Lendfast.com - Current Auto Loan Rates

The truth of the matter is that until you speak with a reputable auto loan lender you will only be able to estimate your rates and payments. However, if you are just "kicking tires" then this may be all you need to get a good idea. We recommend the "lenders compete" business model below.

However, if you are going to buy a car and are close to "pulling the trigger" we suggest that you take a minute to consider your rate shopping options. Getting rates, payments and being able to lock your rate will put your mind at ease. Paying too high of a rate can rob you of getting that car that is just a little nicer, not to mention cost you more in the long run.

Get you financing at the dealer - I think we all know how this ends up. Most car dealers make as much money financing the cars as they do selling them. By in large, cars are an impulse purchase and most people fall in love with a car and wrap up the financing at the dealer. This can cost you thousands. Dealers sell their loans to the same type of direct lenders that you can find here at LendFast.com, after adding their mark-up.

Get your financing from your local bank - This is a better choice than the one above. However, banks are very rigid about how and to whom they loan their money. Meaning, they usually have program A, B and C, if these do not fit your lifestyle of budget, too bad. Not to mention they are less forgiving of credit blemishes and tend to use any excuse to move you to a higher rate bracket.

Use a dedicated auto lender or finance company - This option is basically the same option that the dealerships use, without the middle man. Basically these companies can offer the same flexible options as the dealers can with lower interest rates and fees. These companies are more forgiving of credit blemishes and more focused on your ability to re-pay the car loan. These are also the types of lenders that can get you into a new or used car with little or no money down.

The best way to get the dedicated auto lenders to give you their best deal is to have multiple quotes from 3-5 reputable auto loan companies. This way you can be sure that you are getting the very best terms, rates and fees on your car loan.