Based on advice in another thread I applied to e-loan and got approved for 12-22k at 5.15%. Has anyone ever used them? Do all dealers accept e-loan? Any advice or suggestions would be appreciated.
No, I never used but am curious of what report they pulled? What was your score? Sounds like a good deal though. I haven't heard anything bad about them.
I used them may 2002, easiest loan deal I ever did. The dealer wasn't too happy about it because they didn't get a piece of the loan action, (not my problem). Just used Eloan a couple of weeks ago and refinanced the car loan at a lower rate. That transaction was even easier. Highly recommended! direct
Boomer, Regarding E-loan. I hope it was my post that helped most dealerships will accept e-loan. Even though they don't think they do. E-loan should be used at a large franchised dealership, with a new car line. Don't go to a "buy here pay here lot" or a lot that uses in house financing. If you want to know if a dealership is used to dealing with E-loan, many are not, Call the dealership and ask to speak to the Internet Sales Manager or the Finance Director. Let them know you have an approval through e-loan and you want to know if they have experience using them. Then talk to the Internet Sales Manager about the vehicle you want to purchase. Always negotiate over the phone and set as much of the deal up as you can before you ever set foot on the dealership. Good Luck, Vegasx
i got a eloan for 6.99% of any new or used car. that is lame. my overdraft is only 5.9% but they pulled efx. oh yeah Peoplefirst AKA Roadloans (in cahoots) gave me 9.9% for 72 months wow i better go buy a car from a dealer and get it in da butt twice! i'll just get a PRA PLOC increase and take my cash to a fool who needs money and get a hot deal lol. stupid online financiers. (TU:692 EFX: 707 Exp:736)
