Finance Your Car or Auto Loan Online and Save Money

1. Finance Your Car or Auto Loan Online and Save Money In this day and age, saving money is important to everyone, but many consumers lack the knowledge they need to make the best possible decisions. Many don’t know what the current auto interest rates are. Buying an Auto is the second largest purchase most people will ever make but navigating through the muddy water of auto financing can be treacherous and cost you far more than you intended. By choosing to partner with a lender network like Outside Financial, you can learn about hidden markups that could save you over $1000 and shop for transparent car loans online with ease. The Outside Financial Markup Index The Outside Financial markup index represents a very close look at the auto lending industry. The average consumer’s new car loan ends up costing $1717 in hidden fees alone –and for many consumers, it’s far more than that. In fact, these markups have been climbing every single year since 2010, and the best thing you can do to avoid falling victim to hidden fees involves learning more about them and securing more transparent auto refinance products through Outside Financial. Some of the most common markups found in everyday auto loans include: ●Loan Fees –Loan fee markups ranged from $250 to $2000 with the average consumer paying roughly $886. ●Vehicle Service Contracts (VSC) –These contracts are much like “warranties,” but they aren’t free. Consumers pay roughly $800 over the course of their loans for VSC. ●GAP Insurance – Though GAP insurance can be smart (it covers the total value of your car in the event of a total loss rather than the depreciated value), these policies are often tucked inside loans unannounced to the tune of $400. ●Tires & Wheels – You could even be charged up to $600 for tires and wheels on top of your other loan fees. ●Appearance Contract – An appearance contract is not a requirement and may or may not have any value to you. Nonetheless, you may pay as much as $300 to $400 for it. ●Etching –A Glass Etching Fee is one of the newest “fees” of them all, and it’s essentially your bill for having your new car’s VIN or other security number etched into each of the windows. Often, this etching takes place without your knowledge, which isn’t very transparent – or fair, for that matter. Pulling Back the Curtain on the Auto Finance Industry Shopping for car refinance online should not be more difficult than shopping for the car itself. First, it’s important to remember that you are legally allowed to secure your financing anywhere you’d like and bring it with you to the dealership of your choice. With that in mind, Outside Financial aims to provide you with the most transparent and best lending options available. By simply filling out a short application, you can find out whether you prequalify for the car of your choice without affecting your credit score. It’s fast, simple, and painless – and you might just save that $1717 in hidden fees, too. Nobody should hand over their money without knowing exactly where it’s going and why. Unfortunately, in the auto loan industry, this happens more often than consumers know. If you’re in the market for a new car, check out Outside Financial today to figure out whether you qualify for a loan, then decide for yourself which additional options you would like to add to your loan.