Are online car loan/finance websites scams?

[Nutchos]

Hi,

I'm looking to finance a used car. Not sure where to get my financing done though. Should I go to my bank (TDCanada), the dealership, some credit union or online car loan websites? What's generally the best option?

I have good credit (753 Fico) but have only had a job for 2 months (college student). What are my options? :confused:

[active]

Hi,

I'm looking to finance a used car. Not sure where to get my financing done though. Should I go to my bank (TDCanada), the dealership, some credit union or online car loan websites? What's generally the best option?

I have good credit (753 Fico) but have only had a job for 2 months (college student). What are my options? :confused:

I think its best to goto a well known bank like your TDC or RBC or any other bank. Online car loan sites (not all )might be a scam since you are not aware of their actual location. Once they get your personal info you might get into big trouble. Better to avoid.

[m4gician]

http://www.cbc.ca/marketplace/2009/lawless_loans/main.html

Careful with ONLINE financing.

[buyright auto selection]

do you have any credit like credit cards or line of credits??if you fico is 750 don't even look at those web sites go to your own bank they will give you the best rate and not charge you any financing fees..

[Nutchos]

Buyright: I have a credit card, no line of credit. Does that change anything?

[buyright auto selection]

i would defiantly try your own bank first, like i said best rate and no financing fees, if you've had a credit card with at least a $5000 limit for a couple of years you will defiantly get approved at your own bank.