Who is better, e-loan or capital one for car loan?
Question:
I'want to bay car and finance with one of them!
any expirience??
I do have fair credit 640
Answer:
E-loan that worked for me!!
Neither because the interest are too high , 18.5 % and higher , try to find if you can get a Bank loan using the car as collateral or a secured loan , you have to watch for the interest that you have to pay , both of the other ones they ask you to pay the minimum ,consequently it will take you up to 20 years to pay it back and you will be paying the car over 3 times more than it's original cost all on interest .
I know this is not the answer you are looking for but.. If you put aside the equivalent of a car payment each month for 5 years, you can purchase a much higher end car than one you finance, you will pay approx 2 to 5 thousand dollars in interest alone on a new financed car, when you go into a dealer with cash you hold all the cards, you do your homework and research the car you want, then when they try and rip you off you can laugh in their face and tell them if they want your money they have to meet your price or you walk away and go to a diffrent dealer
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