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Posted: 05/05/08 01:49 PM
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New and used automobile loans are being processed every day in the thousands through online applications. People with good credit, bad credit, and very poor credit are being accepted and allowed to drive away in the car of their dreams, because they applied online to competitive lenders that specialize in special credit situations.
Traditionally, when a person applied for credit in a car dealership they would have to deal with the uncertainty that it would be denied credit in a public car dealership. Many people have skipped this potential embarrassing situation by applying for car loans from the privacy and security of their own home.
Online automobile applications are secure and encrypted and the only way that your information is used is to find the best possible deal and rate for your next automobile purchase. The reason that so many online lenders are able to offer the best rates possible is because of the immense competition that comes from the tremendous outrage of the World Wide Web.
Traditional car dealerships only had to deal with the competition in the local market, however, online lenders have to compete and be competitive with thousands of other lenders across the country. Because of the vast competition and online automobile lending, the customer wins by being accepted with favorable terms and interest rates.
Craig Daw http://carloan123.net/
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Posted: 05/09/08 12:39 AM
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Hey Craig. Nice post. Sounds a bit too much like a sales pitch to me though. I looked at the site you're promoting and you have no affiliation with any lenders whatsoever.
It looks to me like you're promoting a dealership lead generation service. I have no problem with that, and I have purchased leads from these services in the past to help customers get approved for car loans.
Using these services it was me, and my lending sources, who had to pair the customer with a lender. I understand what your promotion is about, but just as much as the information and sites I've built is to counter car dealership scams, I'm also kind of sick of the deception going on online.
In the loan center I created at my auto mall adventures site, I have multiple lenders for people to choose from, and let them know when it is a Dealer/Lender network, or the actual direct lender.
I'm not trying to slam you, but let's all try to be a little more up front and not try to deceive customers. I've seen much deception over the years in the car business and frankly I'm over it.
In the mean time,
Take care and beware, J the Car Guy
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