Once you have selected an approved Preferred Placement loan offer from our lending provider and received your loan package, you have substantially strengthened your negotiating position and have the power of a cash buyer. We suggest that you shop around until you find the vehicle you want at a fair price. With myAutoloan.com, you will have peace of mind in knowing that your auto financing has a competitive interest rate and terms based upon your credit history, and has no hidden fees in the financing arrangements. A credit history is a record of an individual's open fully repaid and unpaid debts; it helps a lender to determine whether a potential borrower has a history of repaying debts in a timely manner.