Questions about Auto Loans?

Q: How long does it take to get an online auto loan quote?

A: Depending on the individual's credit score and history. An auto loan quote can be given in minutes and up to a couple days max.

Q: Why do dealerships charge higher interest rates then online auto financing sites?

A: For the most part this is a convenience charge, because they know individuals will pay more to get their car in a single sitting.

Q: Can someone else take over my loan if I want to get rid of my car?

A: If someone wants to take over your loan they have to apply for an entirely different loan. One can not just switch the names on a current loan.

Q: Are bad credit auto loans better then regular auto loans?

A: No, if you can be approved for a regular auto loan, do it. Bad credit auto loans offer higher interest rates.

Q: How old must I be before I can get an auto loan?

A: Anyone in the United States must be a legal adult (18 years old).

Q: How long does it usually take for someone to be relieved by their co-signer?

A: Most people can refinance their loans with their own credit between 12 and 18 months.

Q: If someone says you are "upside down" on your vehicle's loan, what does that mean?

A: If the value of your vehicle is only $6,000.00 and the amount of money you still owe on your loan is $8,000.00, then you are $2,000.00 upside down on your loan.

Q: Should I apply for a loan before I have the car picked out or after?

A: This is the buyer's decision. If you wait until your find the car you want you can get the loan for the exact amount. However, sometimes cars can be swiped out from under you this way. If you get your loan ahead of time, it will usually not be anywhere near what you end up paying. Most people prefer to find the car before they get a loan.

Apply Now

Applying for an auto loan over the internet is very easy. Don't sit in a waiting room ever again to get approved for your auto loan. When you are ready to sit in the comfort of your own home and get the auto loan for the vehicle you have always wanted, submit an application today!