North Carolina Car Loans

Looking for a North Carolina auto loan?  The Auto Loan Network offers quick access to lenders and dealerships all over NC, and not just the metro areas like Charlotte — from WNC to the coast, we’ve got you covered.

>> Click Here to Apply for a North Carolina Car Loan!

The core of The Auto Loan Network is our advanced matching technology.  When you complete your North Carolina auto loan application, which takes only two minutes, our system will take into account an array of factors such as your credit standing and income level to put you in touch with the right lender.  This saves you the hassle of trekking all over town in search of the best auto loan deal, and it gives our partner lenders the business they’re looking for.  We have NC lending specialists who focus on all kinds of different credit types and situations.

What’s Next?  Getting Approved for your NC Auto Loan:

1. Complete our secure application form (it takes only 2 minutes).
2. Check auto insurance rates in your area while you await notification of your approval status.
3. Finalize your North Carolina auto loan with your lender.
4. Purchase your vehicle from a local NC dealer or seller.

For North Carolinians with Credit Problems:

At The Auto Loan Network, bad credit is generally not a problem.  In fact, many of our auto lenders specialize in North Carolina bad credit or no credit lending scenarios.  The credit crunch has hit everyone, but we’re driven to get you approved for that auto loan you need.  Over 90% of our users get pre-approved for their North Carolina bad credit auto loan.  That said, some lenders may want you to opt for a “secured loan,” where you put down collateral they can collect should you default on your loan.  Often the title of the new vehicle acts as collateral, and the lender will keep it in their possession until the debt has been paid to an extend agreed upon in the contract.  There should be no problem as long as you keep on payments, but we urge you to play it safe and opt for a reasonable loan amount.

>> Click Here for a North Carolina Bad Credit Car Loan!

NC Predatory Lending Practices and How to Avoid Them:

In April 2009, researchers from The Center for Responsible Lending published an in-depth study of the NC auto finance market.  The findings were pretty shocking, and we’ve summarized them below.  There is legislation in the works to address these practices (HB 1223), but in the meantime, we want you, the consumer, to be educated and able to defend your wallet from such practices.

• Kickbacks: on average, dealer “kickbacks” represented an average $642 per vehicle sold.  Kickbacks, or dealer markups, occur when the dealer and lender agree to increase the buyer’s interest rate.  New policy would ban these kickbacks.
• Yo-Yo Scams: buyer drives his or her new vehicle home only to get called back to the dealership because they were placed in a conditional sale agreement that could not be finalized.  At that point, the buyer is usually forced to rework financing (and of course pay a higher interest rate, etc).  The new legislation would prohibit this practice.
• Loan-Packing: this is where the salesperson convinces the buyer that he or she needs all sorts of add-ons, such as warranties, vehicle service contracts, and credit life insurance for the loan to be approved.  The new laws would force salespeople to provide a more transparent and truthful representation of vehicle costs.

>>  Apply for your NC auto loan (and watch out for those scams at the dealership!)

Find a Dealership in North Carolina:

Choose your city from the list below to explore options at the city-level.