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Auto Finance | Top Companies: This Week's Reviews |
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| Services Offered:
Auto finance |
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| Company Overview:
HSBC was established in 1865. They are one of the
largest financial services companies worldwide, with
more than $1.2 trillion in assets. They offer
direct-to-consumer lending, as well as offering
financing through dealerships in 47 states of the U.S.
The auto loans for HFC and Beneficial, their
subsidiaries, are handled by HSBC as well. |
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| Our Review:
HSBC Auto Loans is a great auto finance company. They
have plenty of lending options and low rates for almost
all applicants. The website is simple to use and the
applications are easy to fill out. Plus, customer
service is excellent, which you would expect from a
company like HSBC. |
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| User Review:
Car financing is complicated stuff. Fortunately, I was
able to visit HSBC, who I’ve worked with before, and
find everything that I needed. Their auto finance rates
are so low, and their customer service is very friendly
and professional. I called with some pretty stupid
questions about things, and they were always willing to
help me without making me feel inadequate for having so
many questions. |
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| Services Offered:
Auto finance |
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| Company Overview:
MyAutoLoan.com was established in 2004. They are an
entirely e-commerce based company, and offer affiliation
with some of the top lenders in the nation for auto
loans. They are a subsidiary of Horizon Digital Finance,
LLC, which was founded in 2003 to provide
direct-to-consumer auto financing. The company is a
recognized leader in the online lifestyle financing
process, bringing the choice back to consumers. |
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| Our Review:
MyAutoLoan.com has plenty of great loan options for
consumers. They offer many different programs and great
rates for all types of people. The website is really
easy to use, and very well designed. Their customer
service is top-rate, as well, which is an added bonus. |
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| User Review:
MyAutoLoan.com helped me get a much better rate on auto
finance than the dealer was offering. I couldn’t believe
how affordable the payments were, or how much money I
was able to save by outsourcing my needs beyond the
dealership. I’ll never finance through a dealership
again. |
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| Services Offered:
Auto finance |
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| Company Overview:
Abacus Credit was established in 1998. They offer bad
credit lending for all types of consumers. All of their
communication is done through e-mail to keep things in
writing and in order at all times. The loans that they
offer are approved within 24 to 48 hours, and close in
less than 30 days in most cases. The company serves over
50,000 consumers each year. |
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| Our Review:
Abacus Credit is a great auto finance option for people
with less than perfect credit. Their network of lenders
works with almost anyone, making lending much easier
than it ever has been for all types of consumers. Their
customer service is great, as well. |
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| User Review:
Abacus Credit was great. I have really bad credit, but I
needed a work car. I found one that I wanted for about
$5,000 and Abacus Credit was able to get me an
affordable auto loan for the purchase. I am so glad that
I worked with this company, because they were so
helpful. |
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| Services Offered:
Auto Finance |
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| Company Overview:
Bank of Internet was the first online-only bank to come
into business. They were founded in 1999, and currently
have more than $1 billion in assets. The company is
FDIC-insured, like any bank should be. They also have
better rates on their products, including auto finance,
since they operate online-only. They also work with
customers all over the nation. |
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| Our Review:
Bank of Internet is still one of our favorite lenders.
For auto financing, they have many different programs
for all types of consumers. They have a professional and
easy to use website, and offer so many resources so that
people can get exactly what they need. Plus, the
customer service is great, which is essential. |
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| User Review:
Bank of Internet had great options for my auto finance
needs. I wasn’t sure about working with a company that
was only online, but once I saw all they had to offer, I
was sold on their services. Now I can get exactly what I
want at the dealership and trust that I’ll be able to
afford the payments. |
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Other Top Companies for
Auto Finance : |
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Capital One Auto Finance
Address :
PO Box 260848
Plano, TX 75026-0848
Phone :
800-689-1789
http://www.capitalone.com
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Bankrate.com
Address :
11760 US HWY 1 Suite 200
North Palm Beach, FL. 33408
Phone :
561-630-2400
http://www.bankrate.com
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National City Auto Loans
Address :
National City Center
1900 East Ninth Street
Cleveland, Ohio 44114
Phone :
888-622-4932
http://www.nationalcity.com
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Wells Fargo Auto Finance
Address :
P.O. Box 29704
Phoenix, AZ 85038-9704
Phone :
877-932-2886
http://www.wellsfargo.com
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Finding Auto Finance Options: |
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There are many
different places that you can turn to for your auto
financing needs. If you’re not sure of your options, you
need to take the time to research what’s out there and
make the most of it for your specific needs. By doing
this, you’ll be able to be better informed and more
prepared for the world of auto finance. The first rule
is that if you can’t afford a car, you shouldn’t buy it.
This might seem obvious, but many people do whatever
they can to find a way to afford a vehicle that is far
too expensive for their budget, including getting loans
that extend for far too long and even paying more than
they should just because they like the car. The worst
thing that you can do is walk into a dealership with no
financing in place, and not have a firm understanding of
what you want to spend. For starters, get pre-approved
for auto financing before you even visit a dealership.
This will give you a better idea of your budget. Also,
you should learn to stand your ground and never pay
sticker price for a vehicle. You should be firm in your
bargaining, so that the salesman knows that they aren’t
going to sell you a vehicle unless they give you exactly
what you want and need. For example, if you are looking
to spend less than $14,000, and the car that you find is
sticker priced at $17,995, you should be able to talk
the dealer down or move on to a different vehicle. Play
hard to get, and you’ll likely get the deal that you
deserve. It might seem silly to walk away or even walk
out of a dealership empty-handed, but this will show
them that you’re serious, and their desire to sell you a
car will likely allow you to get the deal that you want
when you do this. If you act like you don’t care whether
you get the car or not, but let them know that you do
like it, you’ll be much better off than if you appear
desperate and willing to do whatever it takes to get
that car. If you don’t get auto financing before you go
into a dealership, you should still stand your ground
and be firm in what you want to pay. For example, tell
them that you only want to pay ‘x’ amount for a monthly
payment for the car that you are interested in, and
don’t budge. This will make them work harder to get you
the auto finance that you deserve, because they know
that they can’t take advantage of you or talk you into
something that you can’t afford. As long as you take the
time to consider these things, you’ll have no trouble
getting the auto financing and the car that you want.
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