Auto Loans  FAQ

Before you apply for an auto loan, make sure that you read over this FAQ to have any questions answered. You must know what you are getting into beforehand, so read this over thoroughly, so that you do not end up in a position that you are not prepared for.

1. My credit score always seems to stand in my way when I attempt to make a purchase. Will my bad credit prevent me from securing any auto loans?

The short answer here is no, but it will have an impact on your rates. Basically, our auto loans are available to absolutely everyone and we can virtually guarantee your acceptance. This problem is that many lenders do not look fondly at those with bad credit, so you might have to pay higher rates. Do not worry, however, as our auto loans are always finalized with your well-being in mind. We will find you the best possible rates regardless of your credit score, so you can enjoy some savings, even if you have bad credit.

2. I have never bought a vehicle before. Will this affect my ability to receive car credit?

No, in fact, it can be said that these auto loans are specially made for those without past credit or experience purchasing vehicles. The reason is that you can apply for your auto loans before you head to a dealership, so you will know exactly how much you can spend on a vehicle. This gives you all kinds of leverage, as you can walk away from deals if your auto loan was not high enough. This is significant because many dealerships will often bring their prices down in order to make the sale, especially if they are not providing the financing for you. Therefore, our auto loans can actually help you to save money.

3. How large of a down payment should I make?

This is completely up to you, although you will save money long term if you make a larger down payment because your rates will drop. Many dealerships offer vehicles with no money down, but you will end up paying more in the long run, so it is not a good deal. We recommend that you make a large down payment if you can afford it, but do not put yourself in any financial trouble when doing so. The purpose of these auto loans is to eliminate financial problems, rather than create larger ones. In the end, you should be happy with your monthly payments and your vehicle and that is our end goal.

We hope that your auto loans questions have now been answered and remember that we also offer auto refinancing, which will help you lower your monthly payments.