Frequently Asked Questions
1. How fast will my application be processed?
You will hear back from a representative within 10 minutes of your submission of the application.
2. What if I have bad credit or declared bankruptcy?
We offer a range of products to meet the needs of customers with strong credit histories as well as those who have experienced credit problems. If you do not have perfect credit we will, at your request, attempt to find a lender who can help you. Simply fill out the credit application online and press submits.
3. What is GAP insurance?
New cars can depreciate as much as 20-30% in the first 2-3 years*. As a result, insurance payouts can be much lower than the vehicle purchase price-even for those with full coverage. GAP (Guaranteed Auto Protection) insurance is additional protection to cover this "gap" between what one owes on a financed vehicle and its actual cash value, which is usually lower.
As an example, let's say you borrow $26,000 for a new car and its totaled one month later. In the eyes of the insurance company, that vehicle has likely depreciated up to 30% (or about $7800) immediately after you drove it off the lot. Without GAP insurance, you could pay the full difference between what you owe to your lender and what your insurance company pays out to you! You can see why it's important.
Please note that GAP insurance is cancelled after refinancing a vehicle. Those who plan to refinance for greater savings, and are currently covered, will need to reapply to maintain it.
* Actual rates of depreciation may vary based on a number of factors
4. Is there a down payment required?
It depends on the lender and the requirements due to many variables.
5.How do I apply for a car loan?
The fastest and most convenient method is to us through our online credit application. All you need are a few minutes with our easy to use application. Our process is free and secure and only takes a few minutes to complete.
6. What kind of vehicle can I get using your service?
Auto loans will be advanced for any kind of vehicle chosen by our customers. From used vehicles to new vehicles and from low-end vehicles to high-end vehicles, we will finance all.
7.Are there any fees associated with your auto loan application?
This is a completely free service.
8. What kind of vehicles selection do you carry?
We have several locations with 19 different car and truck franchises such as: Chevrolet, Buick, Pontiac, GMC, Cadillac, Hummer, Chrysler, Dodge, Ford, Lincoln, Mercury, Mazda, Kia, Mitsubishi, Subaru, Toyota, Audi, Volkswagen, and Hyundai. So we can suite your every need.
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