Drive Off with a Great, Low Auto Loan Rate

You don't have to... but it can certainly help! The turnaround time for a pre-approval decision is very fast (almost instant), especially if you have all your supporting documents to apply for an auto loan. Once you're pre-approved, the auto loan is valid for 30 days, so you have some wiggle room before you seal the deal.

Absolutely (as long as you keep up with your payments)! There are many factors that go into a credit score, but being a responsible auto loan holder helps since you’re building payment history and have an installment loan.

Understand all the important factors of a credit score >

Short answer? Yes! The more money you're able to put down, the more money you’ll save in the long run.

Your down payment helps to limit the amount of interest you’ll pay over the life of the loan. Granted, this does vary based on the amount of your auto loan and the lender you choose. Here are the 4 main benefits of down payments:

• Increases your chances of loan approval
• Limits overall interest
• Lowers your monthly payments
• Helps to offset depreciation

Check out our Learning & Guidance article on all of the benefits of a down payment >

If you’re buying a new or used vehicle, make sure you plan and budget for these additional costs:

• Sales Tax
• Title and Registration Fees
• Dealership Fees (if you’re buying from a dealer)

Take a peek at all of the costs you should plan for upfront, monthly, and occasionally in our Learning & Guidance Article for What Are the Costs That Come With an Auto Loan >

You sure can! We’ve outlined the process of buying from a private seller and the documentation you’ll need to complete the transaction in this Learning & Guidance article >

Sure! If you already have an auto loan and are interested in purchasing another vehicle, you can absolutely apply. If you have questions about your specific situation, use the Contact Us form below, and let's chat!