Lending Tree’s website offers lots of information and tools to help borrowers learn about the car loan process and find the best financing or refinancing option. There are calculators for estimating APR and monthly payments, rate comparison tools, car-buying advice articles and more.
Borrowers who apply online with Lending Tree will receive an instant response of lenders who are willing to work with them, as well as the offered APR and term information. This enables borrowers to easily compare and select a loan without having to deal with the time and hassle of going through the process with multiple lenders. The application and comparison of loan options are free.
Lending Tree is not a lender or direct servicer, so the company can’t approve, adjust or accept payments for loans. Once borrowers select one of the lenders that partner with Lending Tree, they’ll need to work directly with that partner lender. This may create some confusion for borrowers who aren’t familiar with the process. This also means that Lending Tree is not able to provide certain loan information, such as payment guidelines – borrowers will need to obtain all the details of their rights and responsibilities from the lender they choose to work with.