With a secure job and a regular monthly income, it should be easy for most people to save up cash. Of course, savings are meant for a rainy day but for buying a car, there is no need to empty your precious savings. There is no cause for worry even if you have a not-so-good credit record in the past. With today’s booming market for new auto loans and used car auto loans, the auto loan lenders are leaving no stone unturned in assuring the applicant of their guaranteed auto loans.
Get to dealerships for assured loans
The best auto loan lenders to provide guaranteed auto loans seem to be the dealerships. Although the dealers are themselves not lending any money, they put the borrower to talk with some of their own contacts. These dealerships know all about your car purchase and can hence, put you in contact with the best auto loan lenders for your financial needs. Whether you are buying from auction or from a retail dealership, you have guaranteed auto loans of all types, be they used car auto loans or new auto loans. But the terms and conditions may slightly vary based on various factors including the credit score of the borrower.
The plus point is that you are their customer and hence, they are somewhat obliged to find you the best used car auto loans or new auto loans. Also, you get faster loan approval and better rates of interest even if you have a poor credit record. You also get loans tailor-made for your convenience while not putting the lender at risk. Why hunt for other sources when your dealer can get you guaranteed auto loans?
Get online for guaranteed loans
Log in to some of the best web sites for all your financial loan needs. Every borrower is hopeful of getting guaranteed auto loans online, with a bad credit record even! Banks, private lenders and auto loan companies and retailers all have their own web sites where the loan applicant can put in his requirements and details to get free quotes from various lenders to choose from. Automated loan calculators are available to make things easy. Thus, even if you have never taken a loan before, you can get safe, convenient and guaranteed loans over the internet.
The general procedure
- Get online to those trusted sites that offer guaranteed auto loans and fill in a basic application form with the required details of income, loan requirements, contact details and income proof, together with any bank statements or credit report if asked.
- Get your free quote from the lender or calculate the probable rate of interest using the online auto loan calculators.
- Compare quotes from different sources and select the one that suits you.
- Negotiate for variations in the proposed scheme and fix up the details and complete formalities after you get the nod from the lender.
Forget hurrying into the first option and wait for the best. Be aware of your needs and your capability to pay back the loan. Be realistic in expectations, even if there are guaranteed auto loans.