The most common series of questions we receive pertain to direct loans. City Auto Loans is not a direct lender.
We are a car buying service for people that are unable to qualify for direct loans.
 Finance Motorcycles
Finance private purchases.
Refinance current loans.
Arrange financing for purchases from non-network dealers.
I've tried other online services and local auto dealers. How can City Auto Loans help when others can't?
It starts with our credit application. Many other websites collect only enough information to obtain your credit report. Our application is the most comprehensive in the industry. It was designed by scores of experienced finance managers that have placed tens of thousands of loans for people with special needs. Our application takes into account variations among numerous lender score cards allowing our finance managers to evaluate your credit profile quickly and accurately.
City Auto Loans partners with the leading special finance auto dealers across the country. Each of our affiliated dealers has the lending resources, expertise, and inventory available to place special finance loans.
Yes! Additional cash, however, may be required if there is a lien on the automobile that you are trading.
The typical auto loan from City Auto Loans is for a new, one year, or two year old car with less than 36,000 miles. Nearly every vehicle financed through City Auto Loans is eligible for Extended Factory Protection so you won't have to worry about unexpected repairs.
If you're shopping around for an auto loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquiries can actually make getting an auto loan more difficult.
Yes. However, it may take longer to process your loan. You have to obtain an "Authorization to Incur Debt" from the trustee of your bankruptcy. This normally takes two to three weeks. Consult your bankruptcy attorney.
As long as the bankruptcy is discharged City Auto Loans can help.
Yes! City Auto Loans has several First Time Buyer Programs.
A Cosigner may be considered for a Buyer who does not comply with all the credit requirements. The income of the Buyer, however, must meet all the income and budget guidelines without reliance upon the income of the cosigner.
Yes! Let your finance manager know that you qualify for the discount and it will be applied toward your new car purchase.
A very good question for which there is not a direct answer. Rates are based on your credit profile and the equity position of the loan. City Auto Loans is full spectrum. We will get you the best rate based on your credit profile. The higher your credit rating and down payment the lower your rates will be. Also, the model year of the vehicle plays an important role. Rates generally increase 1 point per model year. The older the car, the higher the rate. |
