secure: at digicert
accredited: at bbb
trusted: - trusted
secure: at digicert
accredited: at bbb
trusted: - trusted

The Basics of Auto Financing

Everything You Need To Know About Auto Loans

myAutoLoan understands that for some, auto financing might be complicated, confusing, and frustrating. Here are the basics of the different ways to finance your car, the terms you may encounter during the process, the requirements to get an auto loan, and more. Find the particular auto loan you’re seeking, and see where to begin and how we can help.

Once you feel more comfortable with your auto financing, apply today. myAutoLoan provides a quick, easy, and completely free application to get you on your way to offers from multiple of our trusted lenders. We want buying a car to be as easy as possible, which is why we provide resources like auto loan calculators and more.
Different Types of Auto Financing
Where you are buying your car from determines what kind of auto loan you need. Whether it's new or used from a dealer or a private party; or you are buying your car from a lease or refinancing your existing loan - all of these factors control which type of auto financing plan you need. Read more about each type to see what type of loan is best for you.
New Car Loan
New car loans are the most common type of auto financing. You have a wide range of options including getting approved through your new car dealer or many consumers find that they can save money and gain negotiating leverage by arranging financing in advance. Apply for a new car loan and see how much you could save.
Used Car Loan (buying from a Dealer)
Buying a used car is often a great value. Loans for this type of financing can also come from the Dealer or from a national lender. By pre-arranging your funding source, you know that you'll have the power of choice when negotiating a deal. Take the time to apply for a used car loan and see what type of rate & term you can get from our participating lenders.
Refinance Your Existing Loan
If you have an existing auto loan on your current vehicle, you can often reduce your monthly payment expense by refinancing. This is a great option to free up needed cash on a monthly basis - Apply for a refinance loan, and see for yourself.
Buyout Your Current Vehicle Lease
Are you currently leasing a vehicle, and would like to purchase it instead? Apply for a lease buyout loan and make your dream of auto ownership a reality!
Private Party Car Loan
Looking to buy a vehicle from another individual? Also known as a person-to-person loan -® can arrange a safe, convenient and fast private party car loan, this way you can have the money in hand you need when you go meet the buyer.
Basic Information About Car Loans
If you're new to the car financing process, you'll need a bare bones approach to learning the ins and outs. myAutoLoan provides you with a glossary of terms, a free Auto Buying Guide, frequently asked questions, and the basics on loan requirements to get you started with your financing.

Still not sure about something? Contact us at myAutoLoan with any questions or concerns so you're confident with purchasing and financing your vehicle. And once you're ready, apply for the competitive rates and choices for your car loan that myAutoLoan provides.
Glossary of Auto Loan Terms
Even with a friendly local dealer, stepping onto the showroom floor and looking at new cars can be a stressful experience. Our FREE Auto Loan Glossary can help you prepare for your visit to the dealership; saving you both time and money.
Auto Buying Guide (FREE)
Even with a friendly local dealer, stepping onto the showroom floor and looking at new cars can be a stressful experience. Our FREE Auto Buying Guide can help you prepare for your visit to the dealership; saving you both time and money.
Frequently Asked Questions
Buying a new or used car can sometimes seem overwhelming. If you are getting a loan, the process can be even more intimidating. Visit our section of Frequently Asked Questions to ease the stress and find the answers to the most common consumer questions.
Loan Requirements
To qualify for an auto loan there are a general set of minimum requirements that cover everything from age and income to time at your current residence and length of employment. Visit this page to learn more about minimum requirements.
Horizon Digital Finance® (HDF) technology and processes are patented under U.S. Patent Nos. 7,630,933 and 7,647,274 and 8,095,458 and 8,359,264.
This site is directed at, and made available to, persons in the continental U.S. excluding Alaska and Hawaii. is owned and operated by: Horizon Digital Finance®
5005 W. Royal Lane, Suite 209 - Irving, TX 75063
© 2004-2015 - All Rights Reserved.