What is a Auto Loan?
Auto loans provide an easy way to own a new vehicle. Similar to the other loan products, it follows the lender - borrower concept. The lender is a financial institution, like a bank or a private firm, is the loan provider. A borrower needs to meet the lender specific and state mandated requirements to qualify for an auto loan. Once approved, you’ll get the loan principal. This is the money that will be lent to you, payable over a specific amount of time, with interest.
Auto financing allows you to afford the vehicle of your choice through manageable monthly payments. There are a number of sources for this. Dealerships usually partner with lenders to be able to offer a financing option for would-be buyers. Banks also have this type of product, so do credit unions. More recently, we’re seeing the rise of online lending providers as well. It’s important to do your research and learn what car financing source would offer you the best deal.
Brand New Car
Got your eye on that brand new pick up? Own your next family auto with the help of a fixed rate auto loan. Whether you get it from the bank or straight from the dealership, do a quote comparison to get the option that suits you best.
Afford a second-hand Lexus RX 2010 series with the help of the right auto financing product. Get a used car with flexible payment terms . We can help you connect with a reliable lender who can answer all those important questions for you.
Find a Lender
You know the car you want and what you can afford to pay for it. Now it’s time to look for a lender that will offer the right terms. Search for lenders in your area with ease.Click on the green button below!
Auto Loan Articles
Industry news, helpful tips, and great insights on car loans. Knowledge is key so equip yourself with useful information before going ahead and filling out that application.