Applying for a Captive Finance Company Loan Online

A captive finance company is a lender which is usually fully owned by the company you are purchasing your car from, and they provide car loan options to people buying a car from that company. For example, the Ford Motor Company's captive finance company is the Ford Motor Credit Company, so if you are purchasing a Ford vehicle you should be able to finance it through the FMCC.

Auto dealer lenders such as this one allow you to get a loan directly from the car dealership you are purchasing from rather than taking the time to apply to other auto loan lenders. However, you might still want to apply for a car loan online to have the luxury of being approved and shopping for rates from home. If this is the case, you're in luck, because it's possible to apply for a captive finance company loan online. Just follow these easy steps to get approved.

Many brands' captive finance companies do not actually have their own websites, so looking for "Honda captive finance" with a search engine isn't going to give you anything useful. What you can do is visit the main website of whatever brand you're looking for-for instance, honda.com, ford.com, etc-and look for a link to financial services.

Somewhere on the manufacturer's website should be a link to get pre-approval for a loan by filling out an online form. In order to view it, you may have to create an account. The website will take you through the process of creating an account if this is necessary. You will then be able to view the online application.

The information you'll need to supply may vary by lender, but it should be fairly simple to fill out the fields in the online application and submit it. Once that's finished, you have successfully applied for your captive finance company loan online.

Usually, you can be pre-approved for a car loan online, but to actually get the loan you'll need to go in and buy the car. Make sure you have a paper record of your pre-approval with you when you enter the dealership to purchase your vehicle. You should also have standard information like your social security number, proof of residence and proof of income with you. The financers at the car dealership will guide you through the process from there.

By following the first 3 easy steps, you can apply and be pre-approved for a loan online before you spend any time at a car dealership. All you need to know is what brand of vehicle you want to buy. The fourth and final step is to take your loan to the dealership and purchase the car you want.