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Auto Financing Online (PDF)

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									Title:
Auto Financing Online


Word Count:
490


Summary:
Online financing makes getting an auto loan easier than ever, even if you have bad credit. One service has
dealers competing to see who can make the winning offer.



Keywords:
auto loans, car loans, online auto financing, bad credit car loans



Article Body:
More and more consumers are getting their auto financing online instead of from the dealerships where they
buy their vehicles. Getting auto financing from a dealership has some benefits:


• Convenience – vehicles and financing are in one place and the dealer is motivated to find financing for
buyers, no matter their circumstances.


• More options – a dealer’s relationships with a variety of banks and finance companies mean they can offer
a range of loans to fit a buyer’s credit rating.


• Special programs – sometimes dealers can offer manufacturer-sponsored, low-rate programs, but usually
only to people with good credit.


But getting auto financing online offers even more advantages:


• Certainty – buyers know how much they can spend before setting foot on a dealer’s lot.


• Clout – buyers with financing in hand are treated like cash customers and are in a stronger negotiating
position.


• Cash savings – because of competition, online buyers often get the lowest interest rate possible for
someone with their credit rating.


• Calmness – buyers aren’t subjected to the high-pressure tactics of a dealer’s finance department.


Shopping for your financing first can save you a lot of headaches. If you know how much money you’re
qualified to borrow, you can limit your search to a vehicle you’ll actually be able to afford. Why set your
heart on a Hummer when your checkbook says Hyundai.


Play it safe
Due to advances in Internet security, online financial transactions are for the most part safe and secure. Still,
The Federal Trade Commission offers the following advice regarding online transactions:


• Use a secure browser - software that encrypts or scrambles the purchase information you send over the
Internet - to help guard the security of your information as it is transmitted to a website. Be sure your
browser has the most up-to-date encryption capabilities by using the latest version available from the
manufacturer.


• Check the site's privacy policy, before you provide any personal financial information to a website. In
particular, determine how the information will be used or shared with others. Also check the site's
statements about the security provided for your information.


• Keep your personal information private. Don't disclose your personal information - your address, telephone
number, Social Security number, bank account number or e-mail address - unless you know who's collecting
the information, why they're collecting it and how they'll use it.


• Give payment information only to businesses you know and trust, and only when and where it is
appropriate - like an order form. Never give your password to anyone online, even your Internet service
provider.


A prime example of auto financing online at its simplest is www.preapprovedautos.com. Visitors to the site
can fill out a simple app, which is instantly submitted to reputable dealers in their area. The one with the
winning offer contacts the applicant with a pre-approved loan amount, usually within a few hours. The loan
quotes are free and the inquirer is under no obligation to accept the offer.




mortgage refinancing company

								
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