| Consumers buy a new or used car with poor credit | | | | Purchasing A Vehicle |
| everyday. By using an outside lender, you can be | | | | With your blank check in hand, you can negotiate |
| assured you are getting the lowest rates on your car | | | | better offers from dealerships. Many times there will |
| loan and put yourself in a better position to leverage | | | | be promotional offers that include rebates or special |
| for rebates and extras. | | | | financing. Opt for the rebates since they usually will |
| Shopping For Car Loans Online | | | | save you more money than the special financing offer. |
| Online car loans make comparison shopping a snap. | | | | Also, negotiate for additional features since you have |
| You can choose to go to individual car loan lenders' | | | | cash in hand. Remind salesperson you can afford to |
| websites or use a car loan broker site. Car loan broker | | | | look at other dealerships. |
| sites will provide multiple quotes on auto loans from | | | | Online car loan lenders qualify you to borrow up to a |
| several different lenders. Going to individual car loan | | | | certain amount, but you decide on the exact amount. |
| lenders' websites takes more time, but will give you the | | | | When you settle on the price for a vehicle, you fill out |
| same results. | | | | the check and additional forms. Depending on your |
| Applying Online | | | | lender, you have between 45 and 60 days to sign |
| Once you have picked a car loan lender, you can | | | | over the check. |
| apply online and be approved within an hour. By using | | | | Refinancing Options |
| technology, car loan lenders have made the process | | | | Car loans can now be refinanced much like a |
| more efficient, reducing time delays. When you are | | | | long-term debt. So if you have bad credit, plan on |
| approved, you will be sent a blank check within days | | | | improving your credit score. After two years of regular |
| to go car shopping with. Your blank check is like | | | | payment, you can qualify for lower interest rates. The |
| shopping with cash. The car dealership doesn't know | | | | process is the same as shopping for a regular car loan |
| your credit history, so they are willing to offer you the | | | | and can be handled conveniently online. |
| better deals. | | | | |