Category Archives: Updates

Used Auto Loan From My Auto Loan

Getting an auto loan is not a difficult thing; however, finding a suitable automobile for use is one. If you have shortlisted your options or you have decided which car to buy, you can move ahead with the loan process. Auto loans are available for new and used cars alike. However, the interest rates may vary depending on the type of the car. Used auto loans are expensive as compared to those for new automobiles.

Things to consider when buying a used car

Before you decide to buy a used car, make sure it is in good health. You can get the car checked by a trusted mechanic or technician. Ask the seller of the car to bear the check-up cost. Finding a used car that is in good condition is an important aspect to getting a used auto loan at minimum interest rates. So take some time to find a suitable option. When you buy such a car, get extended warranty for it so that you do not have to bear expenses for unexpected things happening with the car.

Credit report – why it matters?

Check your credit report and see if it is in good shape. You can get the same for free online from the reporting agencies. A good credit report assures the lenders that you will repay the loan in time. It also helps in getting lower interest rates than otherwise. If your credit score is in a bad state, wait for some time and try improving it. Get the updated credit report and use the same for applying used auto loans.

The Need for financial planning

Whether you buy a used or new car, what is important is that you know your expenditures well. Make a chart and write down the basic expenses. Apart from the basic expenses, you should save some extra money towards miscellaneous expenses. When this is done, you will be able to get some idea as to how much you will be saving after paying for the necessities. Now, use the payment calculator on the site and get the estimate on the amount you will be paying towards installments each month for a certain loan amount. If the amount fits your monthly budget, you can go ahead and start the application for auto loans.

We at My Auto Loan make efforts so that we can advise our customers to make the best decision when it comes to securing a loan for their automobiles. You are welcome to some discussion if you need further assistance for getting a used auto loan. For your convenience, majority of the terms for loans are mentioned on the site along with the interest rates for a period of 36 – 72 months. If you had like to know more about the options in detail, you can contact us and we will assist you further with your inquiry. We respect the privacy of our customers and hence take every possible measure to keep it safe. We are accredited by Better Business Bureau and provide services in 48 states.

MyAutoloan Finance Company Granting Lenient Auto Loans

For those who may be interested in procuring an auto loan, the auto loans service provided by myAutoloan Finance company is unparalleled in various aspects.  It is an online-based company that enables customers to procure financial assistance when buying an automobile.  The efficient organisational framework of this company ensures immaculate customer care and a pleasant experience.

The company offers a swift and easy procedure for loan application. A customer can apply for a loan online and opt for the suitable loan category that may apply to them.  The company facilitates customers in financing them when buying a new or a used car.  If one intends to buy a brand new vehicle, he or she must opt for a new loan, and accordingly when intending to buy a used vehicle.  The company has comparatively lower interest rates than other companies and is hence, a better option for those who may be looking for assistance in getting a new automobile.

Like all auto loans, the loans offered by MyAutoloan Finance are liable to be paid within about 3 to 5 years, depending upon the agreement that one has agreed to.  The best thing about the company is that it does not charge anything at the time of application.  Compounded by this feasibility is the assistance provided by their staff.  A customer is further facilitated by on-duty loan specialists who can better guide a customer about the best arrangement for a client depending upon one’s credit situation.

Prior to granting a loan, a finance company customarily scrutinises a customer’s credit history in order to know whether it would be a wise decision to dispatch finance to a client.  On the contrary, myAutoloan provides immense leverage to customers with a bad credit history.  However, understandably, the company charges slightly greater interest as security of repayment.  The interest rate may be cut down if a customer chooses to pay part of the money as down payment to the dealer

As compared to other companies, myAutoloan facilitates customers who have previously sought the company’s services in buying a car.  The auto finance loans offered by the company help a customer procure a new loan at a lower interest rate since the company would provide them consideration for having taken a loan previously.

In order to provide insurance coverage to customers who are intending to buy a car, the company has contracted agreement with several different insurance companies.  It is mandatory to have an insurance quote before one can qualify for an auto loan.  Therefore, the company further facilitates its customers in helping them find an insurance plan that is affordable.

Evidently, the online initiative of Finance company has greatly facilitated people in obtaining a loan.  The terms and conditions concerning auto loans are fairly lenient.  A customer has the liberty to repay the amount within a maximum of 5 year duration.   He or she may also draft out a monthly payment plan so that the interest rate does not become a financial strain upon the customer.

Follow us on:

myAutoloan executive team attended NAF Association 12th annual conference in early June 2008

NAFA stands for Non-Prime Auto Financing Association. The 12th annual conference was held in Fort Worth Texas June 4th through June 6th at the Renaissance Worthington Hotel. NAFA chose Ft Worth because of its proximity to several auto finance companies in the metro area., HSBC, Roadloans, Triad, AmeriCredit, CitiFinancial Auto, Capital One Auto Finance, Santander (formerly Drive), just to name a few that attended from the local area. Our executive team met with several partners and potential partners and attended many presentations. The presentations and panels offered information regarding the current state of the economy, the used car market, legal updates, remarketing and more. The insight learned, and contacts made are sure to help myAutoloan create and maintain great partnerships. 

myAutoloan Gives Back Announces Philanthropic Initiatives for 2008. When you give you receive. We all know that saying. No matter how hard we work during the week. No matter how many projects fill our plates. We still manage to give back to our community. What a great place to work.

To read more about view the official press release on PR Leap.