Most people know that new cars generally have a variety of financing options. But only astute buyers know that used car loans can also be had for those of us who cannot afford or do not want to purchase a brand new vehicle.
Used car loans can make it easy to get on the road in new wheels. There are countless auto dealers offering quality used cars for sale, and many of these dealers provide finance options as well. The Internet offers a wealth of choice, with cars of all makes, models, sizes, and prices posted for sale by respectable sellers.
Thankfully, a similarly large selection applies to used car loans online. You don’t have to travel all over town! Here are a few of the better options for you to buy a car and get a used car loan at the same time.
Edmunds.com — The first site has a large following of people who search for cars. The company offers many services, including used car loans. The concept of True Market Value is one of Edmunds inventions. The web site has hundreds of car reviews, and visitors can rate cars as well. Experts also chip in with advice that will help you to make a purchase decision. The site lists invoice prices for some vehicles, and always shows detailed specs for each car or truck. Photos abound, and you can spend hours hunting for your favorite vehicle, and making comparisons side by side. After you make a choice, the site’s software will allow you to set up an account and dealers nearby will contact you directly.
CapitalOneAutoFinance.com ” A popular place for securing used car loans online is also one of the biggest online lenders in the USA. The site offers tailored loan options for those who are seeking a loan for a new car or used car. The web-based application procedure is relatively painless, and response times are reasonable. Current loan rates are listed online, allowing you to calculate your rough monthly loan payment amounts in advance. Once you submit the form online, the staff will begin reviewing it for the approval process, and you will be contacted by your preferred method once completed.
AutomobilesCars.com — This is a great choice for car buyers who have poor credit histories. The company claims to approve 94 percent of applicants, so almost every prospective car owner is able to get the financing they need for the car they want. The site has a secure, easy application process that is not intimidating. AutomobilesCars specializes in a very low cost used car loan service that targets first-time buyers or those who have had a credit history that includes repossessions, slow payments, or bankruptcy.
Automotive.com — This site began operations in 1998, and has become of the Internet’s best-known used car loan suppliers. They offer a very large variety of used cars and new vehicles, and have a record of solid sales. They also branch out into vehicle insurance, and of course, used car loans. Customers are also encouraged to sell their previous vehicles on the site, and the sales price can be applied toward the new vehicle. Automotive.com also works with clients who have had a bankruptcy or poor credit history, or those who are getting an auto loan for the first time.
As cars get better and better over the years, more people realize they do not necessarily need a new car. Used cars offer better value because the largest depreciation has already occurred. If you are looking for a used car, take your time to check out the various used car loan providers. Doing so can save you a lot of money, and make getting your new wheels a lot easier.
Author: Douglas BlackwallThis author has published 2 articles so far.