Individuals with different credit histories are taken into account by Advantage Auto Loans, even those applying for a car loan in light of personal financial issues like bankruptcy. Even if you work for yourself, you can apply for a car loan by submitting details about your income.
Additionally, Advantage Auto Loans accepts applications from those who have never purchased a car before. Major credit agencies receive reports from the company’s partners. Your credit score will rise as a result of this reporting if you handle your loans well and make on-time payments. Additionally, Advantage Auto Loans may put you in touch with financiers who accept trade-ins. Despite the fact that you haven’t fully repaid your present loan, some lenders can nevertheless assist you.
Advantage Auto Loans’ Benefits
- Loans with no money down for individuals who qualify
- There are no prerequisites.
- Partnerships with lenders across the country who are willing to take into account each person’s particular credit history
- Incentives for first-time auto buyers, including no-obligation mortgage and personal loan quotes
Advantage Auto Loans’ Drawbacks
- Not everyone might be eligible for loans with no down payment.
- No loan prequalification is required.
- Preference will be given to applicants who make at least $1,499 before taxes.
- People may borrow more money than the car is worth.
Overview of Advantage Auto Loans
People with poor credit may be able to apply for auto loans with the help of Advantage Auto Loans. Advantage Auto Loans was founded as a result of the challenges associated with getting a loan when you have bad credit.
By removing some of the difficulties associated with applying for an auto loan, particularly for borrowers with bad credit histories, the business succeeds in fulfilling its purpose.
With lenders all around the country eager to consider your credit history, Advantage Auto Loans has collaborated with them. Advantage Auto Loans can negotiate loan terms and prices on your behalf in addition to connecting you with these lenders.
Although interest rates on auto loans for people with terrible credit are frequently higher, the experts at Advantage Auto Loans work hard to discover the finest offers for their clients.
Support for Zero-Down Loans
For those without enough money to make a down payment, Advantage Auto Loans partners provide zero-down loans.
However, not all applicants are qualified for no-down payment vehicle loans. And if you are eligible, carefully read your loan agreement because you might eventually pay more than the car is worth.
Before applicants submit their complete applications, certain financial lenders offer pre-loan requirements. You can learn about your chances of getting your loan approved via the procedure.
Prequalification does not guarantee approval, but it does give you access to a lender’s terms and interest rates in the event that your request is approved.
Prequalification is not supported by Advantage Auto Loans. You must fill out the credit inquiry and loan application forms in order to understand the terms and rates.
Preference for a Monthly Pre-Tax Income of More Than $1,499
Although Advantage Auto Loans accepts a variety of credit scores, the business wants clients with a pre-tax monthly income of at least $1,499 as their minimum.
More details regarding Advantage Auto Loans
Consider the following inquiries as you decide if Advantage Auto Loans can help your financial situation:
Who Can Get an Auto Loan?
Regardless of the kind of vehicle you wish to finance, Advantage Auto Loans serves all candidates for auto loans. Whether you have bad credit, have declared bankruptcy, or have no credit history, you are still able to apply for a loan.
The easy application process at Advantage Auto Loans guarantees that customers get the best auto loans. In order to assist customers looking for low-interest vehicle loans as well as those who require auto loans while having bad credit, Advantage Auto offers solutions for a variety of needs.
How long does the application process for Advantage Auto Loans take?
Applying for an Advantage Auto Loans takes less than 30 minutes. Following completion of all prerequisites, you get an email confirming the accuracy of your information.
A representative will get in touch with you to provide additional details on your auto loan application and direct you to the following move. In order for you to take your new automobile home sooner than you anticipate, the company has made the car loan application process simpler.
Does Advantage Auto Loans Deserve Your Trust?
Advantage Auto Loans is an authorized source of auto loans. The business has been providing auto lending services for approximately 20 years.
Without your permission, Advantage Auto Loans will not share your loan application with its affiliates. To reduce application risks, company representatives will get in touch with you to offer you available lenders. Again, if you are not approved for a loan, they will still have your application.
It’s also important to note that Advantage Auto Loans has the greatest business rating the Better Business Bureau (BBB) can provide, an A+. An A+ rating suggests that the majority of customers are happy with Advantage Auto Loans’ services. Due to the company’s lengthy operating history, the rating confirms its stability.
The BBB is a reputable organization that ranks companies according to customer complaints, years of service, and transparency.
In addition to its stellar reviews, Advantage Auto Loans offers first-time car buyers a host of benefits, including free quotations on all loan types, including personal and mortgage loans.
How to Apply for a Loan from Advantage Auto Loans: A Step-by-Step Guide
By removing geographic restrictions for its digital auto loan application services, Advantage Auto Loans has streamlined the loan application procedure to provide the greatest experience to its clients. To apply for a loan with Advantage Auto Loans, follow these steps:
1. Fill out an application for an Advantage Auto Loan.
You must give Advantage Auto Loans your full name, phone number, email address, and permission to contact you personally if more information is required.
Advantage Auto Loans experts can identify the type of auto loan you desire based on information from your application.
2. Offer Private Information
You’ll provide the following information at this stage:
- Complete street address of you
- Your level of property ownership, such as whether you own or are renting a home
- The length of time you’ve lived where you are now
- Your mortgage and rent payments each month
- Your employer, profession, and length of time employed by them
a monthly salary
By taking this step, Advantage Auto Loans representatives can learn more about your financial background and assess your ability to qualify for loans.
3. Provide Financial Information
Step three asks for information such as your Social Security number, birthdate, supplemental income amount and source, kind of bank account, and whether you have filed for bankruptcy within the previous three years.
Additionally, you can decide to allow Advantage Auto Loans and its affiliates, including DriveTime, BlueSky Auto Finance, and others, to examine your personal data and credit history.
4. Choose a Vehicle
Next, decide if you need a new or used automobile, your major credit card, the vehicle make and model, and your credit status.
Advantage Auto Loans will give you a confirmation once you’ve submitted the information. Check the status of your loan application by opening this email.
Review your loan alternatives and make appropriate lending rate comparisons. Competitive rates as low as 1.99% are available.
If all the prerequisites are met, you can drive away within 24 hours of submitting your application.
Alternatives to Advantage Auto Loans
Although it’s not your only option for auto loans, Advantage Auto Loans can be a wise one. To obtain the best terms and prices, take into account additional banks and dealerships, such as LightStream and OpenRoad Lending.
For people with good credit, LightStream ranks among the finest alternatives to Advantage Auto Loans. Customers with excellent credit can get auto loans from LightStream, a division of SunTrust Bank.
Rates are affordable since just a tiny segment of clientele are served. For instance, the interest rates on a 36-month loan for a new car costing between $10,000 and $24,999 range from 2.49% to 6.79%. However, if your credit score is lower, you might be able to obtain a better deal.
Consider using OpenRoad Lending to save an average of $100 every month. Although buying a new car is thrilling, it’s important to notice the benefits of working with a considerate lender.
You can save about $100 a month by refinancing your current loans with OpenRoad Lending. The application process is also digital and merely involves a few clicks. Usually, it takes five minutes to get your preapproved offer.
If you have auto equity and are eligible for refinancing, OpenRoad Lending also offers cash-out refinancing of up to $2,000. Reviews, however, demonstrate the high or low end supplied by OpenRoad Lending’s partners because it collaborates with a variety of lenders.