Should You Apply for Auto Loans with Independent Dealers?

A large percentage of consumers use auto loans as way to buy a vehicle and help establish a good credit score. Most find that banks loans and auto financing terms from credit unions provide the best finance options, but they are not the only ones. There are plenty of independent dealers that offer auto loans with the best rates to people in your area.

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What are Independent Dealerships?

Some might think that car loans from independent dealerships means that you will have to do business with a buy and pay here dealer or a tote the note car lot, but that is not the case. In fact, an independet car lot is one that strictly offers great deals on used vehicles and have no affiliation with a new car manufacturer. This type of loan company has continued to grow in popularity as they are normally local establishments that are known to have closer ties to their community and can make bad credit auto loans easier than most.

Now just because the average independent auto loan company is often times a locally based establishment does not mean that some of them can't be a well known franchise as well. For example, dealerships like CarMax and Auto Nation can be found everywhere but are still considered to be indpendent.

The Benefits of Auto Loans

So what are the benefits of applying for auto loans with these types of lenders? The truth is that consumers can possibly get a better auto financing loans opportunity that will help you save additional money on payments and rates. How might you ask? The answer is in an independent dealers ability to offer lower priced used cars, which usually require smaller loans. This allows for your payments to shrink and helps you pay your loan off a bit faster than normal.

Car buyers can also look forward to some of the other benefits that come along with most independent dealers, such as:

How AutoNet Financial Can Help

Clearly AutoNet Financial is not an independent dealer that offers auto loans, but we can still help you. By using our online auto finance application you can pre-qualify for a loan before visiting a dealer. We will also suggest the best dealers in your area that can offer you the perfect loan for your financial situation.

AutoNet Financial is different than most online bad credit car loan companies as we offer free auto loans and credit services.