Best Auto Finance Companies
5005 W. Royal Lane, Suite 209
Services Offered: Auto finance
Company Overview: MyAutoLoan.com was established in 2004. They are an entirely e-commerce based company, and offer affiliation with some of the top lenders in the nation for auto loans. They are a subsidiary of Horizon Digital Finance, LLC, which was founded in 2003 to provide direct-to-consumer auto financing. The company is a recognized leader in the online lifestyle financing process, bringing the choice back to consumers.
Our Review: MyAutoLoan.com has plenty of great loan options for consumers. They offer many different programs and great rates for all types of people. The website is really easy to use, and very well designed. Their customer service is top-rate, as well, which is an added bonus.
User Review: MyAutoLoan.com helped me get a much better rate on auto finance than the dealer was offering. I couldn’t believe how affordable the payments were, or how much money I was able to save by outsourcing my needs beyond the dealership. I’ll never finance through a dealership again.
Bank of Internet
12777 High Bluff Drive, Suite 100
Services Offered: Auto Finance
Company Overview: Bank of Internet was the first online-only bank to come into business. They were founded in 1999, and currently have more than $1 billion in assets. The company is FDIC-insured, like any bank should be. They also have better rates on their products, including auto finance, since they operate online-only. They also work with customers all over the nation.
Our Review: Bank of Internet is still one of our favorite lenders. For auto financing, they have many different programs for all types of consumers. They have a professional and easy to use website, and offer so many resources so that people can get exactly what they need. Plus, the customer service is great, which is essential.
User Review: Bank of Internet had great options for my auto finance needs. I wasn’t sure about working with a company that was only online, but once I saw all they had to offer, I was sold on their services. Now I can get exactly what I want at the dealership and trust that I’ll be able to afford the payments.
Finding Auto Finance Options
There are many different places that you can turn to for your auto financing needs. If you’re not sure of your options, you need to take the time to research what’s out there and make the most of it for your specific needs. By doing this, you’ll be able to be better informed and more prepared for the world of auto finance. The first rule is that if you can’t afford a car, you shouldn’t buy it. This might seem obvious, but many people do whatever they can to find a way to afford a vehicle that is far too expensive for their budget, including getting loans that extend for far too long and even paying more than they should just because they like the car. The worst thing that you can do is walk into a dealership with no financing in place, and not have a firm understanding of what you want to spend. For starters, get pre-approved for auto financing before you even visit a dealership. This will give you a better idea of your budget. Also, you should learn to stand your ground and never pay sticker price for a vehicle. You should be firm in your bargaining, so that the salesman knows that they aren’t going to sell you a vehicle unless they give you exactly what you want and need. For example, if you are looking to spend less than $14,000, and the car that you find is sticker priced at $17,995, you should be able to talk the dealer down or move on to a different vehicle. Play hard to get, and you’ll likely get the deal that you deserve. It might seem silly to walk away or even walk out of a dealership empty-handed, but this will show them that you’re serious, and their desire to sell you a car will likely allow you to get the deal that you want when you do this. If you act like you don’t care whether you get the car or not, but let them know that you do like it, you’ll be much better off than if you appear desperate and willing to do whatever it takes to get that car. If you don’t get auto financing before you go into a dealership, you should still stand your ground and be firm in what you want to pay. For example, tell them that you only want to pay ‘x’ amount for a monthly payment for the car that you are interested in, and don’t budge. This will make them work harder to get you the auto finance that you deserve, because they know that they can’t take advantage of you or talk you into something that you can’t afford. As long as you take the time to consider these things, you’ll have no trouble getting the auto financing and the car that you want.
Other Top Companies For Auto Finance:
Capital One Auto Finance
Address: PO Box 260848
Address: 11760 US HWY 1 Suite 200
Wells Fargo Auto Finance
Address: P.O. Box 29704