insurance what type? how much?: Auto loans

Auto loans

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Auto loans

What are the interest rates for my auto loan?

Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your auto loan expert will explain these factors, and tell you exactly what your interest rate will be.

How long does the application process take?

You will be contacted very promptly by the Regional Processing Center handling your loan request. The approval process is usually within several minutes to a few hours.

Can I get an auto loan even if I have bad credit?

Of course! Our lenders will work with you every step of the way to help you get approved! Our lenders specialize in helping you get the auto loan you deserve.

Will it help if I have a co-signer on the loan?

If your co-signer has good credit status, this will definitely help your chances of getting an approval.

Are there any fees associated with your auto loan application?

This is an absolutely free service.

What kind of vehicles can I get through your service?

Our nationwide network of auto dealers provides for all types of vehicles, both new and used. Sport Utilities, Vans, Trucks, Passenger Cars, Luxury Cars and Sports Cars.

If I buy a Pre-Owned Vehicle, how can I be sure it is reliable?

All of our Dealers offers Protection Plans and Extended Warranties that will cover your vehicle and give you peace of mind.

Is a down payment required?

No, you will not have to make a down payment.

When will my first monthly loan payment be due?

Your monthly payments will fall on the due date you specify on your loan application - and your first payment will be due on the first occurrence of your due date. For example, if you select the 15th of each month for your payment due date and your check is funded on the 10th day of October, then your first payment would be due on the 15th of November. Note: If the first payment falls on a weekend or holiday, the payment will be due on the next business day.

If I choose to sell my car to another individual, can my loan be assumed, or taken over, by that person?

No, your loan is not assumable by another party.

What loan amount should I request?

We suggest that you apply for an amount greater than the amount you think you'll need in order to give yourself some flexibility. Remember that your actual loan amount will be the amount you fill in on your check. For a new or used purchase from a dealer, this can include the sale price of your vehicle, taxes, licensing and registration fees, credit insurance, extended warranty/service contracts, and any other fees, less the value of your trade in and/or down payment.

What is the largest loan amount I can get?

You may apply for a loan amount up to $75,000. However, we suggest you apply for a loan based on your need. If you apply for a loan greater than that which you qualify for, we will let you know. You may then decide whether to proceed with the loan.

What if I want to pay my loan off faster than planned? What If I want to pay it off all at once? Are there any penalties for prepaying my loan?

No, you may pay off either a portion of your loan or the entire amount at any time without incurring any penalties. Any payment you make above your regular monthly payment is usually applied to the principal balance of the loan.