EVERYTHING YOU NEED TO KNOW ABOUT CAR LOAN FINANCING
Auto loan financing can 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, and the requirements to get an auto loan 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
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 – we 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.