Frequently Asked Questions
Here are the answers to the most commonly asked questions about easy online auto loans.
What is an easy online auto loan?
An easy online auto loan is a faster, low-cost alternative to traditional bank or dealership car financing. An easy online auto loan offers all of the convenience of dealership financing with the competitively low rates of bank or credit union financing. You can complete the easy online auto loan process paperlessly from the comfort of your home computer.
How do I apply for an easy online auto loan?
You can apply for an easy online auto loan by filling out our short application. The application will take you only a few minutes to fill out. Once we receive your application, we will instantly provide you with several quotes on an easy online auto loan from various lenders across the country. You see these quotes side-by-side to help you do your comparison shopping all on one site. All you have to do is compare the quotes, decide which one is best for you, and apply for it. Please visit our ten steps of car buying page for more information.
What kind of loan products do you offer?
You can get an easy online auto loan no matter what your financing needs. We offer new car loans, used car loans, and auto refinancing loans for those who already have a car loan. Our lenders can provide competitive rates on any of these financing products.
Who will originate my easy online auto loan?
We are not a lender, so we do not actually provide your loan. We partner with a vast network of local, regional, and national lenders who will originate your easy online auto loan. We select our lenders based on the competitiveness of their rates and the quality of their service. The lender that originates your loan will largely depend on your needs and geographic location.
Isn't it easier to finance through the dealership?
Some people do find it more convenient to finance through the dealership, but the cost of doing so is usually not worth it. Dealerships inflate the rates of their financing products in order to profit on your car loan. Often, the financing deal is more lucrative for dealerships than the sale of the vehicle. An easy online auto loan lets you apply from the comfort of your home for maximum convenience. And, unlike at the dealership, you will deal directly with a lending institution, thus eliminating the rate-inflating middle man.
How long should the term be on my easy online auto loan?
Experts recommend keeping the term of your easy online auto loan as short as possible. This does several things. First, it prevents you from remaining upside down in the loan, meaning you owe more on the car than it's worth. Secondly, it minimizes your interest costs over time, which means the overall price of a short-term loan is lower than that of a long-term loan. Try not to finance for over 36 months, if you can.
