Finance Your New Car
Financing the purchase of a new car is an important goal for most people. But making the dream of owning a new car a reality can sometimes be a difficult challenge. If you're in the market for a new car what are your options?
Financing your car through your bank is a popular choice among some consumers. Many banks will offer an affordable auto loan to their customers if they already have good or excellent credit. But it's important to remember that most banks will connect your auto loan with any checking or savings account you already have with them. If, like most working American families, you sometimes live paycheck to paycheck, the last thing you want is your bank freezing your checking and savings accounts because you were unable to make your monthly car payment on time!
Credit unions are a growing lending alternative to the national banking industry. In many ways, credit unions offer their customers important benefits and amenities that national banks can't or won't offer their customers. Credit unions generally offer lower interest rates than major banks. But there are some important drawbacks to financing your new car through a credit union auto loan. Many credit unions are local enterprises, and they may not have the resources to provide you with round-the-clock customer service seven days a week. Many credit unions are unavailable for customer service on weekends or weeknights.
You could always finance your auto loan through a car dealership. But this is probably not the smartest move. Most dealerships make 30% of their profit through financing loans for the cars they sell. Consequently, if you choose to finance your new car through the dealership, your dealer will be trying to make as much money as possible off of your auto loan.
An easy online auto loan
More and more consumers are turning to the internet to find easy online auto loans as their smart, affordable answer to the car loan finance problem! Buying a new car should be a pleasant, exciting experience. You shouldn't need to worry about your bank freezing your assets, a credit union unable to take your calls after 6:00 pm, or a dealership offering you sub-prime lending deals. A fast, free online auto loan application can give you quotes from some of the most competitive lending agencies in the auto financing market! To learn more about how an easy online auto loan can make your dream car a reality, click here.