When you’re in need of an auto loan, there are a number of different things that you’ll need to consider. From purchasing a new or used car to the amount of the loan – it can seem like a daunting task to look for a car loan company. However, if you have the right kind of information, the job can be much easier. Capital Car Loans provides you with a great deal of information, as you’ll see upon visiting their website. Capital boasts the largest network of lenders and car dealers of any car loan company on the web, but it’s also important to look at the different advantages and disadvantages you’ll experience with this company.
Capital Car Loan’s secure site ensures that when you input your information, it is encrypted, so that it cannot be intercepted and used to steal your identity or damage your credit. This is a very positive sign in an online car loan company. They feature loan payment calculators that can be used to determine what your monthly car loan payment might look like. In addition to this, they offer an online application that saves you time and money.
They have an auto refinance program, as well as a great deal of car buying tips and advice. However, they don’t offer dealership locator services and it’s not indicated how long their quote value lasts. If you have bad credit, you’re out of luck with Capital, as they don’t offer car loans for bad credit buyers. While they seem to have a few great features, they don’t seem to be competing with most other online car loan companies.
Help and support are very important in an online car company and Capital has a special section of frequently asked questions, where you can likely find most of the information you’ll need. If you have a pressing question or concern, you can email the company through the addresses posted on the site. There is no phone number posted, however, unlike many of the other online car loan companies. Capital could increase their ability to help customers with a valid phone number and perhaps a blog or online chat option.
With all the car buying advice available on the site, Capital seems to be missing information regarding the payments and cost. Obviously, your interest rates will differ depending upon your credit rating, but minimum and maximum car payment amounts are unavailable. While you must make at least $2,000 gross income a month to qualify for a loan through Capital Car Loans, pre-payment penalties that may be applicable are not indicated on the website. There is no application fee.
This site offers the basic loans you would expect from an online dealer, such as new and used car loans. One of the drawbacks is that they do not offer motorcycle loans. In today’s economy, a motorcycle saves a lot of money and gas and should be offered by all dealerships.
Unfortunately, it seems that Capital Car Loans needs to take a good look at some of their competing companies to get in the ball game. With many features unavailable and not as much focus placed on help and support as some other companies – it would be very easy for individuals to choose another company. You’re encouraged to research many other car loan companies before settling for Capital Car Loans.
