Frequently Asked Questions
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Why should I use the Car Loan Alliance to secure my
auto loan?
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What
used car makes and models can I buy?
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Will I
need a down payment for my used car?
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Will I be
approved for a new auto?
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May I buy a
used auto from my friend?
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I'm unsure about my credit. Can I still qualify for a
low interest car loan?
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Can you assist people with bad credit
or no credit?
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I have a co-signer. Will this help me
to get a loan?
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How long will it be to get my auto loan approved?
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How long till I
own my new car?
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Do you provide loans for people with a past
bankruptcy?
Why should I use the Car Loan Alliance to secure my
auto loan?
The Car Loan Alliance provides the easiest
and quickest method to get approved for your car loan and
purchase your next vehicle. Whether or not you have good, bad
credit or no credit, you can be approved for your loan within
minutes and drive off in your car today. We pride ourselves on
our outstanding customer service. Our service is completely
free to use.
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What used car
makes and models can I buy?
We don’t limit you to used cars or to any
particular make or model. In fact, you can buy a new car if
you’d like, but we ask that any used car you look at to be less
than ten years old.
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Will I need
a down payment for my used car?
Down payment requirements are often based on
your credit history. Whether you have a co-signer(s), and a
number of other factors affecting your ability to make a down
payment, our lenders are willing to work with you. Keep in mind
that a down payment greatly reduce your monthly payments so if
you’re looking at decreasing them, it would be best to provide
some type of down payment.
Please visit our comprehensive loan
calculator on our website to get a general idea of what your
payments would be with and without a down payment.
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Will I be approved
for a new auto?
Our partner dealers sell thousands of new and
used autos. Most customers are eligible to purchase a new, one
or two year old car with fewer than 50,000 miles. We work hard
to find the best car loan for you and your family. Once you have
completed the LoanFinder
,
your application will be processed by our professionally trained
specialists. Their main goal is to provide you with the best
possible auto loan with an affordable monthly payment. Our
nationwide network of car dealerships and financing
instittutions have all the current programs to get you approved
today. When you are approved, you may purchase the new/used car
or truck of your choice.
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May I buy a
used auto from my friend?
No. Since most banks and financial
institutions will only loan money for an auto car or truck when
there is a dealer involved, we can only assist you with vehicles
purchased from our partner auto dealers and lenders. To ensure
your car shopping experience is a positive one, we partner only
with the best professional dealerships. With the stamp of
approval by our top dealers, we feel confident you will select
and purchase a reliable vehicle that has been thoroughly
inspected.
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I'm unsure about my credit. Can I still qualify for a
low interest car loan?
The Car Loan Alliance works hard to find
important information about our customers so that we can truly
understand their unique history. Together with our extensive
list of participating dealers and lenders, we will find you the
best loan terms and rate available, even if you have less than
perfect credit.
If you are not satisfied with the terms you have been offered,
please check in with us again and complete
LoanFinder
in 3-6 months if your credit situation has improved.
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Can
you assist people with bad credit or no
credit?
Yes. A large majority of Americans have had
some past credit problems. We specialize in helping customers
with all types of credit find auto financing, even when other
dealers and lenders have given up. Since we work with ally types
of individuals, we have developed a process to truly understand
our customer's credit profile. If you have no credit, bad
credit, or good credit, we encourage you to apply with us.
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I have a co-signer. Will this help me to
get a loan?
Under many circumstances a co-signer will
help you to obtain a car loan. Lenders will consider the credit
reports, income, assets, debts and other information of both
parties. Before you decide whether or not to include a
co-signer, look closely at your combined financial picture.
However, you must still meet certain income and financial
requirements to qualify for a loan, however. A cosigner can be a
family member or a friend with good credit.
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How
long will it be to get my auto loan approved?
From the time you submit your information to
us, you can be approved within 15 minutes. Most customers are
contacted regarding their car loan within 2 hours, though you
should expect to get a phone call from a professionally trained
financing specialist within 12-24 hours.
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How long till I own my new car?
If approved, you can expect to drive away in
your new car within 24-48 hours.
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Do you provide loans for people with a past
bankruptcy?
Under certain circumstances, we may be able
to assist you. Please provide all relevant information
pertaining to the bankruptcy under the appropriate section of
the credit form and we will let you know if we can refer you to
a qualified dealer.
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