Auto Loans Guide

Car Loans: Cheapest Car Loan

Welcome to our car article on the cheapest car loan.  According to Kelley Blue Book's latest New Vehicle Buyer Attitude Study on vehicle finance options, seven out of 10 new car shoppers plan to research financing online and 54 percent plan to obtain financing prior to visiting the dealer while only 46 percent of respondents indicate that they intend to finance their purchase at the dealership, showing that car buyers are increasingly aware of alternate financing methods. The popularity of researching and funding loans outside of the dealership, often at discounted rates, could be a telltale sign for the F&I (Financing and Insurance) departments at local dealerships.

A key reason for choosing to obtain financing prior to purchasing a vehicle is for greater control in the negotiation process (36 percent). This contrasts with those planning to finance at the dealership who indicate convenience (33 percent) as a reason for doing so.

"The Internet empowers you to do the research yourself, so you can make an educated decision without having to rely on someone else to feed you information," said Joey Wright of Houston, who recently financed a new Toyota Highlander through Capital One Auto Finance online. "It gives the consumer a way to take control of the car-buying process, to find one of the cheapest car loans available."

With some more searching, you too can find yourself the cheapest car loan available.  For more information on the cheapest car loan or to find the cheapest car loan available on-line, choose from one of the links on the right to be taken to great cheapest car loan companies.

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