Frequently Asked Questions about Automotive Finance Services

Here are the answers to some of the most commonly asked questions about automotive finance services.

Is there an application fee to apply for automotive finance services?

No, our application is completely free. It is secure, easy, and can be filled out in a matter of minutes. Once you complete the application, you will be given quotes from multiple major lenders.

What automotive finance services do you offer?

We offer a variety of services, including new car loans, used car loans, and car refinancing.

Is this site run by a lender?

No, we are a medium that connects consumers with lenders. Think of us as a free referral service. We are here to provide you with quotes and let you decide which lender is right for you.

Should I buy a new car or a used car?

Both options come with benefits and drawbacks. With used cars, you will save an average of $13,000 on the price of the vehicle. You will also take a less significant hit in depreciation on your car. On the other hand, new car loans usually have better interest rates and terms than do used car loans. Price out a couple of different options to see which is right for you.

Isn’t it easier to finance through my dealership?

Easier, maybe. Cheaper, no. Dealerships are notorious for bilking car buyers on financing terms. A dealership might be the best place to buy a car, but it is not the best place to finance a car. By going through a third-party lender, you will save on interest rates, monthly payments, and will probably also get better loan terms.

How do your automotive finance services work?

We function as a one-stop-shopping site for consumers in the market for automotive finance services. You fill out one quick and easy application and receive multiple car loan quotes in return. You compare these loans using our side-by-side format and decide which lender is best for you.

What kind of down payment should I make?

No matter what kind of down payment you want to make, we can probably offer you a lender that will work with you. In terms of what is advisable, though, experts recommend making a 20% down payment. This is wise because it prevents you from ending up “upside-down” in your car loan, meaning you owe more than the car is worth. By making a significant down payment, you essentially pay for the first year’s depreciation up-front.