When looking at the best auto loans, they must, of course, have the lowest interest rates of all. Let’s face it, buying a car is expensive and unless you’ve got a lot of money to spend, you need some help.
The number one thing people struggle with when buying a car is getting a loan that is affordable to pay back. Some people qualify for an incredibly large auto loan and then, choose to spend it all. Although this might seem like something that you really don’t need, having a nice car is always a nice thing but paying it back, not so much. It is important to spend the money you intended to spend on your car and not more. With that in mind, the best auto loan companies will provide you with the perfect loan.
The Best Auto Loan Online Service
- Cars Direct – As a well-known car buying service company, Cars Direct also helps you in obtaining the very best auto loan for the car you want to buy. Cash Direct provide a range of information about its competitor, as well as a loan calculator, a trade-in calculator, advise on the best car loans and car buying strategies. They are also quite savvy with the amount you can apply for. There is no minimum or maximum and you can apply for anything less than $5,000 to $10,000. They are also quite hands-on with customer service and will contact you with information regarding auto loans. This company is best for those who require a smaller-dollar auto loan, as well as those who consider refinancing.
The Best Auto Loan from the Bank
- LightStream – As an addition of Sun Trust Bank, LightStream knows that most people seeking a loan, especially to buy a cat, tend to rely much more on a somewhat bank institution. They are thus a compelling option for those with a good credit score. With rates starting at 3.09% for both new and used cars, they offer some of the best loans for cars that are purchased from dealerships. Depending on your credit, Lightstream offers secured, as well as unsecured loans. In addition to their amazing services and benefits, they also have a 30-days $100 guarantee in which they pay you a $100 if you are unsatisfied with either their service or the loan. They are, however, very selective about their customers. You must obtain both excellent credit, as well as a steady and healthy asset and income status, to make the cut. Hence, they are the perfect choice if you do meet their requirements and will help you get a loan faster than most auto loan companies. They also provide loans for vehicles such as RV’s and motorcycles.