Frequently Asked Questions about Georgia Auto Loans

Here are the answers to the most commonly asked questions about Georgia auto loans.

Do you offer Georgia auto loans directly?

No, because we are not a bank or a lender, the auto loans on our site are issued by our lending partners, not our company. We are a free quote site for Georgians in the market for car financing loans, but we are not a financial institution. You can obtain an auto loan through our site by signing up with us and clicking on one of the offers from our many lenders.

I want to buy a used car. Can I still get a loan on your site?

Yes, our lenders offer loans for both used and new cars. Remember that used-car loans tend to have higher interest rates than those of new-car loans. If you're on the fence about whether to buy used or new, consider the savings on the purchase price of a used car with the interest rate savings on a new-car loan.

Are your lending partners located in Georgia?

Our lenders are certified and mostly operate on a national basis, but we do also partner with some local and regional lenders. All of our lending partners are familiar with the Georgia auto loan market and have experience with that type of loan.

How long should my loan's term be?

The term of your Georgia auto loan will of course depend on your monthly expenses and what you can afford to pay. The generic answer to this question is to keep the term as short as possible while maintaining your ability to comfortably afford your car payment each month. At all costs, avoid extended-term loans, such as 60- or 72-month loans, as these will cost you a fortune in interest over time. The smaller monthly payments are almost never worth the additional long-term expenses.

My dealership is offering 0% financing. Isn't that a better deal than online Georgia auto loans?

Your dealership might advertise 0% financing, but there is a lot that they don't tell you. For one, only about 33% of consumers have the requisite credit to qualify for these ultra-low interest rates. For the fortunate few who do, 0% financing loans often have very short terms, which means you will face extremely high monthly payments. In addition, dealerships always make up the profits they lost on 0% financing offers in other ways. They might overcharge you on the price of your new car or shortchange you on the value of your trade-in.