Bad Credit Auto Loans Frequently Asked Questions

New Car is dedicated to assisting car buyers with credit problems an easy way to get same day auto loan approval for that special new vehicle and simultaneously re-establish credit.

We want your car buying experience to be positive, quick and hassle-free. We also want you to be aware of the power a car loan has in helping you to re-establish your credit. Our goal is to help all parties’ involved work together smoothly so that everyone benefits from their involvement.

The following is a list of frequently asked questions about auto loans and auto refinance

1. Do you offer refinancing?

Yes. At Auto Credit Center does auto refinance, we give you the opportunity to lower the payments on your current auto loan. To receive a quote on refinancing an existing auto loan click here.

2.Who may apply for a Auto Credit Center auto loan online?

To be eligible for one of our online auto loan products, you must be 18 years or older and reside in the U.S.

3. I just applied for a loan, How long will it take to before I am contacted?

Times vary it could be a few minutes or in some cases up to 24 hours. You will be contacted immediately upon completion of the process. It may take slightly longer if you applied on a weekend or holiday.

4 Can I get an auto loan even if I have bad credit?

Of course! Our lenders will work with you every step of the way to help you get approved! Our lenders specialize in helping you get the auto loan you deserve.

5. Will it help if I have a co-signer on the loan?

If your co-signer has good credit status, this will definitely help your chances of getting an approval.

6. Is the Auto Credit Center program for new cars or used cars?

We deal with Franchised Dealers ONLY and they provide both new and used cars. Our financial experts will help you determine the best situation for you.

7. What are the interest rates for my auto loan?

Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your auto loan expert will explain these factors, and tell you exactly what your interest rate will be.

8. Is there any cost to apply?

No! There are no fees or costs to Apply Now! It's fast, simple, easy to use and FREE!

9. How long is the application?

The application takes about one minute to complete.

10. What is the next step after I submit the application?

Your application is processed by our dealer network and an authorized representative will contact you within one business day.

11. What is the difference between Prime lending and Special Finance or Subprime auto loan?

Prime lending is for people who have excellent credit, with no recent dings on their credit history. Special Finance, also know as Subprime auto loans, are granted to people who have less than perfect credit.

12. Does applying to multiple lenders for auto financing have a negative affect on my Credit Bureau score?

No. At the present time, the credit scoring agencies say that all credit inquiries within a 14 day period associated with one type of buying are consolidated into one inquiry for scoring purposes.