Best Auto Finance Companies
HSBC Auto Loans
PO BOX 17904
Services Offered: Auto finance
Company Overview: HSBC was established in 1865. They are one of the largest financial services companies worldwide, with more than $1.2 trillion in assets. They offer direct-to-consumer lending, as well as offering financing through dealerships in 47 states of the U.S. The auto loans for HFC and Beneficial, their subsidiaries, are handled by HSBC as well.
Our Review: HSBC Auto Loans is a great auto finance company. They have plenty of lending options and low rates for almost all applicants. The website is simple to use and the applications are easy to fill out. Plus, customer service is excellent, which you would expect from a company like HSBC.
User Review: Car financing is complicated stuff. Fortunately, I was able to visit HSBC, who I’ve worked with before, and find everything that I needed. Their auto finance rates are so low, and their customer service is very friendly and professional. I called with some pretty stupid questions about things, and they were always willing to help me without making me feel inadequate for having so many questions.
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.
P O Box 430
Services Offered: Auto finance
Company Overview: Abacus Credit was established in 1998. They offer bad credit lending for all types of consumers. All of their communication is done through e-mail to keep things in writing and in order at all times. The loans that they offer are approved within 24 to 48 hours, and close in less than 30 days in most cases. The company serves over 50,000 consumers each year.
Our Review: Abacus Credit is a great auto finance option for people with less than perfect credit. Their network of lenders works with almost anyone, making lending much easier than it ever has been for all types of consumers. Their customer service is great, as well.
User Review: Abacus Credit was great. I have really bad credit, but I needed a work car. I found one that I wanted for about $5,000 and Abacus Credit was able to get me an affordable auto loan for the purchase. I am so glad that I worked with this company, because they were so helpful.
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
National City Auto Loans
Address: National City Center
Wells Fargo Auto Finance
Address: P.O. Box 29704