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We can dramatically improve your chances
with our nationwide auto loan lenders.
To qualify for a new or used auto loan,
you need a minimum verifiable income of $2000,
and you must be at least 18 years old and a U.S.
resident.
Chapter 7 Bankruptcy OK: if
creditors hearing has been completed.
Chapter 13 Bankruptcy: need permission
letter from trustee.
Self Employed OK: must have
3 years tax returns with Schedule C for sole proprietors.
Auto Loan Limitations:
- No auto loan refinancing or title loans available.
- We do not offer auto loans for private party
purchases (we don’t offer financing for
you to buy a car from your neighbor).
- New or Used Auto Loans approved through this
special financing program are used to purchase
vehicles from our certified dealer network nationwide.
What are the rates on these auto loans?
We do offer low rate auto loans for bad
credit but there are several factors
that will help determine your final auto loan
rate:
- If you are going to buy a new or used car.
- How long you want to finance it (term of
the loan).
- Down payment amount, zero down payments are
available.
What’s this really going to cost,
payment wise?
There are a couple things that will really help
you understand:
Know your credit score, if you don’t you
can get a free credit report by clicking here:
Get
My Credit Report You can also get a very good
idea of your monthly payments by using our free
auto loan calculator. In general if your credit
score is 725 or higher, you can get the best auto
loan rates which currently are in the 6 percent
range. If your score is between 625 to 725, you
may pay 7 to 10 percent, between 550 and 625,
you might pay upwards of 16 percent and finally
if your credit score is below 550 you are most
likely to see auto loan rates in the 17 to 20
percent range.
How long is it going to take for my auto
loan?
The approval process usually is complete within
the same business day for a bad credit
auto loan. In the more difficult or worst
credit situations it could take up to 48 hours.
You can expect to be contacted within a couple
hours if you applied from 7 am to 8 pm Monday
– Friday. Here’s a special note to
consider. If you have been denied for an auto
loan in the past and been applying on every website
you find: STOP!!! The only thing you are doing
is lowering your credit score and damaging your
chances for approval. Give the process time to
work, if any one can get you approved it us, so
please be patient. No one gets more customers
approved.
Now that you are better informed, it’s
time to get your auto loan approved!
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