Welcome to Federal Auto Loan! You may have been looking around the site and you’re curious as to who we are and what we do. Here’s a look at why Federal Auto Loan is right for your auto financing needs.
Now that you know, use Federal Auto Loan!
Modern Auto Financing
Something many people don’t realize is that you “buy” auto financing just like you buy a car. Just like you pay for a car with the financing, your auto financing is paid for through interest that collects on the amount of the loan over time. You may only pay a little a month, but it adds up quickly over the life of the loan. Even a difference of just a percentage point on a loan can add up to hundreds of dollars extra over the life of the loan.
Thus, that makes comparison shopping for lenders and other finance options absolutely crucial to getting the best deal, but that’s difficult for many consumers. You not only have to apply to each lender individually, you have to find them in the first place, and it can be surprisingly easy to overlook lenders who might offer you a better deal. And you need to do this quickly; too many credit checks on your credit report can actually reduce your credit score. Many people simply finance through the dealership, never realizing that they can find a better deal with relative ease. Worse, as with any financial product, there are people who want to take you for a ride.
We saw the need for a better way, especially for those getting back on their feet financially, and that inspired us to create this site.
The right auto financing for you, from Federal Auto Loan!
Comparison Shopping, From Your Couch
Federal Auto Loan is a lender network with more being added every day. Here’s how our streamlined, simple system works, step-by-step.
First, you file an application with us; our application is standardized to collect all the information a lender needs, and that means less paperwork for you.
We then take that application and send it out to our network of lenders. All our lenders have been researched by us to ensure they’re respectable, and worth the time of our customers. They look over the application, and if they’re willing to work with you, they’ll send back a quote.
Once we have the quotes back, we send them to you. You look them over and choose the one that best suits your budget, we put you in contact with the lender, and you can take it from there to secure the auto financing you need.
We designed this to take the frustration and confusion out of financing your car. With the quotes, you’re able to simply look at how much you’re able to borrow, the interest rate, and the term of the loan available to you, and pick out the one that best suits your needs. There’s no searching the Internet for lenders, no worrying about credit checks damaging your credit score. You can get the car you need at the financing that makes sense to you, and that, for us, is the most important thing to know about Federal Auto Loan.
Get the car you need, with Federal Auto Loan!