Can I Apply for a Car Loan Online?

Can I Apply for a Car Loan Online?

If you currently own a vehicle, then it’s highly likely that you bought it in person. During the transaction, you probably had to fill out a loan application, wait around to hear back from the different lenders, and finally choose a plan. To avoid spending hours at the dealership, Gilland Ford is here to tell you that you can submit a Finance Application on our website! We’d like to explain how it works, so you can receive the keys to a new car even sooner.

Preparation

First, it’s essential to have all your ducks in a row before you submit your credentials. To do so, we recommend using some of the other tools, like the Payment Calculator and Value Your Trade form. While the former shows you how much you can spend based on your expected down payment, interest rate, and term length, the latter reveals what your current ride is worth so you can increase your purchasing power. After running the numbers and seeing what your status is, you might also want to get pre-approved if you aren’t quite sure where you stand. Once you receive the green light, you can proceed to the next steps with confidence.

Online Inventory

Now that you have a better idea of your budget, you’ll be able to shop for your next vehicle without worrying about getting stuck with something that’s beyond your means. After deciding whether to go with a new Ford or a pre-owned model, click on the corresponding dropdown menu above and see what’s currently available. Instead of having to scroll through pages of results, you’ll have the chance to narrow things down by a wide array of parameters, such as the exterior color, engine, and even certain features. Better yet, you’ll be able to view specific details about your top contenders and get a sneak peak at the price.

Apply for Financing

At last, you’re ready to complete an online Finance Application. In order to send this form over to our team for review, you’ll need to tell us your name, address, and phone number, so we can get in touch with you about your options. In addition, we’ll request you to include your employment details, income, SSN, and living expenses, as these pieces of information will help us to determine the types of loans and interest rates you qualify for. Once it’s completed and submitted, we can start reaching out to our network of banks! When you arrive at the dealership, you’ll be able to begin reviewing your options as soon as you walk through our showroom doors.