Can I get an auto loan even if I have bad credit?
Yes! Our lenders will work with you every step of the way to help you get approved! Our lenders specialize in helping you get the best possible auto loan.
What are the interest rates for my auto loan?
Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. One of our auto loan experts will explain these factors, and tell you exactly what your interest rate will be.
What if I'm self employed?
Being self employed in most cases is not a problem.
What if I have a trade in?
Trades are welcome - running or not. If you owe money or have clear title we can help.
What if I'm upside down in my trade?
In most cases we can get a little extra help from the bank to overcome negative equity.
What if I have a repossession?
Many of our customers have had repossessions in the past. We are here to help you re-establish credit.
What if I have a bankruptcy?
Whether it's a discharged chapter 7 or an active chapter 13, we have many lenders that specifically specialize in auto loans for people who have this specific need.
What if I don't have money to put down?
We have many programs that either allow you to put zero money down.
What if I have a new job?
This is mostly a myth. Everybody changes jobs. What they are looking for is your ability to repay the loan.
What if I'm Disabled or on Social Security?
Being on disability does not hinder your ability to obtain financing. As far as Social Security goes, who could argue that you have a pretty secure income?
How much income must I have?
The usual minimum income required is about $1,200 per month, but varies from lender to lender.
Do you report to the major credit reporting agencies?
All of our loans are 100% bank financed and payment history is reported monthly. Some places will tell you they do. Not disclosing that only after the loan has fully been repaid.
What if I'm a first time buyer?
We have many programs for first time buyers.
How much will my monthly payment be?
This is determined by several factors: Amount of purchase, interest rate, term and down payment.
Will it help if I have a co-signer on the loan?
If your co-signer has good credit status, this will help your chances of getting approved.