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Auto Credit Express Review

Friday, February 26th

2021 Auto Loan Company Reviews

Auto Credit Express Review 3.5 Star Rating

Auto Credit Express

3.5 Star Rating
  • BBB Rating: A+, accredited since 2004

If you're trying to buy a car and your credit history is less-than-perfect, you might want to check out Auto Credit Express. This service has a good reputation: an "A+" and accreditation from the Better Business Bureau, with very few complaints over more than 20 years in operation. In other words, if you've got bad credit, this is a good option to have!

Quick & easy application

The online application process only has a few steps: fill in your name, address, birthdate, living situation (rent, own, live with family) and monthly payments, employment information, Social Security number and contact information. Your application will be given to Auto Credit Express' network of dealerships for approval.

Car dealer partners

It's important to note that, if your auto loan is approved, it can only be used to buy a car from one of their "authorized licensed car dealer partners". At the time of our review, there were more than 1,000 active dealerships nationwide in their network; you can click on the big purple box towards the bottom of the page and browse them to see if there are any in your area. It will be the dealership that gives you the funding, not Auto Credit Express, so your credit report will not be checked when you fill in the application on this site.

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Specialize in bad credit

This service specializes in auto loans for people with bad credit, so there are some basic eligibility requirements you'll need to meet if this applies to you:

  • At least 18 years old
  • Minimum gross monthly income of $1500 if your credit score is less than 625
  • No auto loan repossessions within the last year (unless they were included as part of a bankruptcy)
  • Completed 341 meeting of creditors if there's a Chapter 7 Bankruptcy
  • Authorization to Incur Debt required from trustee for a Chapter 13 Bankruptcy

Helpful information

You can also check out some of the resources at the bottom of the Auto Credit Express site. There, you'll find a car loan estimator and details on how to get your free credit score, as well as information on loan options like $500 down, military financing, and more.

Smooth transactions

We were pretty impressed with the number of recent customer reviews saying that they had an excellent experience using this service to get the auto loan they needed. People frequently mentioned low down payments, fantastic customer service at the partner dealerships, and a smooth transaction overall.

Solid track record

While you may have to give up some options if you get your auto loan with Auto Credit Express (because of the requirement to get the funding through one of their partner dealerships), it might be a good idea to see what they come up with - especially if your credit history is a little shaky. This lending referral service has a solid track record with thousands of satisfied car shoppers, earning them a better-than-average rating among sources of auto loans.

Where Can You Get the Best Auto Loans?

You're right if you suspect that the answer to that question is "not necessarily at the dealership".

You might initially be lured in by a dealership's attractive 0% financing offers - but unless you've got extremely good credit, you're not going to qualify. And, in the excitement of getting your new (or new-to-you) car, you could wind up with interest rates on your car loan that are even higher than what you'd get elsewhere.

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Auto Loan Company FAQ

Most auto loans are funded by smaller banks and credit unions. But, as you look for an affordable auto loan, you might see some familiar names like Capital One and Southeast Financial.
That depends on several factors, including your credit history and the amount you need to borrow. Searching for a car loan online gives you the advantage of comparison "shopping" for the best rate available to you.
No problem! There are many lenders that are willing to work with you even if your credit score isn't the best. You'll probably pay higher interest rates than a borrower with an 800+ credit score, but you'll still be able to get a loan.
When you request a rate quote online, most lenders perform a "soft pull" of your credit history: checking the information you provide against the credit bureaus' records to verify your identity. That doesn't affect your credit score. But, if you go through the entire process and actually submit a loan application, it'll temporarily lower your score.
You can get an auto loan without ever setting foot in a bank! Many of us have used a car dealer to obtain financing but, obtaining a car loan online is a smart and empowering option.
Auto loans are available in amounts ranging from $1000 to $100,000. To determine your eligibility for a loan, the lenders will take into account your credit history, current debts, and income.
Is 24 hours soon enough? While most auto loans take a few days to a week to be funded and deposited to your account, at least one lender has a one-day turnaround for most customers.
No, not when you choose a reputable provider! It's easy to find an auto loan from a lender with a strong reputation. Positive customer comments and a high rating from the Better Business Bureau are two indicators that the company is a trustworthy option for your loan.
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Continued from above...

Savvy consumers know that the best way to get truly competitive rates on auto loans is by comparison shopping with online lenders. Even if you're just starting the research process, it only takes a few minutes to find out how much you're qualified to borrow and with what loan terms. With that information in hand, perhaps with a preapproval letter too, you'll be much more confident walking into the dealership and negotiating the best possible deal on the car itself.

Some providers of auto loans specialize in helping customers with less-than-perfect credit. These lenders can work with you to get a loan that you can afford, and they take into account your whole financial picture - not just your low credit score, previous late payments, or a bankruptcy in your past. Of course, if your credit history is excellent, shopping around for your auto loan online will likely turn up dozens of offers to choose from.

It's important to carefully consider several criteria when evaluating different online lenders. These factors include the following:

  • Reputation. A seemingly-great auto loan is a bad deal if the lender isn't trustworthy. What does the Better Business Bureau say about the company? Have other car shoppers had a good experience?
  • Functionality. How easy does the auto loan site make the borrowing process, from information-gathering to funding? Can you work through the steps of securing your loan quickly and intuitively?
  • Options. To whom does the lender cater (e.g. people with good/bad credit? New/used car shoppers?)? Do you have a wide range of loans to choose from, both with respect to interest rates and length of the loan period? Are there any perks or penalties in the fine print?

TopConsumerReviews.com has reviewed and ranked the best auto loan providers available today. We hope this information helps you get the right financing for your next vehicle purchase or refinance!

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