FAQs for Online Car Buying

How long does it take to get car loan approval?

Carloan2 provides same day approval on many loan types. On receipt of your loan application, an agent will contact you to finalize the process.

How much does it cost to get a quote from carloan2?

Absolutely nothing. Our quotes are totally free and there is no obligation to take our loan, although, you will hardly find anyone with better rates online.

Can I get a car loan from carloan2 even if I have no credit history?

Yes. One of our expert agents will contact you upon receipt of your application, and will provide you with the best rates available based on your profile, work history and income.

Can I purchase another type of vehicle with my car loan? I need a truck for work.

Our loans are available for the purchase of other types of vehicles, including truck and motorcycle purchase. Our agents will be able to advise you during your consultation.

I already have a car loan with another lender. Why should I refinance with Carloan2?

At Carloan2, we offer competitive low rates guaranteed. We will find a way to lower your monthly payments and/or interest rates and give you the financial freedom you deserve.

The end of my lease is approaching? Can you help me go from lease to own?

Sure. We can provide a loan to help you purchase your leased vehicle. Just provide us with the details of your current situation and we will come up with a solution to please you.

What kind of rate will I get on my loan?

Loan rates will depend on several factors including amount borrowed, length of the loan and type of vehicle being purchased. However, you can be assured of low competitive rates at carloan2.

How long does the loan process take?

With our instant online application and prompt reply, you can get approval and be driving your new car in as little as 48 hours.

Can getting a loan with carloan2 really improve my credit rating?

Yes it can. Our monthly payments are tailored to your needs so your chances of defaulting become very low. As long as you keep up with your payments, your score will continually increase over the life of your loan.

Is using an online application will my details be kept confidential?

Definitely. We treat all our client's information as strictly confidential. We do not share you information with other companies or organization. Neither will we contact your bank, employers or anyone else unless we are expressly given permission by you.