Car Loan

Let's get started for Car Loans

These 3 factors are calculated together to determine your down payment, term options, and an affordable monthly payment.
We take care of all of the numbers for you, regardless of your previous credit performance.



The principal is the total vehicle cost including possible fees from the dealership and any additional add-ons.



The term is the length of time you will be paying on the loan. Terms generally run between 36 and 72 months.

Interest Rate

Interest rate

An interest rate is the amount of money the lender will charge you for the use of the loan.

What you
Need to know

Auto loans are usually granted through a bank lender or credit union. Buyers with the highest credit scores will secure the lowest auto loan rates. If you have bad credit, or no credit, it will be difficult for you to obtain the loan you deserve. Banks will often reject applicants with poor credit. Some institutions have financing options available, but the rates are sky high and you will probably be paying for a long term. Also, few people can buy a car outright without completely depleted their saving account. Although, some dealerships do offer their own financing that allows customers with poor credit an opportunity to get a car loan. Some people who have no other option. This is called dealer direct financing.