Tips for Columbus Car Loan Shopping
It's a common myth that a bank is the only place you can get a car loan in Ohio. In fact, you can secure car financing online -- right now from your home in Columbus! Want to know how to finance a used car online? By comparing offers at myAutoloan. We're committed to making auto financing a simple and painless process. We offer a range of services geared towards helping you learn about auto financing so that you can select the best auto loan for your needs. We're not one of those large banks. We're a big marketplace that helps you take back control during the car buying, refinancing, and lease buyout process.
Getting an auto loan in Columbus is easier than you might think. Select your loan offer type. Answer a few simple questions about your income, residence, and the type of car you're refinancing or would like to purchase. After we've gathered that information, we'll provide you with offers in just a matter of minutes. Each of your auto loan offers are confidential and obligation-free.
If you were to shop for auto loans in person, you would probably have to stop by more than a few Ohio dealerships! All that travel takes time and headache. You might even feel pressured to accept a loan offer that doesn't suit your needs or budget. Apply for your Columbus auto loan online and purchase the new or used car you've been dreaming of today!
Types of Car Loans Available in Columbus, OH
We have five types of auto financing options available: lease buyout car loans, private party car loans, refinance car loans, used car loans, and new car loans. So, what's the difference between these options? Learn more below.
New Car Loan: If you apply for a new car loan in Columbus, that means you are looking to buy a brand new vehicle— you are going to be the very first owner! It's typically easier to finance a newer car versus an older one. This is because lenders can easily predict the auto's resale value. This calculability is also why new car loans tend to be more inexpensive than used car loans.
Used Car Loan: If you apply for a used car loan in Columbus, that means you're in the market for a previously owned vehicle. You won't be the very first person to drive the car, but you plan on enjoying and driving it like it's new. And although used cars typically have a higher interest rate when compared to new cars, you may save a pretty penny on your initial vehicle purchase since it has already experienced its initial depreciation period.
Private Party Car Loans: If you'd like to get a private party car loan in Ohio, you probably don't plan on visiting a dealership to buy your new ride. You plan on purchasing from a private seller. In this case, you must pick out the exact car before applying for private-party financing. Then, the creditor will often pay the seller or lienholder the vehicle amount, and you'll pay back that amount to the lender.
Lease Buyout Car Loans: Are you excited to keep your leased automobile? Then you may consider applying for a lease buyout car loan in Columbus! A lease buyout loan allows you to purchase your currently leased vehicle. Use the loan offer to purchase your car at the end or before the end of your lease. You can avoid looking for another car. Plus, there are no surprises since you know your car's history and how it's been treated!
Why Compare Columbus Car Loans at myAutoloan?
Comparing your options is probably the best way to finance a vehicle. (It's how you got a great deal on those sneakers, your last vacation, and that laptop, right?!) You save more when you consider all of your options! Auto financing is no different. Plus, myAutoloan lets you take the driver's seat. Apply online today to view your potential interest rates. View up to four offers for different types of loans, and then choose the one that meets your needs and budget. The lender will deliver a check or certificate to you in as soon as 24 hours. Then head to the Columbus car dealership to get the car you've been dreaming of!