Who is myAutoloan?
myAutoloan is the consumer’s one stop shop for car finance loans. A company called Horizon Digital Finance runs the myAutoloan website. This company is in business to match lenders with consumers looking for an auto loan. Therefore, it provides a plethora of information for consumers seeking assistance buying a vehicle. Consumers can apply for loans on new cars, used cars, or motorcycles. Additionally, they can ask for assistance with making a purchase from a private party.
Consumers with bad credit can apply for lease buyout loans or title loans. Title loans are short-term cash advances that do not require good credit to obtain. A consumer who owns an older vehicle can borrow title loan funds to put toward a down payment on a newer vehicle. He or she could also use the funds for household bills, vacations, or shopping sprees.
Anyone who has just recently purchased a vehicle can search for insurance through the website. The site offers access to the best insurance quotes. Visitors can find just about anything relating to a vehicle on this website. There are even tips on saving money and buying used cars.
How to Apply for a Loan
Applying for a loan on the website is very simple. First, the user must create a username and password for access. Next, he or she will complete an application by providing relevant information. The application will ask for personal information such as name, address, telephone number and employer name. The applicant will also have to enter an income amount.
To qualify for an auto loan, the applicant may have to provide a copy of his or her driver’s license and proof of insurance. He or she may also have to name several personal references and provide pay stub information.
After the Application
After the applicant completes the online form and submits the necessary information, he or she can log into the site and review four offers from lenders. The lender will state its loan terms such as the length, loan amount, and finance charge. The person does not have to accept the offer. The site will simply connect consumers with lenders. It is up to the consumer to choose the agreement that best fits his or her financial situation. No matter what situation a person is in, he or she can always find a car financing loan that works.