By: Joseph Davis
Today’s car shoppers know that there are a range of financing options available for new cars. But did you know that that used car loans are also available? Indeed, for millions of buyers who can’t afford, or do not wish to buy a brand new vehicle, a used car loan may be the answer.
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.
Thankfully, a similarly large selection applies to used car loans online. You don’t have to travel all over town! Here are a few of the better options for you to buy a car and get a used car loan at the same time.
Edmunds.com — The first site has a large following of people who search for cars. The company offers many services, including used car loans. The concept of True Market Value is one of Edmunds inventions. The web site has hundreds of car reviews, and visitors can rate cars as well. Experts also chip in with advice that will help you to make a purchase decision. The site lists invoice prices for some vehicles, and always shows detailed specs for each car or truck. Photos abound, and you can spend hours hunting for your favorite vehicle, and making comparisons side by side. After you make a choice, the site’s software will allow you to set up an account and dealers nearby will contact you directly.
Edmunds.com — Yet another good site for comparison shopping for a used car loan. Any car shopper can benefit from the wide range of services offered by this online used car loans provider. One of their specialties is a concept they invented, called True Market Value pricing. They also have many car reviews, and consumer ratings, along with expert advice that will steer you along the path to getting a fair deal. The site also offers invoice prices, detailed specifications, and plenty of photographs to help you identify your need for a car, whether simple or luxury, or perhaps an SUV or truck if you require one. After narrowing down your options, just click on the free price quote area and Edmunds will provide dealer quotes from multiple dealers who will contact you.
Automotive.com – This is one of the most recognized sites for buying used cars and more recently for securing used car loans. There are many thousands of used cars for sale, along with new vehicles, and the company also offers a range of other services, including car insurance, loans, and background checks. Purchasers of new cars are allowed to sell their old vehicles on the site and have the sale price applied to the new purchase. Automotive.com can also help out many people who have a poor credit history, or no credit history at all, and help them get a car loan for the first time.
AutomobilesCars.com — If you are one of the many folks with a poor credit history, then perhaps this site is for you. With a claimed 94% approval rate, almost everyone is able to secure the used car loan they need. The straightforward application process is well designed. AutomobilesCars particularly aims to serve first-time car buyers or people who wish to purchase a used car but have had a bankruptcy or repossesion in their past.
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?
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