How to Apply for an Instant Auto Loan

• Posted on Autos.com Editor
• in Auto Loans
• on October 7, 2013

Sometimes it’s imperative to buy a car as quickly as possible. If that’s the case, then instant auto loans are a good option. Though approval may take longer than the word “instant” implies. Rest assured your auto loan process will be go quickly.

Here are some tips for how to apply for fast auto loans:

Tip #1: Affordability

Before you even get into the auto loan process online, figure out what you can conservatively afford. Remember, it’s easy to get carried away when someone is offering you money. Complete a budget and determine what you can realistically afford.

Tip #2: Reputable Lender

It’s very important when getting a car loan that you find a reputable car loan lender. Research many companies online by comparing interest rates, terms, and late payment penalties. If you’re not sure, ask someone you respect for advice.

Tip #3: Application

Go online and fill out the required application. Make sure that you supply all the requested information. Keep in mind that you must be willing to electronically submit your social security number.

Tip #4: Be Patient

Though getting a car loan via this method is fast, it may take up to 24 hours for an email reply regarding acceptance.

Tip #5: The Check

Once you are approved, you can expect a package by mail very quickly. It will contain the application and the check. Look over both to make certain everything is accurate.