Getting an auto loan direct from a lender rather than the car dealer?

I applied online for an auto loan with Capital One Auto Finance (capitalone.com/autoloans) and got approved for a low rate. They sent me a Blank Check that I can just sign over to the car dealer and cut out the usual auto financing hassles. It lets me negotiate like a cash buyer and ensure a low auto loan rate. It almost seems to good to be true. Has anyone else had favorable or unfavorable experiences with Capital One online auto loans? Thanks!

Getting an auto loan direct from a lender rather than the car dealer?
Capitol One is one of my largest lenders. They are also one of the largest lenders in the United States and report to all of the credit bureaus.





A comparison to whats available is good too..





http://www.surveyland.org/jump.php?link=...





All the best to you.
Reply:If you were in fact dealing with Capital One, then you got the real deal. I've not used them myself (don't need to... I always save up and pay cash)


Pay close attention to the loan terms and the interest rate. As with any debt where you're paying interest, you want to get it paid off as absolutely quickly as possible.
Reply:

It can really save you hassle to just get an automobile loan quote on the web to check out what todays rates are. You might be really suprised. Also if your credit is not so great, a lot of them are more willing to help you.



What I most often tell folks is that an online quote at http://auto.lowratetoday.com is a no brainer.


Reply:Julia B, Get a free online auto loan quote. http://www.goodinternetdeals.com/Auto-Lo... The automated questionairre will give you results based on your credit and financial situation. It's free and you can get an answer in minutes.