Bad Credit Auto Loan FAQs

How much can I get approved for?
The loan amount that you will get pre-approved for is based on a number of factors. You must be current on your bills and show ability to pay. We will lend approximately 60% of the retail value of the car up to a maximun loan amount of $30K.

How much money down do I need?
The amount you will need down will vary depending on the amount of the loan. You will need to be able to provide a down payment of approximately 40% of the retail price of the vehicle.

Will inquiries affect my credit rating?
If you're shopping around for bad credit auto loans, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquiries can actually make getting an auto loan more difficult.

What are the monthly payments?
Monthly payments are based on your credit profile and the vehicle you are purchasing. Please use our auto loan calculator to get a good understanding of what your payments will look like over the life of your loan.

Will a co signer help?
If you have bad credit, no credit, recent bankruptcy, or foreclosure a co-signer with a good credit rating will often help you to qualify for the best auto loans, interest rates and loan repayment terms. The amount that you qualify for, however, will still be based on what you can afford.

What are the interest rates?
A very good question for which there is not a direct answer. We will get you the best rate based on your credit profile. The higher your credit rating and down payment the lower your rates will be. Also, the model year of the vehicle plays an important role.

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