I am thinking about getting a different car and eloan offers 5.05%. I am looking at used, so this is a good rate.
They said there are no loan fees, no prepayment penalties, etc. If I borrow X, the entire amount will be disbursed, and I will only owe X plus interest. The only catch is that I have to sign up for autopayment from a bank of my choice or the interest rate goes up 0.5%.
They will send me a blank check which I will fill out for the correct amount the day of purchase. I want the ability to compare with the dealer's rates.
Has anyone heard of them or known anyone that has used them?
They said there are no loan fees, no prepayment penalties, etc. If I borrow X, the entire amount will be disbursed, and I will only owe X plus interest. The only catch is that I have to sign up for autopayment from a bank of my choice or the interest rate goes up 0.5%.
They will send me a blank check which I will fill out for the correct amount the day of purchase. I want the ability to compare with the dealer's rates.
Has anyone heard of them or known anyone that has used them?
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