Q:

Where can you apply for a car loan online?

A:

Quick Answer

People can apply for car loans online at the website for Ally Financial, formerly GMAC, as of 2015, notes About.com. Banks such as Capitol One also offer websites where consumers can apply for car loans, states Bankrate.

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Full Answer

Ally Financial is one of the largest auto lenders in the world, having financed more than 150 vehicles, states About.com. General Motors, Chrysler, Saab and Thor Industries have named Ally Financial their preferred source of financing. The company allows visitors to its website to apply for loans, then transfers the applications to dealerships. People can make payments to Ally Financial through automatic withdrawal, online payments, by phone or through U.S. mail. The company also offers online applications for auto leasing and vehicle service contracts to cover repairs beyond warranties.

Capitol One allows consumers to apply online for car loans for new and used vehicles, as well as for refinancing of existing loans, notes the company. Capitol One provides tools on its website that allow visitors to get finance offers in advance, view current annual percentage rates on loans, calculate estimated monthly loan payments and locate dealers to shop for vehicles. The company's website also offers an Auto Learning Center with information about auto financing, loan extensions and other topics of interest to those seeking auto loans. Customers who have pre-approval codes can enter them on the Capitol One website,

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