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Frequently Asked Questions

Some of the most common questions and answers for financing a car.

Why should I use an online car loan application?

Using the internet to apply for a car loan brings with it a number of advantages. For example, consumers can use a car loan calculator in order to figure out how much car they can afford. They can also do research on the pricing of the makes and models that they are interested in. Learn more about the advantages of online car loan applications.

Is there a charge for your service?

There is absolutely no charge or obligation involved with our loan application process.

Why do you only work with dealers?

Because nearly all lenders-- including banks, finance companies, and credit unions --will only loan money for a car or truck if a dealer is involved. One of the advantages of using our site is that our dealers are connected to hundreds of lenders, which improves your chances of getting a better interest rate.

Is my credit rating affected by inquiries on my credit report?

When you apply for a loan, the lender will check your credit report. This check places an inquiry on your report. Multiple inquiries within a short period of time can be viewed negatively by lenders and could potentially lower your chance of being approved for a loan.

Why does your application require personal information such as my social security number?

To help ensure that your loan application is processed as quickly as possible, we require certain items such as a daytime phone number and social security number. Once your application reaches a loan advisor, the phone number you provide allows the advisor to contact you as soon as possible. We require your social security number because lenders need it to process your loan.

What is your minimum monthly income requirement?

Although income requirements vary from lender to lender, your gross monthly income should be at least $1400.

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Do I Qualify?

18 years old or older?
Sorry, you need to be 18 years or older to qualify.
Earn $1,600 or more each month?
Sorry, you need to earn $1,600 or more each month.
Stable in your job and residence?
Sorry, you need to have a stable job and residence.
No repossessions within 1 year?
Sorry, you can't have repossessions within 1 year.
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