Below are the ten best sources for car loans. (They are not rated from one to ten as all of them provide great services.)
1. Bank of America Auto Loan:
Bank of America is one of the world's largest financial institutions while simultaneously being one of the best car loan sources. Their website is extremely user-friendly and secure and the auto loans are processed easily.
2. U.S. Bank Auto Loan:
U.S. Bank Auto Loan is one of the best and most secure car loan sources that is endorsed by the Better Business Bureau. This means they follow the rigid guidelines set down by the BBB. It is easy to determine whether you’re qualified within a few minutes.
3. Chase Auto Loan:
Chase is another good source for car loans, and they too have a friendly site that caters to individuals who aren't quite familiar with how the process works. If you are looking for a car loan with competitive interest rates, then apply online immediately. You’ll probably receive your loan check by overnight mail after you complete your loan documents.
myAutoloan has one of the lowest APR’s around — 4.25%. This company provides total guidance and customer service from the beginning to end through the auto purchase process.
5. Capital One Auto Loan:
The benefit of using a Capital One car loan source is that you can use it for both used as well as new cars. The rates of interest are as low as 5.44%. They also provide refinancing of auto loans. The entire process, from filling the application form to getting approved online, takes only a day or two.
6. Lending Tree Auto Loan:
LendingTree is the only source where lenders compete for your business and you get to choose the car loan that is right for you. They provide you with great rates and terms and put you in complete control of the borrowing process.
7. Nationwide Auto Loans:
Nationwide is another one of the best car loan sources that is accredited by the Better Business Bureau, which means that it provides good customer service. Other noteworthy features include their tips and advice on car buying.
8. Autoloan Locator:
AutoloanLocator.com provides customers with a number of different features, including the possibility of being approved in 72 hours or less. This car loan source is also accredited by the Better Business Bureau.
9. Wells Fargo Car Loan:
Total customer service along with a huge amount of information is provided to the auto buyer to help them make a decision. Wells Fargo also provides many other features that make the auto buying process go smoothly.
10. Driver Loans:
DriverLoan is a popular online cheap car loan source. They make it fast for almost anyone in the United States to get their loan approved. The auto loan application takes just about 60 seconds to complete.
When you are considering an automobile loan, it’s important to look very closely at the different car loan sources available and evaluate each one according to your individual needs.
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