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Auto loans lender reviews methodology

The Bankrate promise

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At Bankrate we are committed to helping you make better financial decisions. While we adhere to strict editorial integrity ,

This post could contain references to products from our partners. Here’s a brief explanation of how we earn our money .

The Bankrate promise

In 1976, Bankrate was founded. Bankrate has a long track experience of helping customers make smart financial choices.

We’ve earned this name for over four decades by making financial decisions easy to understand

process and giving customers confidence in which actions to follow next. process and gives people confidence in the next step.

so you can trust that we’re putting your interests first. All of our content was authored by and edited by ,

who ensure everything we publish is objective, accurate and reliable. Our editors and reporters in the field of banking focus on the points consumers are most interested in such as the top banks, current rates, different types of bank accounts, savings strategies and much more, so you can feel confident as you’re managing your money.

Editorial integrity

Bankrate adheres to a strict code of conduct standard of conduct, which means you can be confident that we’re putting your interests first. Our award-winning editors, reporters and editors produce honest and reliable content to help you make the right financial choices. Key Principles We value your trust. Our aim is to provide readers with truthful and impartial information. We have established editorial standards to ensure that this happens. Our editors and reporters rigorously verify the truthfulness of content in order to make sure the information you’re receiving is true. We maintain a firewall with our advertising partners and the editorial staff. Our editorial team doesn’t receive compensation directly through our sponsors. Editorial Independence Bankrate’s editorial staff writes in the name of YOU — the reader. Our goal is to give you the most accurate information to assist you in making wise financial choices for yourself. We follow rigorous guidelines that ensure our content isn’t affected by advertisements. Our editorial staff receives no directly from advertisers, and all content is verified to guarantee its accuracy. If you’re reading an article or a review, you’ll be able to trust that you’re getting credible and reliable information.

How we make money

You have money questions. Bankrate has answers. Our experts have been helping you master your finances for more than four decades. We strive to continuously give our customers the right advice and tools required to be successful throughout their financial journey. Bankrate adheres to strict standards policy, which means you can be confident that our content is truthful and reliable. Our award-winning editors and journalists provide honest and trustworthy information to assist you in making the right financial choices. The content we create by our editorial staff is objective, truthful and uninfluenced by our advertisers. We’re honest regarding how we’re in a position to provide quality information, competitive rates and useful tools for our customers by explaining how we earn money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the placement of sponsored products and, services, or through you clicking specific links on our website. This compensation could affect the way, location and when products appear within listing categories in the event that they are not permitted by law. We also offer mortgage or home equity products, as well as other products for home loans. Other factors, like our own website rules and whether the product is available in your region or within your own personal credit score could also affect the way and place products are listed on this website. Although we try to offer an array of offers, Bankrate does not include information about every financial or credit product or service.

The ability to borrow on a vehicle for new, used or refinance from online lenders, banks credit unions or dealerships. But they are not created to be equal. Some are better to a particular driver’s needs and financial history. While Bankrate does have partnerships with certain lenders that are reviewed but these relationships don’t affect the scoring. The scores presented are based on concrete information and analysis by Bankrate’s Bankrate editor team. The goal is to provide borrowers with clear and accurate ratings, so you can walk away with the most suitable loan to finance your future vehicle. Bankrate takes into account 18 factors when choosing the top auto loans and the calculation of Bankrate Scores. They evaluate lenders according to each factor on an arbitrary scale of 1 to 5, which is 5, with five being the highest. These factors cover all aspects of financing and are categorized into four broad categories: Availability, affordability as well as customer service and transparency.

Available Loan amounts. Options for repayment. Dealership specifications. State availability. Why we consider this Availability helps us understand how well the product of a lender can meet various borrower needs. This helps us determine which type of driver might best fit with a specific lender.

Ranges of APRs for Affordability. Acceptance criteria. Fees to be paid prior to or after application. Available discounts. What is the reason we look at this? Here we evaluate the level of competition for a particular product in the larger auto loan environment, not only interest rates.

Customer experience Shopping timeline. Process of application. Hours of service for customers and alternatives. App availability. Autopay. Why we consider this Customer experience considers every aspect of the financing process which includes application ease and paying. Additionally, customer service is measured by the availability of hours and types of support.

Transparency Information about rates and fees. Prequalification for loans. The reason we think this is important Transparency allows borrowers to compare loan costs and know what to anticipate when dealing with a particular lender. For instance, lenders that have disclosure of rates and fees score higher in this area.

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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for the promotion of sponsored goods and services, or for you clicking certain hyperlinks on our site. This compensation could affect the way, location and in what order products appear within listing categories in the event that they are not permitted by law. This is the case for our mortgage home equity, mortgage and other products for home loans. Other elements, such as our own proprietary website rules and whether a product is available within the area you reside in or is within your self-selected credit score range can also impact the manner in which products are featured on this site. Although we try to offer an array of offers, Bankrate does not include information about every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |

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