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Wondering How to Get a Car Loan?

If you’re thinking about buying a car or refinancing the one you have now, the best way to get a car loan is to apply right here at Car Deal Expert. Auto loans vary widely in many important respects, and it pays to shop around for financing before you head out to a car dealership. Generally, the financing offered by dealerships involves higher interest rates and longer loan terms than those available from independent lenders.

It’s a good idea to should shop around for financing before you buy a car, but comparing the fine-print terms and conditions of car loans can be tedious and time-consuming. You can save yourself a lot of time and hassle by letting Car Deal Expert do the shopping for you.

It’s easy to get a loan for a car

Our goal at Car Deal Expert is to find you the most competitive financing available, based on your individual circumstances. Whether you’re planning to buy or refinance, whether you’ve got a hefty down payment or no down payment at all, and whether you’ve got great credit, lousy credit, or have made a purchase on credit before, chances are good that within our network of reputable lenders, we can find you the best automobile financing available. It takes just a few minutes to apply, and as soon as you do we’ll put you in contact with the lender that best matches your requirements.

It’s easy to beat dealer financing offers

The financing offered by car dealers usually doesn’t carry the lowest interest rate available because it typically includes a dealer markup. Just as a dealer makes more when you buy a more expensive car, it makes more when you finance the purchase at a higher interest rate. A dealer may try to convince you that you’re getting a swell deal by offering you an extremely long loan term – sometimes as long as eight years – and a correspondingly low monthly payment. But over the course of a loan like that, you’ll pay much more than if you had gotten a lower interest rate and a shorter loan term from an independent lender.

It’s easy to save money on loans for autos

Depending on the price of your car and the length of your loan, the smallest reduction in an interest rate can save you hundreds or even thousands of dollars. Why throw that money away, when it’s so fast and easy to get the best possible financing by filling out just one loan application at Car Deal Expert?

Wondering what it takes to get a car-loan quote on the lowest auto loan?

Before an automobile lender will offer you a loan, you must satisfy certain minimum requirements. Minimum requirements for a loan vary from lender to lender, but all of them will require that you be a US resident of legal age with a valid social security number. Generally, they will also have minimum loan-amount requirements and certain standards concerning the age, condition, and mileage of the vehicle to be financed. Some will require a minimum down payment or trade-in vehicle value. If you have poor credit or no established credit, some lenders will require that you have a co-signer.

It’s easy to meet the minimum requirements of most auto lenders

Depending on the lender, other minimum requirements may include the following:

  • Time at current residence (some lenders require 30 days at your current residence, and others require up to six months’ residency)
  • Time at current employment (some require six months at your current job, but others may be more flexible) or proof of other regular income
  • Minimum monthly income (varies from $800 to $2000)
  • No currently pending bankruptcy case
  • No automobile repossessions (typically within the last12 months)
  • Verifiable personal references
  • Valid driver’s license
  • Bank account in good standing
  • Loan payment not exceeding a certain percentage of income (typically 18%)

Wondering about poor-credit auto loans?

If you meet a lender’s minimum applicant requirements, your credit score will be the single most important factor in determining how low your car-loan interest rate will be. It’s estimated that up to 75% of people today have compromised credit scores, so if yours isn’t perfect, you’re not alone.

It’s easy to get a poor-credit and even a no-credit auto loan

In most cases you can qualify for a car loan with bad credit, and even with no established credit. In fact, bad credit is one more good reason to apply for a car loan at Car Deal Expert. We work with lenders that specialize in bad-credit car financing. No matter what your circumstances, if you need a loan to buy a car, applying right here will maximize your chances of getting one. In all likelihood, you’ll qualify for a loan; but on the off-chance that you don’t, our application process is private and secure, so no one will know but you. And in the likely event that we can find you a loan, you can rest assured it’s best deal available.