Car Loan’s FAQ
There are countless questions that people have about our car loans and while we do enjoy answering questions from our loyal customers, we decided to add a frequently asked questions page to our website to speed things up a little bit. We hope that you can answers to any car loan questions that you might have on this page.
- Why is it that I can only purchase a car from a dealership with one of your auto loans?
The truth is that it has nothing to do with us. We are on your side in this process, as we negotiate
auto loan rates with high profile lenders from all over the country. In the end, however, it is their money that is being lent out and, therefore, they have the final say on where it ends up. Financially speaking, it is always a larger credit risk when you make a purchase through a private deal and there is also a higher chance of fraud taking place. Since it is very difficult to regulate a private sale, including the prices that are charged, we could see instances of fraud if car loans were permitted on these deals. In addition, car loans are referred to legally as Retail Installment Sales Contracts, which do not apply to private sales because the seller is not a registered retailer.
- Will it take a long time for me to receive my auto loans?
This is a question that we receive a lot because people are so used to everything in life taking so long, including car loans. We do not run on the same clock as the rest of the world, however, so you can expect to receive your car loan very quickly. Basically, if you apply during business hours, you will receive a response from us within an hour. If there are no problems, you can expect the process to being immediately. Generally, you can expect to be driving your new car within 48-hours and all of this without having to wait in anyone’s car loan office for someone else to decide your fate.
- How low are your interest rates?
The answer to this question will vary, as car loans are highly dependent on the individual. If you have a bad credit score, you will have a higher interest rate because the lender will deem you as a credit risk. If you have a good credit score, however, you can expect a much lower rate. No matter what your credit score might be, however, you can trust that we will do everything in our power to find you the best rates on the market. Remember to take advantage of our
car loans calculators in order to figure out exactly how much your monthly payment will be as well.
- How low are your interest rates?
We have licensed lenders in all 50 states, as we are a nation wide company.
- So, if I apply using your no-obligation application form, will I have to hunt around and compare rates with other lenders?
No, the beauty of using Car Loans service is that we provide you with the rates so you can compare and save money on your car loan.
Thank you for visiting Car Loan’s FAQ page. We hope you found it very helpful and look forward to receiving your application soon. If you have additional questions, please email them to us.
To receive an online quote, and apply for your no-obligation Car Loan, click on the “Apply Now” button above.
