If your car breaks down in a time slot and you do not have enough money for a new car, you may want or need fast auto loans. But you may have questions or feel you do not know enough to make sure you do not get ripped off, which is why we will be telling you the best way to go about this.
Call around banks, title loan places and credit unions, asking about getting a fast auto loan. Take notes and be sure to asks about taxes, policies and anything else that might raise your rates. Once have your notes, you can compare them and research the fine print. Make sure to find out what can make you disqualified from keeping your rates low. That way you can be proactive on what you will need to do and to avoid so they cannot raise your interest or rates.
Contact the ones on your list and ask for them to send you some info. That way at your own pace, you can read the fine print they might have not told you, etc. That way you see if they are worth your time and know which one is worth your time to apply. Remember that some will be checking your credit score during the duration of your loan, so you will want to know which ones will not give you penalties if your credit score goes down. These will be a good indication that they may not be a good choice to take the loan away.
It would be a good idea to ask a lawyer for advice and to read over the fine print. They can give you a break down on what the fine print means and give you advice on which ones you should avoid. You can also ask for a list of customers from the places that you are considering to take a loan from and ask them any questions or concerns you may have. That way you can hear it from their customers and know at least an honest opinion.
Next, make the list of semi-final banks or credit unions for you to pick from once you dig deeper into what they do and offer. Try to keep it at least up to 3, and not more, as that might make it harder for you to make the final pick.
Once your list is down to the very top of your picks you will need to weigh the pros and cons. Write them down and see which ones will be a safer option to choose and what might be the risk. After you have written them down, go over them and make your final 2 picks you will use to apply for the best new auto loan. You may want a list of secondary options if the first ones turn you down, so go ahead and prepare that list as well.
Then apply and wait to hear back.
