Q : Are there any fees with Car Loans Credit.com?
A : There are no fees associated with anything from this site.

Q: What kind of percentage rate can I expect with the lenders recommended on this site?
A: Just like taste in vehicles, loan rates will vary from person to person. Every situation is different based on your particular credit status, the amount of money you wish to put down and the lending institution. All lenders have their criteria that determine interest rates. CarLoansCredit.com's job is to introduce you to lenders that specialize in your particular circumstance.

Q: How much down payment money is necessary?
A: As little as NO MONEY DOWN depending on your credit. Many times, money down is used to lower a payment or an interest rate, not qualify for a loan. that is not to say that all dealers and lenders won't require money down.

Q: Does CarLoansCredit.com issue loans?
A: No, CarLoansCredit.com does not offer any type of loan or credit.

Q: Are there lending institutions that help customers who are "upside-down"?
A: Yes, upside-down customers, or people who owe more than the value of the vehicle

Q : What are the interest rates for my car loan?
A : Your interest rate is influenced by several factors; the year model of the vehicle, the amount of your down payment, your credit history, and the term of your car loan.

Q : How long does the process take?
A : After picking the bank you'd like to do business with, it is average for them to contact you to discuss the loan application within 60 minutes.

Q : My credit rating is not great. Should I even bother applying for a loan?
A : Yes. That's really the reason this site was put together. Forgive the cliché, but our goal is to help good people with bad credit, find the loan they need and can afford.

Q : I have great credit and want the lowest interest rate.
A : No challenge! If you have excellent credit, you may qualify for the lowest rate in the marketplace. Simply pick from any of the lenders on our find a loan, page.

Q : Do you work with any lenders that will refinance my current loan?
A : Yes. View a list of lenders and banks that will refinance your car loan on our speciality credit page.

Q : Can I get approved to buy a car from an individual?
A : Unfortunately, most banks, finance companies, and credit unions will only loan money for a car or truck when there is an auto dealer involved. This is called an indirect loan. The dealer is there to "structure" the sale of the car to you. The auto dealer collects all of the necessary paperwork that the lender may need about you and the car and then sends that information to the lender. Remember, over 80% of people buying cars today must go through this indirect process.

Q: What is the difference between "Direct" and "Indirect" auto financing?
A: Direct = Same as cash voucher or Draft approval from financial institution for shopping at a dealer of your choice. Indirect Auto Loan = Dealer Financing