When it comes to financing a new car, one of the options to consider is forex auto financing. This type of loan can provide you with the flexibility and purchasing power to buy the car you need. In this article, we will discuss the advantages and disadvantages of forex auto financing, what it entails, and whether it is right for you.
Overview of Auto Loan Options
Regardless of your credit score, it’s important to take the time to understand the different auto financing options available. Doing so will help you make the best possible decision and ensure you get the best possible terms on your auto loan. CNBC Select evaluated dozens of auto loan lenders based on their rates and terms, selection of loan options, car-buying experience and other factors. If you’re looking for the best rates and terms, read through this comprehensive review to compare the top lenders we found.
Auto Credit Express
Auto Credit Express is a broker founded in 1999 that has financed over one million vehicles. The broker offers vehicle purchase loans for new and used cars, leases, special financing and auto refinance options. Auto Credit Express also helps borrowers find financing even if they have bad credit, no credit, are first-time buyers or have had a bankruptcy in the past.
The broker offers loan programs with varying terms, so make sure to read through the details in the fine print to get the best deal. In addition to auto financing programs, Auto Credit Express has tools and educational resources for car buyers. If you’re not sure how to buy a new car or negotiate like a pro, Auto Credit Express has advice on that as well.
AUTOPAY & LendingTree
AUTOPAY and LendingTree are two leading online lenders. We researched and evaluated AUTOPAY based on its loan types, APRs, loan amounts and terms, and borrower/vehicle qualifications. We also evaluated LendingTree based on its access to many loan providers, ease of application, rates and fees, customer service and repayment options.
Both lenders offer auto loan products from $2,000 to $45,000, with both long- and short-term options. Borrowers need to have a credit score of at least 660 and a minimum annual income of $24,000 to qualify for AUTOPAY. LendingTree’s minimum requirements for auto loan origination are a credit score of 550 and an income of $0 annually.
If you’re interested in a personal loan to finance your car purchase, several lenders offer these products as well. Review personal loan lender options with LendingTree to determine whether this is a smart financial decision.