Best place on net for car loan
#1
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Best place on net for car loan
Special Ordered an IS350 bak in April. Got VIN# 2 days ago and delivery scheduled for July 6th-16th. Time to find out the best internet car loan available to compete with Lexus financing at the dealership.
So what wesite has the lowest interest rate for a car loan?
So what wesite has the lowest interest rate for a car loan?
#2
Lexus Test Driver
Originally Posted by VitB6
Special Ordered an IS350 bak in April. Got VIN# 2 days ago and delivery scheduled for July 6th-16th. Time to find out the best internet car loan available to compete with Lexus financing at the dealership.
So what wesite has the lowest interest rate for a car loan?
So what wesite has the lowest interest rate for a car loan?
Most banks and credit unions that have websites will accept loan applications on their websites. Are you referring to that type of thing? For example, I just checked my credit union's website and they are offering car loans at up to 60 months for 4.70% for borrowers with Tier 1 credit.
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I have no access to a credit union.
Capital One Auto Finance seems good. How does it work? They give you a blank check and you take it to the dealer and pay with it? If I use Capital One do I need to take it to the dealer in advance of delivery?
Capital One Auto Finance seems good. How does it work? They give you a blank check and you take it to the dealer and pay with it? If I use Capital One do I need to take it to the dealer in advance of delivery?
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#9
Lexus Test Driver
Originally Posted by VitB6
I have no access to a credit union.
Capital One Auto Finance seems good. How does it work? They give you a blank check and you take it to the dealer and pay with it? If I use Capital One do I need to take it to the dealer in advance of delivery?
Capital One Auto Finance seems good. How does it work? They give you a blank check and you take it to the dealer and pay with it? If I use Capital One do I need to take it to the dealer in advance of delivery?
By the way, you did not say what rates are being offered by your dealer.
Good luck!
#10
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VitB6 - the way Capital One works is that you request a specific amount from them (request a little more to be safe). They then FedEx you a check, and then you take your "Blank Check" from Capital One to the dealership and drive away with the car. I like buying this way because it gives me a little more leverage ("This is all I'm going to pay. Period.") and I find the dealerships are more likely to deal when there's a check in my pocket. Good luck!
Javier
Javier
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There are credit unions that will allow you to sign up for $10 and just require you to keep $20 in a checking account, requirement is that you live in their city, etc.
https://www.yourcreditunion.com/
https://www.yourcreditunion.com/
#12
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I went with Costco as well.............Lexus Finacial could not come close to the rate I got. I provided them with the doccumentation and they said, sorry, we just can't match that rate....
I second the credit union thing.....I found out I could have had .5% lower rate with the CU near my work.... se la vi.
I second the credit union thing.....I found out I could have had .5% lower rate with the CU near my work.... se la vi.
#14
take a look at bankrate.com. you can sort by apr % for hundreds of loan originators. one thing, I tried to use CapitalOne auto loan to get my Lexus. I got everything squared away and went to buy it.... they wouldn't take it. It was one of those "blank check" things; you apply for the loan and they overnight the "check" that you fill sign over to the dealer. My saleswoman told me though that it's not really a check but a draft. CapitalOne doesn't make the money immediately available to the dealer and they didn't like that. However, Lexus Financing worked with me and matched my rate (5.65%) once I submitted documentation that another provider was going to offer me that rate.
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Originally Posted by VitB6
Special Ordered an IS350 bak in April. Got VIN# 2 days ago and delivery scheduled for July 6th-16th. Time to find out the best internet car loan available to compete with Lexus financing at the dealership.
So what wesite has the lowest interest rate for a car loan?
So what wesite has the lowest interest rate for a car loan?
Use this site, they'll give you the best rates available from different lenders. Definitely recommended
http://www.thelendingtree.com/versio...defaultv5.asp?