Frequently Asked Questions ( FAQs )
Are you a lender?
We are not a direct lender.
We are a service for people that matches up car loan applicants
with local dealers and financial institutions.
I have no credit. Can I get an auto loan?
If you have no credit, then
you can start your loan process with us. We can assure you
it will be a good one.
I have a bad credit history. Will I get an approval
for auto loans?
The companies and dealers we
work with accept a variety of applicants, many of whom have
a poor credit history. We will likely be able to provide
you the right help no matter how bad your credit situation
How much time will it take to get an approval?
As soon as you apply, we start
the processing of your application. Usually you will receive
a response from a participating dealer or financial institution
within a few hours. And then you're on your way to buying
a car of your choice.
What interest rates will I qualify for?
The interest rates you will
pay for auto loans will depend on loan amount, term, credit
rating, repayment ability and market trends. A dealer or
financial institution will contact you with more information
after you apply.
Is it necessary to have a co-signer?
It is not a requirement to
have a co-signer, but with a co-signer you can likely get
better interest rates.
Is my personal information secure?
Our loan application form is
absolutely secure. Each and every detail that you provide
Will I be charged a fee if I apply on your site?
The application process is
absolutely FREE! We are funded through alternative means.
What kind of vehicle am I entitled to purchase?
This will depend upon the size
of the loan and the terms extended to you by the dealership.
After you apply, they will get in touch with you to provide
you with more details.
What are the basic requirements to qualify for an
You must be a US Residents at least eighteen years of age.
What if I'm Self employed?
Being self employed in most
cases is not a problem.
What if I have a trade in?
Trade ins are welcome - running
or not. If you owe money or have clear title we can help.
What if I have a repossession?
Many of our customers have
had repossessions in the past. Our business is helping you,
the customer 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
What if I don't have money to put down?
We have Many Programs that
either allow you to put Zero Money Down, or when a down payment
is required, allows you to defer all or part of it.
What is my interest rate?
Interest rate is determined
by the lender. In short, the greater the risk they feel
exists the more interest rate they will apply. However,
in Most States the law protects the consumer with a maximum
interest rate of 17.95% on all 2001 and newer vehicles.
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
How much income must I have?
The usual minimum income required
is about 1200 per month. This varies from lender to lender.
Do you report to the major credit reporting agencies?
All of our loans are 100% bank
financed and the payment history is reported monthly.
What if I'm a first time buyer?
We have many programs for first
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.
How much will my monthly payment be?
This is determined by
several factors (Amount of purchase, interest rate, term
and down payment). To Help we have added a payment