How much can I borrow?

There is no definitive answer to this question because no two situations are alike. It varies based on income, credit history, down payment, length of loan and the amount requested. After completing the application, you will see what options are available to you.

Will I need a down payment for an auto loan?

Not all lenders will require a down payment. If they do, the amount of the down payment is determined by the lender at the time of your approval.

How much will my car payments be?

The amount of your monthly car payment is dependent on a several factors such as your down payment, interest rate, loan term (length of your loan), and loan amount.

What type of vehicle can I afford?

This depends on a variety of factors, such as income. You will find out what you can qualify for during the loan process.

Can I use my auto loan to purchase a car at any auto dealership?

Your auto loan allows you to purchase a vehicle at any franchised dealership that sells new and used vehicles, such as Ford, Nissan, Subaru, VW, Chevrolet, Mazda, or Toyota, to name a few.

Do lenders have any restrictions on the model year or mileage of the vehicle I want to purchase?

The vehicle model year and mileage requirements will vary by lender.

Are there restrictions on the type of vehicle I can purchase with an auto loan?

The majority of lenders will finance both new and used cars, light trucks (less than one ton), and SUV’s.  Some lenders do have restrictions or will not finance certain models, such as:

  • High end sports cars
  • Conversion vans
  • Vehicles that have been salvaged
  • Vehicles that have been auctioned or repossessed