Online Lenders Can Save You Money, Offer Faster Service
According to a study by CNW Market Research, approximately 63 percent of Internet users who are likely to purchase a new car would prefer to finance online rather than at a dealership, local bank or credit union.
But does the thought of shopping for a loan over the Internet make you a little timid? Do you question the security and reliability of the site? Or were you unaware that online financing was even available?
What Sets Online Lenders Apart?
While searching for auto loans has previously been limited to banks, credit unions or dealer financing, online banks tend to offer some good deals and allow you to research vehicle loans from your home or office with peace of mind. Since online lenders tend to offer lower rates and quicker approvals than banks, they're worth checking out.
As one of the first lenders to provide loans for new or used vehicles online, PeopleFirst.com offers a simple and secure
application, a response within 15 minutes during business hours and
competitive rates. You can further reduce your interest rate with PeopleFirst by choosing the automatic payment plan. Plus, the company goes one step further than pre-approval by giving you a Blank Check® that you use (up to your approved loan amount) to pay for your car, eliminating the time you would spend at the bank and reducing your time at the dealership.
While most consumers invest their time researching the vehicle they want to purchase, they often overlook all the financing options. Finding the best loan may not be as fun as test driving your new vehicle but with a little time, researching your financing options online can save you more time and money at the dealer.
Blank Check® is a registered trademark of PeopleFirst Finance, LLC.
Know your Credit
Know your credit history before you apply for any loan so you can avoid any surprises and possible delays when you apply for financing. Correcting any errors or discrepancies on your report before you apply could result in a lower interest rate, saving you money.
You can order a copy of your report on the Internet or by phone from the three major consumer-reporting services.
Equifax:
www.equifax.com
800-997-2493
Experian:
www.experian.com
888-397-3742
Trans Union:
www.transunion.com
800-888-4213
