ready to own some property and a car, but when you look at your finances and how much you expect your finances to grow, it becomes clear that you are much further away from owning the assets you were hoping to attain.

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Well folks, the economy is starting to open up and there is a backlog of people who are ready to take that next step in their lives to find a new automobile. As always, some may find themselves in difficult situations at the moment. Maybe you feel that you are ready to own some property and a car, but when you look at your finances and how much you expect your finances to grow, it becomes clear that you are much further away from owning the assets you were hoping to attain.

It looks like GDP growth is going to come in even higher than expected for 2021 and that is good news for car buyers: 6.6% this year, the best annual expansion since 1984. The year got off to a strong start, thanks to a jump in retail spending, and consumers show little sign of slowing down. Auto sales are strong and dealers are willing to negotiate to make up for last year.

Lenders are anxious to pick up their game and the fed continues to keep interest rates low – guess who benefits from that! You do! You shouldn’t look at what you could have done differently. As a matter of fact, when it comes to car finance, you need to look at what you can do differently NOW and in the future when you want to finance a new or used car loan.

The truth about car finance is that there are many misconceptions about it and in these digital times that we live in, how do you use that knowledge to get a good rate and payment on a new car. The first and most popular misconception has to do with the belief that all auto loans are going to cause you to give up some luxuries, work overtimes, and perhaps even take on another job. In our current economic rebound, that just is not true. Another common belief about car loans is that banks are the only sure bets to give you a loan. That includes banks that the dealer uses to finance you loan. Again, not true since you can go online, apply and get approved directly from up to four national lenders, regardless of what your credit score might be by using a website like myAutoloan.com.

There are plenty of great automobile loans available right now and whether you want to buy a car or refinance your existing car, you can do it with no added charges, or fees on the myAutoloan.com platform. If you are thinking that you better talk to a loan specialist at the bank, try using myAutoloan.com first. Applying is easy. Select your offer type, complete the quick, secure and confidential offer form. Receive decisions as lenders review your information. Sometimes you can get offers in minutes and other times, when a call may be necessary to clarify or verify info, it can take a bit longer. It’s still pretty fast and at most we might be talking about 24 hour turn around. One of the tools that will really help you is the interest rate estimator – based upon what you think your credit score might be, you can use your rate in seconds – no credit check and you get an idea before you apply what rates may be available.

From up to four offers that you could receive, select the offer that’s right for you, provide any additional offer form information, if asked by the lender, to receive a final decision. Lenders will provide you with their method of funding. Some transfer the total loan amount to your checking account while others provide you with a certificate that you are a qualified and approved buyer. There is never an obligation to use one of our Lenders offers. But you do get to choose which offer might work best for you. Having a choice in this process is a pretty good benefit.

Going to a bank is old hat these days. You can now handle your entire loan process and do it all from the comfort of your home, 24/7, and have a choice of which loan offer is best for you.

If you are ready to hear the secret to a successful car finance, you will be surprised to learn that the answer is at myAutoloan.com. As a matter of fact, it is the only place where you will be able to find the loans that are best for you. When we talk about the loans that are best for you, we are talking about loans that first of all do not have hidden fees and mark-ups – these are direct to consumer loans and you are in control. We are also talking about loans that will allow you to make reasonable monthly payments that you can fit into your monthly budget. It might be helpful to check out the payment calculator. Simple and easy to use.

If all of this sounds too good to be true, you need to take a new perspective of car financing. The fact is that the future of automobile loans is currently on the internet and a lending platform like myAutoloan.com will help you to find the best loan offer for your needs. Good luck and give it a try!