Auto Loan Categories and Financing Option Information - What Will You Need To
Know?
New / Used Auto Purchase Loans
Shop at any Franchised Dealer in your state like a cash buyer!
Let Autoloanlocator.com Inc. do the leg work for you by sending your auto loan application ONLY to lending institutions and/or dealer lending partners who accept your specific application information.
Apply online for a 'cash voucher' pre-approved loan, allowing you to shop at Franchised or Authorized Independent Dealerships as a ‘cash buyer’.
Use an Autoloanlocator.com Preferred Dealership to help you fulfill your auto loan request and get you into the driver’s seat.
The vehicle you are interested in must be 5 years old or less;
The mileage cannot exceed 70,000
The auto loan amount must be for a minimum of $7,500. If your intended purchase is less than $7,500 please expand your search for a “Personal Loan” to handle your needs.
Private Party Auto Purchase Loans
Buy Person to Person from a friend, neighbor or even using the Classified Ads
To qualify for a Private Party Person-to-Person Loan you MUST meet the following
minimum underwriting criteria set by the participating auto loan institution:
You must have good to excellent credit for a Private Party Loan. If you would
like to check your credit, go to:
AnnualCreditReport.com.
The vehicle you are interested in must be 5 years old or less
The mileage cannot exceed 70,000
The auto loan amount must be for a minimum of $7,500. If your intended purchase
is less than $7,500 please expand your search for a “Personal Loan” to handle
your needs.
The title on the prospective vehicle must be clear of all liens for the new
auto loan lender to secure the vehicle as lien holder.
If you do not meet the above recommended requirements, please consider applying
a Preferred Dealer pre-approval for a new or used auto from a Franchised or
authorized Independent Dealership by selecting the New or Used Purchase loan
type.
Auto Lease Buy-out Loan Option
Want to keep your car when your lease expires? Turn your current lease into a Purchase!
To purchase your leased vehicle, apply for approval on the total amount due at
the end of lease.
Lease Buy Outs must meet the following criteria:
For a Lease Buy Out, you must have good to excellent credit. If you would like to
check your credit, go to: True Credit for a free credit score .
Your vehicle mileage must be less than 70,000
Your original lease must be for 5 years or less
All lease payments were made in a timely manner.
If you do not meet the above recommended requirements, please consider applying a
pre-approved ‘cash voucher’ or Preferred Dealer pre-approval for a new or used
auto from a Franchised or authorized Independent Dealership by selecting the New
or Used Purchase loan type.