Frequently Asked Questions

If you have questions about buying vehicles, you are not alone. It is not a simple matter, choosing a car, or the right loan to finance that purchase. You can find answers to the most commonly asked questions here.

I've heard of 0% dealer financing offers for cars, can't I just use those?

Only those who have the highest credit scores ever receive those loans, so unless you are secure in an absolutely phenomenal credit score and income level, you don't want to waste your time going to the dealership and the process of trying to secure that level of financing.

How much does it cost to use this service?

There is no charge to use any of the services offered by MECarLoans.com, surf with confidence.

How will I get my loan from the lender to the dealer?

There are several options for this. Some lenders will offer to deposit the money for you into your account and allow you to pay back whatever you don't use in the actual purchase of your car. Other options will include allowing the dealer to verify directly with the bank using electronic means or a phone call that you have been approved from the loan and arranging for payment directly from the bank to the dealer.

Do I need to have good credit to get a loan through this site?

No. Even low credit scores are usually eligible for loans, though you may want to take steps in order to make sure that your credit is in as good a condition as it can be before filling out the form and getting a quote for a loan. Even a minor adjustment such as paying off a delinquent utility bill can save you hundreds or thousands of dollars in interest over the life of a loan.

Is my information safe?

We use only the latest in encryption technology in order to make sure that the information you send to us is secure and free from prying eyes so you can rest assured that your information will not be interrupted during transit.

How long does it take to get a loan through MECarLoans.com?

As little as a week once your loan paperwork is processed. Read more about the car shopping process to understand more about the time it takes to actually go through with buying a car.

If I get quotes through this site, do I have to use one of them?

There is no obligation to use any of the quotes that are offered to you through this website. You can contact the individual lenders and discuss their products and offerings with them before choosing.

Are loans through this site more expensive?

No, there is no additional fee added to any of the quotes/loans that you get through this website, so you can choose with confidence you are getting the lowest rate available to you.

Can I refinance my auto loan through this site?

Absolutely! If you are not in the market for a new car but are having issues with your current car loan and want to refinance to a different lender or better terms, you can do so here.