We are here to help you to get the best car loan so that you can buy the car that you want. Our auto loan financing is simple and easy with our online car loan application.
We have an extensive network of car dealers that can work with you regardless of your credit, we can get you the best car loans possible.
Whether you are buying a new or used vehicle, applying for car loans, or auto refinancing, we can get you approved for the car loan that you need.
It has never been easier to apply for auto loans!
How to Get a Car Loan with Car Loans of America:
Step 1. Meet the lender’s qualifications
Step 2. Determine how much money you need to borrow and how much you can afford in monthly payments
Step 3. Apply for the car loan
Step 4. Get approved and choose how you want to be advanced
Step 5. Receive money and purchase the vehicle
Step 6. Repay the loan as stated per the contract
Qualifying for Auto Loans …
As one of the best online auto loan brokers, our process to get a car loan is fast, simple, and easy. First of all, to qualify for a vehicle loan, you must provide:
• Proof of income (pay stubs, direct deposit slips, or tax returns)
• Driver’s license (must be 18 or older)
• Proof of residence (utility bills, rent receipts, or any legal document with your address on it)
• Five references (in case we lose contact)
• Your permission and agreement to insure the car
• Credit check application
Online Car Loan Applications
We have made it easy for you to apply, with our online car loan applications, you can apply with us at any time, our team of skilled agents, will work on your application and get you a fast pre-approval.
We have made the whole process very convenient for you to get your easy car loans application approved, and we will get you the right financing that you need.
Easy Car Finance Loan Terms, and APR
At Car Loans of America, we have competitive rates on auto loans with quick approval times. Our simple, one-page application allows consumers to apply for both new and used car loans online.
Qualified buyers seeking a car loan can potentially receive an unbeatable offer through us with a car loan company for their car purchase.
Our easy car finance pre-approval gives qualified applicants the confidence and ease of mind to shop as though they are a cash buyer. Our customers can visit auto dealers within our trusted network while knowing their car loan terms.
This includes the auto loan amount and annual percentage rates. We request proof that you earn income regularly to ensure that your income can comfortably afford the auto loan terms that are customized to you.
However, if you are a business owner, independent contractor, have a commission-based job, or by one way or another have varying monthly income, we will work with you.
It’s our duty to find a convenient prepayment plan for you. We’ll be sure that it’ll suit your unique financial situation. We’re interested in serving everyone in need of the best auto loan deal.
Best Car Loan Companies And Credit
A FICO score is a measurement of your risk as a borrower. It is used by lenders to help determine how much they will charge you.
The score is affected by the financial decisions you make such as the amount of debt you take on, the frequency of opening a line of credit and paying down debt.
With your credit, we will find you the best car loans that will work in your budget, with our large network, we will find you the best car loan companies so we can choose the best one for you.
Your Car Loan And Credit
A FICO score of 700 and above is considered a very low risk to the lender which makes getting a car loan is easy. You’ll enjoy certain privileges and lower rates.
For example; with a 700+ FICO score, you get a car loan at an APR as low as 3% and you enjoy a longer loan repayment period. So, you will also enjoy a lower down payment and have more negotiation power.
Rather, a FICO score ranging from 600 to 699 is low risk and considered good credit. You can get a loan period of up to 48 months and an APR as low as 10%.
Your down payment is still relatively low and you may also enjoy relatively low interest. With a credit score of 600 and above, the least auto loan amount you will get is $20,000.
Even more, with a FICO score of less than 600, it is considered risky for a lender to do business with you. Traditional lenders require a certain minimum credit score to qualify an applicant. This is where Car Loans of America come to your rescue. We work with people with bad credit and lend to those rejected by other institutions.
Requirements for Car Loans
We do our best to assist potential borrowers of diverse credit scores and income levels. If you’re a potential car buyer seeking poor credit car loans we ask that you have the following:
- Steady Job – Having a job for at least one year provides lenders with peace of mind in that the potential borrower has a reliable source of income. Most lenders lean towards borrowers who have been at their current job for around 2-3 years.
- Verifiable Income – Like a steady job, providing your monthly income helps identify if you make enough to follow up with your monthly payment. With no credit, auto loans providing a sufficient income level can replace the need to have credit upon application
- Down Payment – Having a down payment can drastically change your overall outcome in getting approved.
Monthly Car Payment with a Large Down Payment!
A down payment is the amount of cash or trade equity you’re willing to put up front when financing an automobile.
This down payment will affect the overall amount you’ll be paying monthly towards the car.
It minimizes your monthly payments and proves to auto lenders that you’re committed and ready to make the financial commitment that comes with purchasing a vehicle.
It’s highly advised to have 30% of the car value for your out-of-pocket cost. When applying for an auto loan, the amount applied for should include the cost of the car plus other additional costs that come with buying and registering a car such as sales tax and vehicle registration fee.
Cosigners for Auto Loans
Though we do auto financing with bad credit or no credit, you also have the option of getting a cosigner, a co-borrower, or co-applicant to levy your credit score.
This person should be creditworthy to improve your chances of being approved swiftly. Your co-signer could be a family member or a friend.
The cosigner fulfills or plays the role of helping out with the loan terms if a default occurs, you fail to keep up with the agreement term.
Co-borrowers or co-applicants also give the car lenders additional assurance that the loan money will be repaid eventually and on schedule.
Getting a car loan is much easier with a cosigner who has a good credit score, as we take the average credit score of the borrowers.
Auto Loan Companies
Certainly, it’s understandable that we all encounter financial issues. Late and missed payments can affect your credit score. However, these issues shouldn’t hold you back from getting a car loan to purchase the car of your dreams.
Certainly, there are lenders/brokers like us that work with auto loan companies that work with bad credit. Similarly, they get consumers the auto loans they need to finance a vehicle purchase easily!
We accept car loan applications from consumers of all credit levels and have financed thousands of borrowers with poor credit scores.
Certainly, there are ways to strengthen your application and improve the chances of car loan approval with better rates. A down payment and a cosigner, for example, are great ways to increase auto loan approval chances.
Online Car Loans Calculator!
Our auto loans calculator is a necessary tool if you wish to get the most suitable car loan based on your budget.
Furthermore, the calculator can help you find out how much of your monthly payment will go to the principal and how much will go to the interest. Most noteworthy, the principle is the amount of money that you originally borrowed for the car loan.
Average Car Loan Amounts, Loan Terms, and APR …
• Auto loan amount (comprises the cost of the vehicle, car registration, tax, etc)
• Car loan term (the duration of the loan term)
• The auto loan rate (expressed as an APR)
So, by inputting these details into our car loan calculator and comparing numbers? You’ll be better informed about how much you can afford.
With this estimate, we can find the right car for you. Customers can get pre-approved in no time, and then you can purchase a vehicle.
With Car Loans of America, the case is different. Even more, paying back your bad credit auto loan after bankruptcy may help to improve your credit score.
Auto Loans for First-Time Car Buyers!
Finally, for first-time buyers seeking an auto loan for their first car, we are here to help! We’ve assisted thousands of first-time buyers throughout the U.S. to get their first car.
With our online application new can get you fast car loans, so for first-time car buyers, it will be easy to find out how much you will qualify for.
When you contact us, we will show you how to get car loans and walk you through the whole process, so you will not be confused.
Buy Here Pay Here Car Dealerships
Buy here pay dealerships not only sell vehicles but also act as a financial lender by providing those with bad credit with the dealerships ‘in-house’ financing.
Certainly, interest rates at buy-here-pay-here dealerships are much higher than other lending alternatives and options.
Auto Loan Benefits with Car Loans of America
• First of all, we have an easy application and fast auto loan approval
• Flexible vehicle loan payment terms – up to 48 months
• Access to affordable and competitive auto loan APRs (not more than 24 %)
• Access to our comprehensive dealer/partner network to help you find the car that suits you
• Friendly and effective customer service
• No credit limitations for fair or bad credit rating
• Zero hidden charges with our affordable car loans
• Also, no bankruptcy limitations
• As a result, no mileage or age limit for our used car auto loan
Conclusion For Car loans
We are here to help you to get the best car loan, no matter what your credit score is. you can apply online to get your application started.
We will help you find the right car finance company for you and your credit, we will get you the financing that you need.
Alternatively, you can give us a call at (844)243-4437 and one of our friendly customer service representatives will help you throughout the auto loan application process.
Rest assured, when you’re applying for online auto loans through our online car loan applications or by phone, we’re here to help you! Learn more about Car Loans at https://en.wikipedia.org/wiki/Car_finance.