Advice on dealing with dealers. We offer an entire section designed to save you time and money!
Pretty simple minimums
We can increase your chances with reputable lenders
To qualify for an automobile loan through our network, you will need at least $1,400 in gross monthly income, and be a U.S. resident at least 18 years old.
Important restrictions:
- No refinancing or title loans available
- Vehicle must be purchased from within dealer network
- No auto loans available for private sales (i.e. buying a car directly from your neighbor)
Can You Tell Me My Rate Over The Phone?
Not that easy. Your interest rate will depend upon:
- Whether you are buying a new or used car
- The length of the loan
- The amount of the downpayment.
Can You Give Me A Hint?
You can match your credit score to expected rates at www.myfico.com. In round numbers, if your score is above 700, expect to pay around 7 percent. If you are in the 600s, you'll pay between 7.5 to 10.5 percent. If it's in the 500s, expect to pay 15 percent; below 500, you'll see rates at 18 to 20 percent.
Click here to see why those numbers aren't as bad as you think.
