Tips for Lafayette Car Loan Shopping
It's a common myth that a bank is the only place you can get a car loan in Indiana. You can actually get auto financing online from your smartphone or computer! You don't even have to leave your house in Lafayette. Want to know how to finance a used car online? With myAutoloan's help, of course. We believe auto financing should be a quick and simple process. We offer numerous resources to help you learn a little more about car financing so that you can choose the best car loan option for your needs and budget. We're not one of those large banks. We're a large marketplace that lets you take control of the car buying, refinancing, and lease buyout process.
Finding an auto loan in Indiana doesn't have to be difficult. We make it easy. Select your loan offer type. We'll ask a few brief questions via our quick, secure, and confidential offer form. After we've gathered that information, we'll provide you with offers in a few short minutes. And rest assured that each offer is both confidential and free of obligation.
Want to shop for auto loans in person? You'd likely have to visit several different dealerships around town! That wouldn't be a great use of your time. Plus, you might be frustrated and pressured into a loan you aren't thrilled with. Avoid the hassle and apply online at myAutoloan.com to purchase the new or used car you've been dreaming of today!
Types of Car Loans Available in Lafayette, IN
We can connect you with five different types of car loans in Lafayette: new car loans, used car loans, refinance car loans, private party car loans, and lease buyout car loans. So, what's the difference between these options? Learn more below.
New Car Loan: If you apply to get a new car loan in Indiana, you're ready to buy a brand new car— you are going to be the very first owner! It's typically easier to finance a new car than a used one since lenders are better able to predict the car's resale value. Predicting resale value is why new car loans are typically more affordable than used car financing options.
Used Car Loan: If you apply for a used car loan in Lafayette, that means you are looking to buy a previously owned vehicle. You won't be the first person to own the vehicle, but you plan on enjoying and driving it like it's new. And although used cars can have higher interest rates than new car financing, you'll likely save a bit more money on your initial purchase long-term since the car has already undergone its initial depreciation.
Private Party Car Loans: If you're applying for a private party car loan in Lafayette, you probably don't plan on stopping by your nearest dealership to buy a new ride. Rather, you're going to make your purchase through a private seller. In this scenario, you must choose the vehicle you'd like to have before filling out your private-party financing application. Afterwards, the lender will usually pay the seller the full vehicle amount, and you'll repay the lender over the loan term.
Lease Buyout Car Loans: Have you fallen hood over trunk for a vehicle that you're currently leasing? Then you may need to apply for a lease buyout auto loan in Lafayette, IN! Lease buyout loans can help you own your leased car. Use the loan offer to buy your vehicle at the end (or near the end) of your current lease agreement. There's no wasted time shopping around for another vehicle and no surprises.You already know the history of your car and how well it's been maintained!
Why myAutoloan for Your Auto Loan in Lafayette?
Comparing auto loan options is probably the best way to finance a vehicle. (You comparison-shopped when finding a deal on that new TV, your last vacation, and that laptop, right?!) When you take time to compare options, you're able to find better deals. Auto financing is no different. Plus, myAutoloan lets you take the driver's seat. Go online to check out today's lowest interest rates. View up to four offers for different types of loans, and then choose the one that meets your needs. The lender will deliver a check or certificate to you in as little as 24 hours. Then go to the Indiana car dealership of your choice and get the car you've been dreaming of!