In the upcoming weeks, we will be running a regular segment on the site called “Approved Loan Store Features.” We hope that this segment will help introduce our readers to all the features of ApprovedLoanStore.com and take full advantage of the website. Today, we’ll be showing off the features for consumers looking for a car loan.
Approved Loan Store is the best place for consumers to start and end their search for a car loan. The tools on our website will help you understand what you can afford, how much you should put for a down payment, and where you can find a dealership to give you the best interest rates possible.
First, you will want to test out the Car Affordability Calculator, located under the Credit Resources tab. The Car Affordability Calculator will ask you how much you have saved for a down payment, the trade-in value of your current vehicle, what rebates are available, how quickly you want to pay off your car (24 months to 60 months), how much you can afford to pay per month, what is the possible interest rate you could qualify for, and what is the sales tax for your county of residence. Based on all of this information, it will tell you the price range that you could afford without breaking the bank.
Second, the Approved Loan Store wants you to understand all the terminology behind car loan agreements. If you don’t understand the terms used by car dealerships and what it would mean if you took a deal, then check out the Approved Loan Store Glossary, once again located under the Credit Resources tab. The Glossary includes an alphabetized directory of many of the most-used terms in loan agreements, explained simply so that anyone could understand it.
Thirdly, you can stay up to date on all the latest news in loans and interest rates by reading the Approved Loan Store blog. We will keep you informed of trends in the industry, the best times to buy, and how to adjust your budget when buying a car.
Finally, the ApprovedLoanStore.com lets you apply for a car loan online. After filling out a sign-up form online, Approved Loan Store will contact you by phone within 24 to 48 hours. From there, we will verify your information and review car buying opportunities in your area. Consumers with good and bad credit can both benefit because consumers with bad credit can find dealerships willing to work with them, and consumers with good credit can find an even better deal than they might have found on their own. We have connections to dealerships all over and banks that are ready to work with you to get you the best interest rates possible.