back to articles | February 04, 2021 | Dale Peterson

Categories: Auto Loans & Financing Types of Car Loans The myAutoloan Difference

Looking for a Direct Car Loan Online?

A car loan could help you acquire your dream car even when you don't have enough resources to cover its cost. Getting financing could also come in handy when you want to start a business that requires you to use an automobile, but you do not have one.

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A car loan could help you acquire your dream car even when you don't have enough resources to cover its cost. Getting financing could also come in handy when you want to start a business that requires you to use an automobile, but you do not have one. All you have to do is visit myAutoloan.com to enjoy top competitive financing deals. Since you are looking to finance a car purchase, you won't have to worry about where your funds will come from because we present you with real loan choices from national lenders. We will simplify the consumers' search for financing by providing a direct-to-consumer, internet-based financing marketplace that helps you take control of the research, financing, and buying processes for your new or used vehicle. The process to obtain the loan will also be secure and confidential for you.

We designed myAutoloan.com and developed it to effectively meet the financing needs of different types of car buyers. We provide car buyers looking for financing with real financing offers to purchase all types of car loans (used cars, foreign new or used cars, or lease buy-out autos) from top lenders at all franchised dealerships in the 48 continental United States.

Did you know that online financing with myAutoloan.com helps you save more money, is very fast to provide and offer, and does not have any hidden fees? You don't have to worry about any last-minute "add ons" that some lenders charge. Even dealerships mark up the loan offer that you receive, but most people don't know that. With the myAutoloan option, you get to pick the best deal for a direct loan. That means that you only settle for terms that are most favorable to you. That means that you have a choice! In most cases, you get to review and select the monthly payment and financing rate by up to four real lenders that best fits your needs!

Having a Choice is a Wonderful Thing!

What are the requirements of accessing car loans at a Dealership?

  • It would be best if you have valid identification, such as a driver’s license, picture ID, or passport, to get your credit run and evaluated based upon your creditworthiness.
  • You must have at least three to six months of consecutive bank statements if you have not credit history. (They may not ask, but it’s always good to have them on hand if needed)
  • Since you are employed, you need to supply at least 2-3 months of your latest payslips. You need some documentation that you have a steady stream of income.
  • Let me repeat that. You must have a steady source of income. In today's marketplace, it means that both employed and self-employed persons are eligible.
  • If you are self-employed, you will be required to show proof of business ownership. It means you may need to show the dealer finance manager proof of employment.

What are the requirements of accessing car loans at myAutoloan.com?

  • You complete an online application that may take 3 minutes to complete.
  • Within a few minutes, you could get up to four loan offers from real lenders. Sometimes your selected lender may require a few more documentation pieces, but it's an easy process to send via PDF or secure link.
  • myAutoloan.com is a world-class financial platform specializing in helping car buyers access favorable car loans without mark-up fees. The lenders we have on our lending platform offer different types of loans to customers, including auto refinance loans and private party loans. With our platform, you get all offers in a convenient, quick, and easy way that is 100% confidential so that only you can see the offers from lenders. What this means that you get to own any car regardless of age, brand, or model, so it's worth the effort to try and find out just what offers you might get.

Having a Choice is a Wonderful Thing!

Our platform lenders consist of highly trained specialists who ensure that you get your loan as quickly as possible. Most take just minutes, but there are those rare cases where it might take a bit longer. At myAutoloan.com, we are proud to be the recognized leader of the online lifestyle financing process. We've been doing this and improving our operations for over 17 years. We also remain committed to providing innovative, technology-driven solutions and resources that will keep delighting our customers and lenders.

myAutoloan.com will do all they can to help you find a car loan with lenders you can trust. myAutoloan.com is committed to providing direct to consumer loans with easy options to research, finance, and getting you funded through our lenders. The car purchasing process is easy if you already have your financing in hand when visiting the dealership.

With our direct online financing, myAutoloan.com accomplishes the following:

  • Capitalizes on consumer market research and continuously looks for the best rates that fit your needs.
  • Provides car buyers with a platform that takes advantage of the shifting trends towards increased information before the purchase and provides “no fee or cost” approvals and loan offers.
  • It gives consumers more decision-making authority in selecting the financing that gives you the ability to choose what loan term and what loan rate best fits your needs.

Here are a few ideas on what you need to know about the different auto loans available.

  • New Car loan - This is the most common type of auto financing loan. Anyone who wants to buy a new car.
  • Used Car loan - These kinds of loans may come from a dealer or a dealer network and are ideal if you want to buy a used car. By pre-arranging your funding and having that approval in hand when you go to a dealer's lot, you will have the power of choice when negotiating with the sales person.
  • Refinancing your existing loan - If you have an existing auto loan on your current vehicle, you can reduce your monthly payment expense by refinancing. You can do it ALL online and in the comfort of your home. It's that easy.
  • Lease Buy-Out - Your current vehicle lease - if you are currently leasing a vehicle, you can choose to buy it instead of searching for a new auto.. You can do this by applying for a lease buy-out loan. It's simple and can all be done online.
  • Private Party Car loan - This applies when you are buying a car from an individual. It is also known as a person-to-person loan. We can arrange a safe, convenient, and fast private party car loan by ensuring you have the money in hand when the time comes to make the sale final with your private party seller.

So, how does car financing work?

  • Step one - You find the car you want or get your financing approved before you step on a dealer’s lot. Be prepared to have a variety of vehicles you can choose to select. Choose according to your taste and what you can afford. We have Rate Calculators and Finance Guides that can help you feel more comfortable with the process.
  • Two - select the loan amount and terms that work for you. We suggest you pick the auto loan you will be able to pay back comfortably. Check out loan amounts to be armed with the best information before looking for your auto at the dealership.
  • Three - Complete the application form. To get loan offers, you will need to provide your specific personal details, such as your name, place of residence, employment, etc.
  • Four - finish the application process and select your loan offer by signing the contract. In doing so, you agree to the terms and conditions of the agreement, and you can complete it all digitally – easy and secure.

Once your application is approved, you will only need to wait for the car to be delivered to the dealership if it’s not already there. Take that big step today and change your life. We will be with you every step of the way. With direct online financing, auto financing will no longer be complicated, confusing, or frustrating. Buying a car has never been this easy! Please go on and give it a try.