First, www.carloancredit.com is part of a network of bad credit car loan web sites founded by a third-generation car-selling family. Secondly, it's important for you to know that we only work through licensed, franchised auto dealers. We don't offer loans for refinancing, we don't offer loans for private vehicle sales between individuals, and we don't offer title loans.
Our online car loan customers wind up at local dealerships because that's the way the auto finance industry works: Eighty percent of all cars in the U.S. are sold this way, and that's just the environment in which we have to operate. Besides, outfits that work through dealers can get you a lower rate (as opposed to a credit card or unsecured type of loan).
Banks want dealers to focus on what they know -- selling cars -- so bankers can stick to what they know (making money off interest). You sign the RISC and the dealer shops it to lenders.
That's where we come in. Our dealers are electronically linked to hundreds of lenders, increasing your odds of getting a better deal. We also have years of experience with bad credit car loan customers, another advantage in your favor when it comes to dealing with lenders.
Here's something else you should know about online car loan sites: Almost all of them wind up steering you to a dealer.
So don't let a fear of fast-talking, high-pressure dealers put you off. The Internet has radically changed the way cars are sold, and with so much information now freely available, a lot of the old dealer tricks won't work anymore. Your being here shows you're already ahead of the curve, so go ahead and apply now.
