Minimum Requirements

To qualify for an automobile loan through our lending network, you will need:

• At least $1,600 gross monthly income
• No current bankruptcies
• No repossessions in last 12 months
• To be a US 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 so fast, my friend. 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

The other factor, of course, is your credit score -- and can match your credit score to average interest rates at www.myfico.com.

As a general rule, 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 may see rates up to 20. The key, however, is that with a score like that YOU CAN STILL GET A LOAN. And that's the important thing. More.