Posted on May - 12 - 2010
MoneyAisle in the News: USA Today
USA Today featured MoneyAisle’s auto loan and auto loan refinance products in an article today entitled Car dealers’ loans often aren’t the best deal, so shop for rates first
Another option is MoneyAisle.com, an auction site that allows consumers to solicit bids from financial institutions for certificates of deposit and high-yield savings accounts. Last week, MoneyAisle added loans on new and used autos. To solicit bids, plug in your ZIP code and the make and model of the car you want to buy. If you see a bid you like, you can contact the bank or credit union.
More than 75 banks and credit unions have signed up to offer auto loans, and the company expects to have 200 participants within the next three months, MoneyAisle founder Mukesh Chatter says. A test drive of the site generated bids ranging from 3.89% to 5.12% for a five-year, $25,000 new car loan, based on an excellent credit rating.
You can read the entire article by clicking this link.
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