Using the internet to apply for a car loan brings with it a number of advantages. For example, consumers can use a car loan calculator in order to figure out how much car they can afford. They can also do research on the pricing of the makes and models that they are interested in. Learn more about the advantages of online car loan applications.
There is absolutely no charge or obligation involved with our loan application process.
Because nearly all lenders-- including banks, finance companies, and credit unions --will only loan money for a car or truck if a dealer is involved. One of the advantages of using our site is that our dealers are connected to hundreds of lenders, which improves your chances of getting a better interest rate.
When you apply for a loan, the lender will check your credit report. This check places an inquiry on your report. Multiple inquiries within a short period of time can be viewed negatively by lenders and could potentially lower your chance of being approved for a loan.
To help ensure that your loan application is processed as quickly as possible, we require certain items such as a daytime phone number and social security number. Once your application reaches a loan advisor, the phone number you provide allows the advisor to contact you as soon as possible. We require your social security number because lenders need it to process your loan.
Although income requirements vary from lender to lender, your gross monthly income should be at least $1400.