A lot of people who need to buy a new or used car find themselves in an interesting position. When the financial markets crashed back in 2008, things changed quickly. It made getting an auto loan a lot more difficult. Most families cut back on what they considered “like to have” and held onto their money. Others just didn’t understand how to get a car that they could afford and ended up with either too high of a monthly car payment or a car that was much more expensive to own than they could afford.
The recession was tough on families. Millions of people ended up without a job. Although things have gotten better, they are not where they should be. Interest rates have dropped and there is an opportunity to improve your transportation situation by getting a current car.
The biggest mistake that many people make when they are trying to get a car loan is that they don’t think realistically about what they can really pay each month. This is what happens when you let emotions carry you away because the car salesman oversells you on what you need. So what you need to do is think and plan in advance, before going to the dealership.
The best way to begin the car financing process is to go in with a particular price that you can afford and use a payment calculator to provide you with an estimate of what your maximum out-the-door price should be. You can then research the cars available at this price which will make your shopping smarter. You will know ahead of time which vehicles are worth taking home and which ones are either poorly made or overpriced. This is an essential step.
When it comes to financing a car, it’s most convenient to go online. If you want to compare rates and terms that best fit your needs, there is no better way to do so than to investigate your options before you go to the dealership. Without a doubt, you are going to find the most affordable payments on the internet, especially at myAutoloan.com which does the shopping for you. With just one application you can get up to four loan offers to choose from. Enjoy the convenience of doing your financing research online and find out how easy it is to make a good choice that works for you.
It’s always nice to be recognized. Our goal is to provide the same positive choice, all across the USA.
FOR IMMEDIATE RELEASE
myAutoloan.com Receives 2014 Best of DFW Texas Award
DFW Texas Award Program Honors the Achievement
DFW TEXAS June 5, 2014 — myAutoloan.com has been selected for the 2014 Best of Dallas-Ft. Worth Texas Award in the Automobile & Consumer Finance Companies category by the Dallas-Ft. Worth Texas Award Program.
Each year, the Dallas-Ft. Worth Texas Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Dallas-Ft. Worth Texas area a great place to live, work and play.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2014 Dallas-Ft. Worth Texas Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Dallas-Ft. Worth Texas Award Program and data provided by third parties.
About Dallas-Ft. Worth Texas Award Program
The Dallas-Ft. Worth Texas Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Dallas-Ft. Worth Texas area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.
The Dallas-Ft. Worth Texas Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.
SOURCE: Dallas-Ft. Worth Texas Award Program CONTACT: Dallas-Ft. Worth Texas Award Program
We’re often asked about Social Media and where can myAutoloan.com be found? Certainly there are a lot of social media outlets, currently we focus on three of these while still maintaining a presence on several others. Our focus is with Twitter (currently over 30k Followers), Facebook (currently over 11.4 Likes) and Pinterest. On all three we provide relevant auto finance and refinance lending information such as current interest rates and loan terms. We present specific vehicles consumers may be interested in buying and financing with the estimates sales price, a price that any franchised automobile dealer may sell the vehicle for. We connected this to table showing results of various interest rates, loan terms and payment amount outcomes. Additionally, we share consumer related industry news, trends and events. This information is relevant and can help any consumer negotiate a great auto finance or refinance deal.
On the lighter side, we run across “things” that just make us laugh out loud. We can help but share, hope you enjoy!
What Your Interest Rate?
FAQ’s on Interest Rates
The most often asked question we hear from our customers applying for an auto loan or refinance auto loan is, “If I apply what interest rate will I be approved for?” Interesting question with so many answers. First, you have to actually apply before we or any lender would really know. No reputable lender can answer that question without you actually applying and pulling your credit report and credit score.
At myAutoloan.com we’ve built a tool to help answer this question. Our Interest Rate Estimator tool calculates probable auto loan interest rate outcomes based on four quick questions. This tool returns a range of interest rates from Lowest APR to Highest APR along with the Average APR for your credit type all based on recent data. With this Interest Rate Estimator tool you will have a good understanding of where you stand with us and the many lenders represented on our marketplace lending platform. Additionally we publish our Today’s Lowest Rates chart that provides you with the lowest possible interest rates segmented by loan type and by loan term that you can obtain when applying at myAutoloan.com.
Second most often asked question is, “I know my credit score, what will my interest rate be if I apply?” Credit score also known as FICO score is not indicative or directly related an interest rate. Most lenders today utilize custom score cards, meaning they analyze your application attributes along with your credit report and historical customer behavior data to calculate their own score. This custom score is directly related to the interest rate, loan term and conditions a lender may use to decision your loan. Once again our Interest Rate Estimator takes a similar approach and provides you with a range of possible interest rate outcomes.
We hope you find this information helpful. Remember you can apply online at myAutoloan.com at any time online 24/7.