home | banking | car | college | credit/credit card | economy | home/mortgage | insurance | investment | retirement | spending | tax | et cetera

December 27, 2004 07:00 AM

It Pays To Surf For Auto Loans Online


Excerpt: Thanks to a new wave of online offerings, you could land the auto loan you want without setting foot in a bank or credit union or squaring off with the finance manager down at the dealership.

　 　

Looking for a no-fuss auto loan with a rock-bottom interest rate? Hop online.

Thanks to a new wave of online offerings, you could land the auto loan you want without setting foot in a bank or credit union or squaring off with the finance manager down at the dealership.

And you've got quite a selection of online loans to choose from. Like E-Loan and Capital One Auto Finance (Formerly PeopleFirst), many banks and credit unions now offer auto loans over the Web. Major banks that allow customers to apply for auto loans online include Chase Manhattan, Wachovia, Wells Fargo, SunTrust, PNC Bank and Union Bank of California.

But the auto loans popping up on the Web are far from equal. Online applications, rates and customer service all vary widely. You'll need to shop carefully. Let's get started.

Better rates, quicker results
The biggest things online loans have going for them are low interest rates.

The national average for 48-month new-car loans is 5.49 percent and 6.04 percent for 36-month used-car loans, according to Bankrate.com.

Hop online and you'll find auto loan rates far lower than that. Some of the lowest can be found at Capital One Auto Finance, with new-car rates as low as 3.49 percent and used-car rates as low as 3.95 percent.

READ FULL STORY ...





Capital One Sued Over 'Deceptive' Ads (January 01, 2005)
Minnesota's attorney general has sued credit card issuer Capital One Financial Corp., accusing the U.S. credit card issuer of falsely advertising low rates and defrauding consumers. Attorney General Mike Hatch said Capital One nearly quadruples the rate it charges some card customers who trigger a ...
Frequent-Flier Cards Delay Fee Collection (December 27, 2004)
Hefty annual fees have led thrifty consumers to steer clear of credit cards that dole out frequent-flier miles. But a few airline-sponsored cards -- which usually charge annual fees of $30 to $100 right off the bat -- are offering to hold off on collecting ...
Perishable Credit Card Numbers Take The Fear Out Of Web Shopping (December 27, 2004)
Outsmart online thieves with virtual credit card numbers. Several major credit card issuers, including Citibank, are offering customers the option of shopping online with virtual, single-use credit card numbers, which expire within one or two months. The aim? To thwart hackers by using a different ...
American Express, Citi Ink Deal (December 26, 2004)
Just weeks after a court decision cleared the way for American Express (AXP: news, chart, profile) to market its card with Visa and MasterCard issuers, the company announced it has entered into an agreement with Citigroup (C: news, chart, profile) to issue the cards. Citigroup ...

Read all 26 posts in the same category of Credit/Credit Card:

Capital One Sued Over 'Deceptive' Ads - Jan 01, 2005
Frequent-Flier Cards Delay Fee Collection - Dec 27, 2004
Perishable Credit Card Numbers Take The Fear Out Of Web Shopping - Dec 27, 2004
American Express, Citi Ink Deal - Dec 26, 2004
Citigroup Says It Will Issue American Express Cards - Dec 17, 2004
MBNA Pitches Rival Visa Card - Dec 14, 2004
Credit Card Loyalty Put to the Switch Test - Dec 09, 2004
Credit Cards Offer Safety In Buying Online - Dec 06, 2004
How to Deal With Your Debts - Dec 04, 2004
FACTA & Your Credit - Dec 03, 2004
Warning On Internet Loans - Dec 02, 2004
High Court Sets Truth In Lending Limit - Dec 02, 2004
Free Credit Reports May Reveal Surprises - Dec 01, 2004
Free Credit Reports Coming, With Pitches - Nov 30, 2004
Teens Need To Embrace Identity Protection - Nov 30, 2004
What to Do About Your Credit - Nov 29, 2004
A Generation Weighed Down By Debt - Nov 28, 2004
7 Ways to Improve Your Credit Score - Nov 25, 2004
Free Credit Report Details Announced - Nov 25, 2004
One Late Payment Can Hit Finances Hard - Nov 25, 2004
Free Credit Reports Are On The Way - Nov 23, 2004
Card Debt - Nov 22, 2004
Soaring Interest Compounds Credit Card Pain for Millions - Nov 20, 2004
Gas Cutter - Nov 02, 2004
Payment Rates - Nov 02, 2004