I have read some negative things about E-Loan today. I am looking to purchase a used car and the only place I can get a loan is E-Loan, because the car is a bit older and the amount I'm borrowing is fairly small ($5k).
Has anyone ever accepted an E-Loan Power Check from a buyer? If so, how was your experience?
I want to make sure it is a smooth transaction.
2007-10-24 04:59:20 · 2 answers · asked by janehart21 2 in Cars & Transportation ➔ Buying & Selling
I got a decent interest rate, but I've read about dealers having problems cashing the checks. Wasn't sure if it's the same for individual sellers.
2007-10-24 05:30:04 · update #1
NO BUT I HAVE SEEN THEN USED AND ITS JUST LIKE CASH.
A PowerCheck works just like a personal check and gives you the "power" to buy a new or used car/motorcycle, refinance your current car loan or buyout your lease — all with a great low rate.
Once your loan is approved, E-LOAN issues you a PowerCheck with your name and address printed on it that's good up to your approval amount. Then just sign it over to the dealer or lien holder - it's that simple
2007-10-24 08:08:40 · answer #1 · answered by Anonymous · 5⤊ 0⤋
Is that the one that charge 95% interest? No, I stay away from those.
All I know is be sure what their interest rate is.
Try this link. It "epinions" and many reviews. I not say this the best answer, but, it may help.
http://www.epinions.com/pr-Online_Stores_Services-E-Loan
2007-10-24 12:06:09 · answer #2 · answered by Snaglefritz 7 · 0⤊ 0⤋