An easy car loan can be found on the internet. Online car financing is actually the most simple, easiest and less time consuming way to get financing for your vehicle purchase and in addition, you are able to do a thorough comparison between the best offers on the market. According to reliable sources (Consumer Federation of America), vehicle buyers are often overcharged by 3% or more on loans they are taking through a dealership. This can mean an extra loan cost of $1,000 or more. The best loan websites are the cheapest, your job is to find those sites and select the loan that fits you best with regard to interest rates, fees and other terms. On these quality sites you don't have to pay application fees, or down payments and your new or used auto loan is approved in minutes.

Here is how you do it:

1. You must decide which vehicle you are looking for, what it cost and how much you need to borrow. Also, do some calculations upfront to find out how much you are able to pay on a down payment and what monthly payments can be, along with interest and fees. Then determine how long a period of time you'll need to pay it back. Use an online car loan payment calculator.

2. With these figures written down, go to the internet and
   • either look for a recommended online car finance company or
   • do a search for ["car loans"+review]. Then you will get a list of loan companies and references from other people that have dealt with these companies before.
3. Select 3 to 5 of the companies that appear to have the best offers and apply. The application process is very easy; in most cases you only have to fill in 4 to 5 cells of information, that's all. Then sit down and wait a few minutes and you will receive their offers either by email or directly on the website.
4. With all the offers in front of you, start the comparison process: You should compare interest rates, fees, and other terms that might affect your loan costs, especially the part in small print.
5. When this is done select two lenders and contact them over telephone. This will give you a feeling of which people you deal with; whether they are friendly and service minded; ask yourself "would I like to do business with them?"
6. Then you should have a good platform for choosing your vehicle lender. Choose the one you like best. Give them a feed back either by phone, email or via their website.
7. Now, sit down and wait for your money to come; it will take only a few days.

In the mean time, go to the dealership and start the price negotiation. When you know you have the money, you are in a much better position for negotiating a really great auto deal.

Terje Brooks Ellingsen is a writer and internet publisher. He runs the website cheap-used-cars.w-eland.com. Terje gives advice and helps people with automotive issues like finding cheap car dealerships online and online car financing.