myAutoloan Review

myAutoloan

Compare & save with up to four loan offers in minutes.

The money saved by price shopping on a car can be wasted on an expensive auto loan. But who has time to shop for a car loan? MyAutoloan does. Filling out one form can get you up to four loan offers to compare.

Cheat Sheet Advantages Features Limitations

A straight-forward way to get better loan rates

For most, getting a car loan is unbreakably tied to buying a car. Buy a car, get a loan. The problem is getting a car loan can be even more challenging than buying a car. Car loan rates vary widely from person to person because each lender weighs borrower qualifications differently. Finding the right lender for your circumstances is critical when looking for the best rates.

Some put more weight than others on credit scores. If you have less than perfect credit, you’ll likely pay a higher interest rate. Finding a lender who uses more than just a credit rating can help you qualify for a better rate. This is why having a spotty credit rating shouldn’t stop you from applying for a loan.
Some emphasize employment and income. Other lenders use annual income and job stability to help qualify borrowers for loans. If you have a stable income, that can be a powerful trait in helping you qualify for a better interest rate…with the right lender.
Other factors make an impact. Lenders may consider a variety of other factors when judging whether to issue a loan and at what interest rate. The value of the car vs the loan amount, the amount of down payment, if the borrower is currently in arrears on any loan payments and more. The point is lending money is not an exact science and each lender may use slightly different criteria when making a loan offer. That’s why comparing with My Auto Loan is so valuable.

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What gives myAutoloan the edge?

Many people will only apply for one auto loan and take what is offered. MyAutoLoan.com puts the borrower in control. Rather than applying for individual loans from separate lenders, one easy to fill out online application does it all. Lenders actually compete for your business and you can compare offers side-by-side. Perhaps best of all, there’s no obligation to select any offer that is presented to you. You have nothing to lose.

Get offers from lenders with money to lend. Lenders will often get an influx of cash from investors. These investors want their money to start working for them right away. This can result in more attractive rates for you.
Go beyond traditional banks. Bank loans can mean tons of paperwork and days waiting for a decision. MyAutoLoan uses a variety of non-traditional lending resources that can get you an offer right online, quickly!
Saves time and money. There’s no extensive paperwork and decisions are made promptly. You fill out a form, get offers in minutes and decide which offer works best for you. It is just that simple.

Have lenders compete

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Advanced features that make getting a loan easy

MyAutoLoan offers a variety of useful features that helps make getting a car loan simpler than ever. It is a convenient to use resource that helps put you in control.

Interest Rate Chart – See the lowest rates available for each particular type of loan that is offered.
Interest Rate Estimator – Check to see what interest rate you may qualify for without impacting your credit rating. You can get an idea of what rate to expect even before you apply.
Payment Calculator – Use your estimated interest rate to help determine just how much you can afford to spend on your next car.

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What could make them better?

My Auto Loan focuses strictly on car loans, not cars themselves. This can be an advantage and a disadvantage. There’s not much not to like.

Lacks car comparison info. This is not a major drawback, however, as there is plenty of car comparison information elsewhere on the web.
Could offer credit rating improvement tips. For those who may not qualify for a car loan or only qualify at high interest rates could potentially benefit from some helpful tips to improve their credit ratings.
Limited to four offers. While getting four offers just sitting at your computer is incredibly convenient, those wanting a thorough search may appreciate even getting more offers.

See for yourself!

Up to 4 auto loan offers

BENEFITS

Saves time: Rather than searching or calling multiple lenders, MyAutoLoan allows you to find a loan by filling out one easy form.
Money savings: When you have the ability to compare offers it results in saving money. Obviously most borrowers will accept the lowest rate or payment possible.
Puts you in control: With myAutoloan, you are in complete control. You compare offers. You can choose the offer that best fits your budget. If you decide, you don’t have to accept any offer.

Save Time…Money

Endorsement

Whether you are considering the purchase of a new or used car, comparing auto loan rates can save you significantly.This can be just as important as price shopping for the best deal on your car. MyAutoloan uses technology that allows multiple lenders to compete for your business. No mountains of forms and a quick response makes My Auto Loan an endorsed choice when securing your next car loans.

Benefits: Save time and money while having a more hassle-free car loan experience.
Advantages: You can discover lenders eager and willing to lend you money. Lenders compete for your business.
Features: A Loan Rate Estimator, Loan Payment Calculator and an Interest Rate Chart are all available to help you through the process.
Limitations: No car comparison charts, no credit improvement tips and limit of four offers.

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