Here
are some answers to frequently asked questions, however if you do not find
what you are looking for, please send an E-mail to: info@autoloanszone.com.
Auto
Loans Zone does
more than just offer lenders and services. We give you the information to
help you to get approved an auto loan and tips on what you can do if you
get turned down for a car loan as well as which lenders and services offer
the right products or services for you.
Auto
Loans Zone
is not a lender. We give you information for you to utilize and direct you
to financial products or service providers that best meet your needs. This
auto loan and credit service is absolutely free for you, and you will
never be required to pay a fee! This service merely puts auto
dealers and lenders together with buyers searching for the best deal on an
auto loan for the purchase on a new or used car, truck, van or SUV.
Once
you submit your auto loan application through our web-site, you should
receive a phone call or email from the lender letting you know the loan
amount and the interest rate that you are approved for as well as what you
need to do if you decide to use the loan.
Each
lender that we work with has their own procedures for processing loans so
the best way to find out exactly what to expect is to contact the lender
that you were approved with or check their FAQ’s. However, if you
have trouble getting in contact with them or or cannot find their contact
information, contact us via E-mail
and we will provide you with the correct contact information.
This
can only be determined once you complete and submit your auto loan
application. Each individual has different requirements that need to
be met; therefore the interest rate will vary depending on each
individual. Different auto lenders have different criteria they look for
when making auto credit decisions. Some factors may include
employment, credit history, etc. By applying through our web-site, this
gives you a greater chance of getting approved because of the
relationships we have established with the different lenders that compete
to provide you with the best rate on your auto loan.
Once
you receive your package from the lender which includes a draft check,
loan documents and a list of items that you will need to bring such as
your drivers license, paycheck stub, utility bill (verify residence), and
references, you are able to go to your local participating auto
dealership. Be prepared to take delivery of your new or used
car, truck or van the same day you visit the car dealership. The
dealer will help you select the right vehicle for you that will fit within
the guidelines of the lender at a payment you can afford.
However,
if do not get approved through a lender, a local participating auto
dealership may still contact you letting you know that they are able to
help you get approved for a car loan. There are several reasons why
these particular dealers can help you:
First,
these dealers have a reputation to uphold. Since we refer many
customers to them, they don’t want you to have a bad car buying
experience. They will bend over backwards to get you a fair deal;
AND if you should have a problem with the car, they are always there to
help you!
Second,
these participating car dealers generally will do business with many
lenders that specialize in auto loans for people with bad credit, no
credit, repossessions or other credit situations. These auto lenders
typically will not make auto loans to the public. For bad credit
auto loans, these car dealers cater to and they are the best source for
good people with bad credit.
Lenders put a lot of trust in the quality of their collateral (YOUR NEW or
Used CAR) when making an auto loan. These auto lenders want to make sure
the new or used car dealer will be there to stand behind your car.
The dealer also has professional auto finance staff to assemble your auto
loan package to make your auto loan funding go as smoothly as possible.
Also, by purchasing your car,
truck or van from a participating car dealer, you can purchase a 2000 or
newer car with less than 35,000 miles for a longer term which means a
lower car payment.
IF
you have bad credit, it is very difficult to get approved for a car loan
to purchase through a private party no matter how much money you need. The
dealership is the one who helps get you into the car by offering the bad
credit auto loan because they have a strong relationship with the lenders.
A private party cannot do this. Most online auto loan companies will take
your application, and then hand it over to a dealer in your area who is
willing to work with people who need a bad credit auto loan. The most
important thing to remember is that because you are being referred to a
dealership by someone who sends them customers on a regular basis will not
want to jeopardize their relationship by not doing everything they can to
help you get into a car. If you have been referred to car dealership and
they are not able to help you, please contact
me to help you find one that can!
We
have tried to anticipate any question you may have while considering the
purchase of a new or used car, truck, van or SUV. However, we
realize every situation is different and we may have missed a few topics.
Check back with us periodically since we are always adding new information
to help you with the process of purchasing a new or used car.
Should
you have further questions about auto loans, auto credit, auto lenders or
about purchasing a car from the dealership, feel free to send us an Email
to: info@autoloanszone.com.
