If you had to take a guess, where would you say is the place to find the best car loan interest rate or a low interest auto loan - a car dealership or an independent lender? If you answered "an independent lender" you are right on the money. Dealerships have nothing to gain by offering you good car loan rates-they know you want the vehicle and that you will probably settle for whatever terms and rates they offer you. Online auto finance companies, on the other hand, provide you with a large selection of lenders so that you can shop around for the best rates.
Applying for auto financing online is an easy process and can be done in a short amount of time from the comfort of your own home. Once you are approved, your lender will let you know up front about your exact vehicle rates. You'll also receive a blank check voucher in the mail within one business day. You'll know the exact amount of your spending power before you go to a dealer so that you can enjoy the power of a cash buyer.
For most financing companies, your FICO score will be the key factor in determining what your credit rating is. So the higher the FICO score, the better of a credit risk you are considered to be. When you have a good FICO score you are much more likely to get the best vehicle rates possible, and that's important when you're shopping for a vehicle.
Even if you end up getting financing from a dealer, you can still get a lot of valuable help and information from an online vehicle finance company. When it's as easy as filling out a simple application from the comfort of your own home, what have you got to lose?