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Free Auto Loan Quote

There should be no charge for an auto loan quote from a car dealer or a lender. All auto loan quotes should be free.

Every car dealer and lender you visit should provide you with a free auto loan quote when you are car shopping. Nobody should ever have to pay anything for an auto loan quote.

Instead all auto loan quotes should be free to all car shoppers. Every auto loan quote should always be a free auto loan quote.

How a Free Auto Loan Quote Works

Every auto loan quote should be a free auto loan quote because car dealers and lenders don’t make their money from auto loan quotes.

Car dealers make their money when a person buys a car. The car dealer doesn’t get paid until somebody actually purchases a vehicle and pays for it. Since most people can’t do this until they get an auto loan it is in the dealer’s interest to get the buyer approved for an auto loan. The dealer will not charge a buyer for an auto loan quote because it is a normal part of the loan process.

Lenders make their money off of the interest charges on the loans they make. A legitimate lender does not make any money unless it actually issues a loan. This means it is in the lender’s interest to offer free auto loan quotes.

Beware of Fees on Auto Loan Quotes

Nobody should ever have to pay for an auto loan quote. Every auto loan quote should be free because dealers and lenders don’t make money from auto loan quotes they make money from auto loans.

Car buyers should be aware that there are scams where brokers and lenders charge fees for finding loans. These scam artists promise a great deal on a loan in charge for the fee but usually simply take the car buyers money.

Any individual or service trying to charge for an auto loan quote is probably a scam. If an the auto loan quote is not free, the auto loan quote is probably a rip off.

How to Use Free Auto Loan Quotes 

Since most dealers and lenders will provide free auto loan quotes, car buyers should take advantage of them. A person who is looking for a car should be able to get several auto loan quotes and compare them.

Comparing free auto loan quotes should enable a car buyer to get the best deal on an auto loan. In particular car buyers should look for the lowest interest rate because the interest rate determines the cost of the auto loan. The auto loan with the lowest interest rate will usually be the cheapest auto loan.

Buyers should also look at the terms of the auto loan and compare them to other offers. One thing to keep in mind is that long term auto loans usually come with lower payments and short term auto loans usually come with higher payments.

A smart buyer should subtract the free auto loan quote from their weekly or monthly budget. This will show the buyer how the auto loan will affect their budget and tell them if they can afford the auto loan or not.