Frequently Asked Questions

Shopping for auto loans? You might have a few questions for us. Found below are the answers to the questions we get the most. Read them to learn more about how works.

Using the internet to apply for a car loan is advantageous for consumers in a variety of ways. For starters, you can use our online car loan calculator to give you an estimate of what you may be able to afford. Getting pre-approved for a loan also helps you get a better interest rate, set a realistic budget, simplify your dealership experience, and negotiate more effectively.
Yes, get the process started by applying online with us at Once you complete the form, a loan advisor who specializes in car loans for people with bad credit will get in touch within 48 hours. Creditworthiness is a vital component in your APR. Finance companies rely heavily on this information when determining their risk. If you have a history of not managing your finances well - or if you're new to the credit scene and have little or no credit history - you will be considered a riskier contract, and the rates you are offered will reflect that.
A number of variables are used to determine the APR you are offered at a dealership, bank, credit union, or financing company. This includes factors such as prevailing rates, the amount of your down payment, amount financed, the vehicle's make and model, the length of the financing contract, special offers and market conditions. A strong co-applicant may improve your ability to secure a lower APR. The vehicle financing industry is highly competitive - you will find that it's not uncommon when shopping around for your financing that you can find different APR's even just down the street from each other. Shopping around, and negotiating your financing, will put you in a solid decision-making position.
Yes, financial institutions offer loans to purchase used or second hand cars. However, interest rates would be slightly higher for such vehicles. Other factors such as repayment capacity, car value, etc. would be considered the same as they would for a new vehicle.
Although income requirements vary from lender to lender, your gross monthly income should be at least $1600.
Many times, if your credit score and other factors are good enough, you do not need to prove income. As always, the better off you are credit-wise, the fewer hoops you will have to jump through.
There is absolutely no charge or obligation involved with our loan application process.
Please allow up to 48 business hours for one of our finance advisors to respond to your online application. A finance advisor reviews your completed application, qualifications, and approvals within this timeframe.
We work with a network of dealers nationwide that have a large selection of options, and have the financing available for a wide range of credit circumstances.
With dealer-arranged financing, the dealer collects information from you and forwards that information to one or more prospective auto lenders. If the lender chooses to finance your loan, they may authorize or quote an interest rate to the dealer to finance the loan, referred to as the "buy rate." An online car loan works a lot like any other financing except that it's faster than more traditional methods, and puts you in control of the process.

With bank or other lender financing, you go directly to a bank, credit union, or other lender, and apply for a loan. Be sure to compare the financing offered through the dealership with the rate and terms of any pre-approval you received from a bank, credit union, or other lender. Choose the option that best fits your budget.

Because nearly all lenders - including banks, finance companies, and credit unions - will only loan money for a car or truck if a dealer is involved. One of the advantages of using our site is that our dealers are connected to hundreds of lenders, which improves your chances of getting a better interest rate.
When you apply for a loan, the lender will check your credit report. This check places an inquiry on your report. Multiple inquiries within a short period of time can be viewed negatively by lenders and could potentially lower your chance of being approved for a loan. However, the occasional inquiry should have no negative impact on your credit.
To help ensure that your loan application is processed as quickly as possible, we require certain items, such as a daytime phone number and social security number. Once your application reaches a loan advisor, the phone number you provide allows the advisor to contact you as soon as possible. We require your social security number for the lenders to process your loan.
Let us help get you into the car you deserve

The Right Car. The Right Loan. Right Now!™