Wednesday, October 29, 2008

Where to Find Discounted Used Car Loans Online

By Michael Trusthold

Everyone knows that new cars come with a multitude of financing options. But not many people realize that used car loans are also available for buyers who don't want or simply can't afford to invest in a brand new car.

The high cost of getting a car on the road today can be answered with a used car loan. The huge number of auto dealers have such a wide selection of vehicles today, and many of them also sell financing to go with the car. Of course, the Internet has opened up the range of choices further, and sites with more than 100,000 vehicles for sale are commonplace. All makes and models can be purchased online.

Along with vehicle selection, there is a wide range of options for securing a used car loan online. No need to drive all over your town. Four of the best options for buying cars and securing loans are listed here:

Automotive.com -- Established in 1998, Automotive.com is one of the leading used car loan dealers in the world of automotive e-commerce. With a big selection of new and used cars, this Internet dealer can likely give you what you want, when you want it. Additional services allow you to shop for insurance and arrange used car loans, while you're choosing the vehicle you've always wanted. They'll also allow you to post your existing car and put the proceeds toward your new vehicle. Even if you have a history of poor credit, repossession or bankruptcy, Automotive.com has used car loans available to you.

CapitalOneAutoFinance.com " A popular place for securing used car loans online is also one of the biggest online lenders in the USA. The site offers tailored loan options for those who are seeking a loan for a new car or used car. The web-based application procedure is relatively painless, and response times are reasonable. Current loan rates are listed online, allowing you to calculate your rough monthly loan payment amounts in advance. Once you submit the form online, the staff will begin reviewing it for the approval process, and you will be contacted by your preferred method once completed.

AutomobilesCars.com -- This is a great choice for car buyers who have poor credit histories. The company claims to approve 94 percent of applicants, so almost every prospective car owner is able to get the financing they need for the car they want. The site has a secure, easy application process that is not intimidating. AutomobilesCars specializes in a very low cost used car loan service that targets first-time buyers or those who have had a credit history that includes repossessions, slow payments, or bankruptcy.

Automotive.com -- This site began operations in 1998, and has become of the Internet's best-known used car loan suppliers. They offer a very large variety of used cars and new vehicles, and have a record of solid sales. They also branch out into vehicle insurance, and of course, used car loans. Customers are also encouraged to sell their previous vehicles on the site, and the sales price can be applied toward the new vehicle. Automotive.com also works with clients who have had a bankruptcy or poor credit history, or those who are getting an auto loan for the first time.

The automotive industry has evolved in the past twenty years to the point that almost all newer vehicles are of a very high quality. Given that, many people now recognize that the huge depreciation of new vehicles in the first 2 months means that used cars are a tremendous value. Buying a good used car by way of a used car loan can mean a huge savings for the average person. And who does not like to save money with a purchase that is as important as a car? - 15432

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