4 comments to “quesstion about online auto loans?”

1. Fletcher B wrote:
   17. March 2009 at 9:32 pm :

   It should really save you some money to just get an automobile loan quote online to see what todays rates are. You might be pleasantly suprised. Also if your credit is not good, a lot of them are more able to work with people.

   What I most often tell folks is that an online quote at is what I would do.

2. Isabella wrote:
   19. March 2009 at 3:24 am :

   Finding a bad credit auto lender take a little bit of work to find the right one. When looking to buy a new or used car, the dealer may offer bad credit financing, or refer you to a lender. Car buyers should consider arranging their own financing.

   Unless you have a 700 or higher credit score, it might be a good idea to look at your credit report and see what you can do to improve your credit score. A 700 score will get you the best rates at the best loan terms.t.

3. Justin wrote:
   21. March 2009 at 10:15 am :

   It depends on who you use. A lot of these online companies are not actual lenders and will forward your information to car dealers in your local area.

   If you apply direct to a bank, then yes, some will send you a check. Often times you will get an approval and then the bank will have a letter drawn up that tells the dealer how to structure the loan in order to meet your approval.

   If you receive a “blank check” then it will also have loan structure guidelines.

   To another extreme some lenders, for customers with excellent credit, will simply issue a blank check and structure doesn’t matter that much (this is rare thought).

   If you’ve got below average credit there are not many lenders that will give you an approval online, because there are many factors involved to an approval and to work with a dealership makes it easier for you and for them.

   Hope this helps,
   Justin

4. Crystal wrote:
   23. March 2009 at 7:30 pm :

   You can also buy a car online if you want to. You should go through an internet car dealer. Just bring proof that you are approved for the loan, buy the car, give the lender the price you paid, they will send a check and you just bring it over to the car dealer.

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