Car Financing Basics

At least $1500.00 gross monthly income for credit scores under 625.

All bankruptcies must be discharged.

No auto loan repossessions in the last year unless included in the bankruptcy.

Approved auto loans are for the purchase of a new or used vehicle from an authorized licensed dealer only.

US residents only at least 18 years of age with a valid drivers license.

Know the difference between interest rate and APR.

Vehicle loans are a part of the equation in the vast majority of new and late model used vehicle purchases. Interestingly, consumers will spend days shopping vehicle prices, yet many do not shop around for the best car loan rates. Learn more auto loan calculator.