back to articles

Publish Date - April 15, 2021

Author: Dale Peterson


New Car Financing or Auto Loan ReFinancing

What a strange world we live in as people all over the world are coping the best they can with a pandemic. We hear about it on the news but not knowing what the U.S. economy will look like in 6 months is very concerning.

content article image

What a strange world we live in as people all over the world are coping the best they can with a pandemic. We hear about it on the news but not knowing what the U.S. economy will look like in 6 months is very concerning.

With the global economy more vulnerable than it has ever been before, thanks to the pandemic, many people are feeling this stress in their own personal finances. We have all been working hard to make ends meet by cutting back on unnecessary purchases and perhaps even giving up some necessary one. If you are trying this method, you may realize that it is still not enough. This is certainly the most aggravating feeling when you are trying your hardest to catch up, but nothing works. If this all sounds familiar to you, then you will have to take a different approach to saving money. As things begin to get back to a reality that we know, it might be time to either refinance your auto loan or even consider purchasing a new car – to do so can be all done online and is so easy that it will blow your mind.

Remember the time when you thought that you could only get a car loan from a dealer or a bank? Banks don’t always have the best price so you would have to go bank to bank to see what the rates were, what the terms are and how much you could obtain in a loan. The web has opened up tremendous opportunities for anyone looking for a car loan online. It used to be a new approach 20 years ago and look at it now. Online auto financing is now almost the norm in 2021. Yes, at first it might seem confusing but just try doing some research on auto financing via an auto finance guide, and you will see you can save a lot of money without having to pay dealer markups and extra fees.

It is important to know the key components of a loan - Remember, knowledge is power! Understand the key components of an auto loan like:

  • Amount Financed - The dollar amount of credit provided to you
  • Down Payment- The initial amount you pay to the car seller. The more money you put down, the less you will need to finance.
  • Annual Percentage Rate (APR)- The annual rate charged for borrowing (expressed as a percentage).
  • Term (months)- The length of time you will make payments, or the length of time you will have before your loan hits maturity date.
  • Monthly Payment Amount - The dollar amount due each month.

You can find all of these tools at and end up saving a bundle by getting a direct car loan, with no markups from national lenders! You can choose from up to four loan offers and select the one that best servers your needs before you make any final decision to buy a new or used auto. You can also use these tools if you want to refinance your existing care loan as it is very possible you might save by lowering your loan rate and monthly payment.

You need to prepare for your trip to the dealership. Car dealers make a profit by referring you to their preferred lender, marking up interest rates. Once you’ve been pre-approved, you can confidently walk into the dealership knowing that your financing has already been taken care of.

When you are ready for new car financing, you will need to be innovative and you will need to use the kind of thinking that will provide you with the most unique options. If you have ever thought about using the internet for your financing needs, then you are on the right track. Go to and see for yourself just how fast and secure it is to obtain multiple offers for your car loan. The truth of the matter is that you can find the best rates and monthly payments online at With the economy just getting to starting to recover and being in the state they are in, you will find great deals for online car financing than ever before. If you are ready to save money, this needs to be your first step.

If you are still unsure about going online for your new car financing on the internet, there is no need to worry. Check out the reviews and AAA rating from the Better Business Bureau on the site. You can find that you can trust the website and all you need to know will be right there before you. After you apply, you will have rates, terms, payment, contact information, and general information about how the financing works and how you can expect to make payments. Remember, you will have a choice of which lender will be best for you but you have to apply. Good luck and good car hunting.