The excitement of buying a new car can be quite something, and if you’re financing the purchase, finding some of the best auto loan rates for your credit situation may make that feeling even better.
A wealth of financing options and interest rates that vary from lender to lender mean some careful loan shopping can be a good idea.
Everyone’s financial circumstances are different and auto finance calculators can be useful tools to get you in gear on your loan-shopping journey. They provide opportunities to estimate factors like how much car you can afford and what your monthly payments might be based on the figures you enter, including interest rates and other terms. Online lender RoadLoans has an auto loan calculator and a range of other finance calculators designed to help.
Where you might find some of the best auto loan rates
While it may not be possible to guarantee you’ll find some of the best car loan rates during your search, these options could assist you.
Comparison sites like LendingTree.com can be useful places to start as they provide a selection of car loan rates in one place. They may throw up results with a mix of lenders, including large banks, but you don’t have to stop there. If you’re shopping around you can check out other options like credit unions, which operate on a non-profit basis; dealerships, which may offer low rates passed on from auto manufacturers for new cars; and online lenders.
As an established online lender RoadLoans aims to give you a smooth ride. It provides a quick and convenient process in which you can apply for financing in just a few minutes and receive a decision in seconds. If you’re approved, just download and print your loan packet and make tracks for the dealership to shop for a vehicle. Preapproved financing gives you the chance to shop with the confidence of a cash buyer, choosing your car knowing the loan arrangements are taken care of.
RoadLoans has provided car loans to thousands of qualified applicants with a range of credit situations and specializes in bad credit auto loans.*
When you’re ready to get started, apply for financing and get an instant decision.
* “Bad” or “Poor” credit generally is considered a FICO score around 600 and below by sources including the Consumer Federation of America and National Credit Reporting Association (reported by the Associated Press), Bankrate.com, Credit.com, Investopedia, NerdWallet.com and others. The Congressional Budget Office identifies a FICO score of 620 as the “cutoff” for prime loans. FICO scores are not the sole factor in lending decisions by RoadLoans.com and Santander Consumer USA.Written by: