This is not my car.

Where’s the first place you would go if you were wanting to get a loan to buy a car? I thought about this for a bit the other day while sitting in traffic in my 2000 Jeep Cherokee with no air conditioning. It was about a hundred degrees outside and probably 110 degrees on the blacktop stopped on the interstate. I started thinking to myself that I need to do something. As my second car is a 1978 Datsun B210 with no air conditioning, I figured getting a new car sometime will be the way to go.

As I had about $4 in my wallet, I sat down at the computer and typed loan for car in my favorite search engine. After looking through the first 14 million or so websites, I thought I would try one of those places that actually compete for my business. I figured that I’m a low credit risk and there will be dozens of companies wanting to give me a loan. Maybe.

I did happen to find one site that is kind of a liaison between me (the consumer) and auto loan lenders. Go figure, the company’s name is Get The Best Auto Loan (get rid of the spaces and throw a dot com at the end and you have their domain name as well). It looks like they have a pretty big network of lenders who will basically get your pertinent information (via a simple website form) and then give you a quote. They have no idea what other lenders are giving you a quote so they’re obviously bidding for your business in the blind and hoping their rates are low enough to be competitive. It’s a pretty neat concept and one we’ve seen in other lending markets. So if you don’t find them by searching for loan for car, you can go to their site directly – or via the link in this very sentence…

 
 


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