So you're eager to find a new car, or you're desperately in need of a vehicle to safely and quickly take you from point A to point B. Or maybe you've moved into an area where public transportation is out of the question: it's ineffective, or it takes too long, or maybe it doesn't even run where you live. You're ready to buy a new vehicle, and you need the money fast. Fortunately, there are instant auto loans available to help you get the money you need to purchase a new car in a short time frame.
In the past, when looking to get an auto loan, you would have to go from bank to bank, or from dealer to dealer, searching to find someone who would either lend to you or offer you the best rate possible. These days, however, there are many online companies that specialize in offering an instant car loan to borrowers. Read on to learn more about how to get instant auto loans.
Search online to find a reputable auto loan lender who offers instant auto loans to borrowers. There are many such lenders available online, but you want to make sure that they have a good reputation and will not practice predatory lending, in which they charge you ridiculously high fees and interest rates. Research any lenders you find and pick the one that has the best reputation.
Fill out their application with any necessary information. Usually this will take about 10-15 minutes, depending on the questions asked by the instant car loan lender. Once again, you want to make sure this lender is a reputable one, since you will be giving very personal information, such as your name, address and SSN.
Determine the amount you want to spend on your new car, as well as for how long you want to repay your instant car loan. Make sure you are financially prepared to pay back your new loan when necessary. Usually it's better to choose an amount that's a little higher than you want to pay, since you will have to factor in sales tax and other fees not included in the car price.
Wait for approval. Instant auto loans are not really "instant". Usually approval will take about 1 day, or -- if you fill out the application early in the morning -- sometimes in the same day.
Check your mail the next day. Usually, once your application has been approved, a package is sent with the check and any other paperwork that will need to be submitted after purchasing your new car.
