Frequent Auto Loans Questions
Auto Credit Center is dedicated to helping car buyers with Good Credit, No Credit or bad credit histories obtain auto loans in a fast no hassle environment.
Our national network of auto dealers and lenders want to make your car buying experience positive, quick and hassle-free. If you have damaged credit, bad credit auto loans are a powerful tool to help you to re-establish your credit while driving a new vehicle.
The following is a list of frequently asked questions about obtaining auto financing
1. Do you offer auto refinance?
Yes. Auto Credit Center does provides the ability to apply for an auto refinance loan. Auto refinance gives you the opportunity to lower the payments on your current auto loan. To receive apply for auto refinance
2.Who may apply for Car Financing?
Residents of the US over the age of 18 who are currently employed can apply for a used car loan or bad credit auto loan.
3. I just applied online, How long before I am contacted?
While times vary it could take anywhere from a couple of hours or
up to 72 hours depending on when you applied for your auto loan
financing and the lenders response time. You will be contacted immediately
upon completion of the process. It may take slightly longer if you
applied on a weekend or holiday.
4 Can I get an financing even if I have bad credit?
Of course! Our lenders will work with you every step of the way to help you get approved for a bad credit auto loans! Our lenders are specialists in helping you get the auto loan financing you deserve.
5. Will it help if I have a co-signer for the used car loan?
If you have a co-signer who has established credit and a good credit status, it will l definitely improve your chances of getting an approval for a bad credit auto loan.
6. Is the Auto Credit Center program for new cars or used cars?
We work with both Franchised Dealers and some of the most reputable auto finace lenders in the country. Both our lenders and auto dealers offer both new and pre-owned vehicles. Our financial experts will help you determine the best situation for you.
7. What are the interest rates for my bad credit 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 finance expert will explain these factors, and tell you exactly what your interest rate will be.
8. Is there any cost to apply for a used car loan?
No! There are no fees or costs to Apply Now! It's
fast, simple, secure, easy to use and FREE!
9. How long is the online car financing application?
The application asks the information needed to process the application
and takes about 2 - 3 minutes to complete.
10. What is the next step after I submit the application?
Your application is processed by our dealer network and an authorized
representative will contact you within three business days.
11. What is the difference between Traditional Auto Loans
and Special Finance or Subprime auto loan?
Prime lending is for people who have excellent credit, with no recent
dings on their credit history. Special Finance, also know as Subprime
auto loans, are granted to people who have less than perfect credit.
12. Does applying to multiple lenders for auto financing
have a negative affect on my Credit Bureau score?
No. At the present time, the credit scoring agencies say that all
credit inquiries within a 14 day period associated with one type
of buying are consolidated into one inquiry for scoring purposes.