Frequently Asked Questions about Auto Loan Funding

Here are the answers to the most commonly asked questions about auto loan funding.

How do I apply for auto loan funding?

You can apply for free quotes on auto loan funding by clicking "apply now" wherever you see it on our site. This will take you to our short, secure application. Once you fill out the application, you will receive quotes on auto loan funding from several major lenders.

What kinds of auto loan funding do you offer?

We offer all types of auto loan funding to suit our customers' unique needs. We can help you finance your new car, find a used car loan, or refinance your current auto loan.

What about auto loan funding through the dealership?

It's no secret that most people select the dealership as their source of auto loan funding for the sake of convenience. However, you will pay a steep price for the convenience. Dealerships often make a larger profit on the financing of the car than on the actual sale. Dealers are notorious for giving customers poor rates and terms on auto loan funding. Almost always, you are better off financing through an independent, third-party lender.

Is this site run by a lender?

No, we are not a bank or other lending institution. Think of us as a free referral service. We match customers with lenders who can provide them with competitive quotes on auto loan funding. Our goal is to make auto loan funding as economical and convenient as possible for our customers.

How much will it cost to apply for auto loan funding?

Unlike many of our competitors, we do not charge an application fee for our quotes on auto loan funding. All you have to do is fill out our short application, and we will supply you with at least four quotes from major lenders.

Should I pre-qualify for auto loan funding before I car shop?

Yes, this is usually a good idea. Pre-qualifying for a loan helps you limit your shopping to cars you know you can afford, and it will give you the upper hand when negotiating with sellers. You are more attractive as a buyer when you come into the deal pre-qualified for a loan.

Should I buy new or used?

There are benefits and drawbacks to both. By buying a used car, you save considerably on the purchase price and will avoid the costly depreciation curve of new cars. On the other hand, with new cars, you can usually get lower rates on auto loan funding and finance the car over a longer period of time.

Check out our What Not to Do at the Dealership page to avoid the biggest mistakes made by buyers.