Auto Loans for Used Cars

Pre-owned vehicles provide a lot of value to auto loan shoppers all over the world, and while getting a brand new car can seem more sexy than getting a used one what is not exciting is the sticker shock that goes hand in hand with that new car smell.

17 million new cars were sold in 2006, but compare that number to a staggering 44 million used cars during the same time period; that means for every new car purchased, 2.5 used cars found a brand new home. The average price of a new car was $21,800.00 and the average price of a used car was $13,900.00, so with an average savings of $7,900.00 per used car it's easy to see why a pre-owned vehicle makes so much sense for anyone on a budget.

How to Get the Best Deal on Your Used Car Purchase

Begin with the numbers. Chances are you're working around a budget, so this ought to be your top priority when selecting your vehicle. Since the goal is to get the most bang for your buck, you ought to investigate as many financing options available to you as possible – this includes securing quotes from a few sources and picking the terms that allow you to buy more car (and less interest expense!)

After you've lined up your quotes & picked the rate that is most favorable to your budget, take a trip to the dealership of your choice and find a vehicle that fits within the boundaries you've set with your budget planning. A classic mistake make by many borrowers is the selection of the car before the loan – not the other way around! Determining your limits before browsing allows you to make intelligent decisions about your car or truck while you're shopping, not after; this is especially important since many car salesmen will use your desire for a car to get you to pay more than you had intended, thus lining their pockets and breaking your bank.

How Can We Help?

Our goal is to take as much pain out of the financial planning portion of the car buying process, so we've put together a system that does the bulk of the hard work for you. All you need to do is tell us a little about yourself, your car (if you've chosen one) and what kind of loan would fit your budget. We use this information to put together a list of loan offers from different lenders for you to review. The offers are listed side by side, making it easier for you to compare the offers to one another – ultimately, you choose the loan that fits your lifestyle best!