Cheap Used Car Loans: Online Sources

By: Joseph Davis


Today's car shoppers know that there are a range of financing options available for new cars. But did you know that that used car loans are also available? Indeed, for millions of buyers who can't afford, or do not wish to buy a brand new vehicle, a used car loan may be the answer.

Used car loans can make it easy to get on the road in new wheels. There are countless auto dealers offering quality used cars for sale, and many of these dealers provide finance options as well. The Internet offers a wealth of choice, with cars of all makes, models, sizes, and prices posted for sale by respectable sellers.

Along with vehicle selection, there is a wide range of options for securing a used car loan online. No need to drive all over your town. Four of the best options for buying cars and securing loans are listed here:

Edmunds.com -- The first site has a large following of people who search for cars. The company offers many services, including used car loans. The concept of True Market Value is one of Edmunds inventions. The web site has hundreds of car reviews, and visitors can rate cars as well. Experts also chip in with advice that will help you to make a purchase decision. The site lists invoice prices for some vehicles, and always shows detailed specs for each car or truck. Photos abound, and you can spend hours hunting for your favorite vehicle, and making comparisons side by side. After you make a choice, the site's software will allow you to set up an account and dealers nearby will contact you directly.

Edmunds.com -- Yet another good site for comparison shopping for a used car loan. Any car shopper can benefit from the wide range of services offered by this online used car loans provider. One of their specialties is a concept they invented, called True Market Value pricing. They also have many car reviews, and consumer ratings, along with expert advice that will steer you along the path to getting a fair deal. The site also offers invoice prices, detailed specifications, and plenty of photographs to help you identify your need for a car, whether simple or luxury, or perhaps an SUV or truck if you require one. After narrowing down your options, just click on the free price quote area and Edmunds will provide dealer quotes from multiple dealers who will contact you.

CapitalOneAutoFinance.com -- This online site is a popular choice of people looking for used car loans. Capital One is one of America's largest online vehicle lenders, so this is the first choice of many potential buyers. This online financer has programs tailored to fit all budgets, whether you're looking for new car loans or used car loans. The online application process is simple: Check the current loan rates, calculate how much your monthly payment is going to be, and submit the online application form. Your approval process will begin immediately and you'll receive a fast reply.

AutomobilesCars.com -- If you are one of the many folks with a poor credit history, then perhaps this site is for you. With a claimed 94% approval rate, almost everyone is able to secure the used car loan they need. The straightforward application process is well designed. AutomobilesCars particularly aims to serve first-time car buyers or people who wish to purchase a used car but have had a bankruptcy or repossesion in their past.

As cars get better and better over the years, more people realize they do not necessarily need a new car. Used cars offer better value because the largest depreciation has already occurred. If you are looking for a used car, take your time to check out the various used car loan providers. Doing so can save you a lot of money, and make getting your new wheels a lot easier.

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Information about the Author:

Author Joseph Davis writes for several well-known Internet magazines, on how to buy a used car and shopping tips topics.
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