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 is.

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 to us will be treated as confidential per our privacy policy.

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 auto loan?

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 need.

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 income

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 time buyers.

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 calculator.