Web2Carz: Best Auto Loans For Any Credit

Web2Carz at a Glance

Web2Carz was founded in 2006 with the goal of providing a better alternative for car-shopping online. The Illinois-based company offers potential buyers a wealth of tools designed specifically to help them find the best possible deal. To satisfy these goals, Web2Carz employs a team of expert writers, test drivers, and auto professionals to give customers a comprehensive look into the current auto buying environment. In addition, the company has built a nationwide network of lenders, dealers, and insurance providers to create a one-stop-shop for any needs a customer could encounter when buying a new or used vehicle. Moreover, the company hosts a worthwhile news section that keeps customers informed of current trends, changes, and opportunities in the market that could benefit their search. Web2Carz aims to be a hub for interesting, entertaining, and most of all, useful content to assist customers seeking new and used cars.

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Application Process

Applying for a loan through Web2Carz depends on how much of the shopping process customers complete through the website. For buyers who are simply interested in finding a loan or refinancing, the application begins with a straightforward questionnaire that collects basic information. This includes details on income, residence, and contact information. Once completed, customers are redirected to a pairing page that will ask for a few more details and display up to four separate matches for each borrower. It is important to note that the company is not a loan originator, so customers who identify a match through Web2Carz still must complete the application process with the lender of their choice. This includes an agreement on final terms. Web2Carz does not list any requirements for its loans, although customers should expect that each individual lender will have their own prerequisites for final loan approval.

Loan Types and Terms

Customers should be aware that Web2Carz is not a lender, so the company does not originate and cannot quote terms for any loans. However, Web2Carz does work with a reliable network of lenders and auto dealers that can offer an excellent variety of financing and loan terms for customers. The company specializes in providing four main types of loans:

  • New and used car loans from dealers, which gives customers the option of working directly with one of Web2Carz’s reliable auto dealership partners
  • Used car loans from private parties, although this option is geared more toward customers that have good to excellent credit scores
  • Refinancing loans for customers that for any reason are looking to improve their interest rates or repayment terms with a new loan
  • Bad credit loans for those customers who need a new vehicle but have been turned down by other lenders due to weaker credit scores

The company’s partners offer interest rates that can start as low as 1.85% for new car loans, while their refinancing options begin at 1.99%. It is important to keep in mind that these rates tend to be reserved for customers that have excellent credit scores.

Customers can borrow between $7,000 and $300,000 for both refinancing and new auto loans, although this can vary depending on the lender chosen and the customer’s creditworthiness. For those who prefer to handle everything in one go, Web2Carz works with several well-known auto dealers, and can help customers purchase, finance, and insure their car from one convenient location.

How Safe is It?

To protect its customers, Web2Carz provides outstanding security measures. The company employs the latest encryption technology when it is transmitting information between its servers and networks, as well as when data is resting in data centers. Web2Carz does collect user data, but they are very transparent about how it is used, and with whom it is shared. The company will distribute some customer details to partners they are matched with potential lenders to provide a better level of service. Furthermore, the company’s website collects some non-identifiable data, though it allows customers to opt out of certain collection practices.

Repayment Options

Customers have some choices when selecting their repayment terms. Although specifics may vary widely from lender to lender, the company’s partners offer loan term durations that range from 1 to 7 years. While the exact terms may differ depending on the lender, these repayment terms from Web2Carz’s partners represent a strong offering that matches the industry average while giving borrowers excellent flexibility. For more specific information, customers should always contact the lender they have matched with directly.

Help & Support

Customers can reach Web2Carz via a toll-free number, or through an email form available directly on their website. We found that the company’s support staff were well-prepared and offered excellent guidance for our questions through both channels. Wait times were also minimal over the phone, with a representative usually answering within a few minutes of calling. Emails were responded to between 24 and 48 hours after they were sent. For customers who prefer to find their own answers, the company hosts a resource rich FAQ to go with their impressive collection of educational materials.

Final Word

Customers shopping around for a new or used vehicle would be wise to take full advantage of Web2Carz’ outstanding top-to-bottom service. The company offers a one-stop-shop solution to auto purchasing and financing. Prospective buyers can learn about the entire purchasing process before beginning their search for cars, insurance, and financing in one convenient location. The company’s educational resources make it an excellent value, and thanks to no fees for matching or applying, customers can rest easy knowing they are getting a good deal. The service is ideal for customers with less than stellar credit who want to be able to compare choices and find an affordable car with a reasonable financing option.

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