Help Center

• Frequently Asked Questions
Why Auto Approvers?

Approvers guaranteed approval process is fast, on budget and features offers tailored for specific customer needs. We have helped thousands in acquiring car loans they thought they would have never had..

How does financing work with Auto Approvers?

After completing our online application, one of our finance specialists will contact you to confirm all information. Once we have confirmed all details, we will then process your application for your auto loan approval. This happens on the same day!

Can I apply for a car loan online?

You can apply for financing online at . it only takes couple minutes to complete and we only ask for information we need to process your application.

What does credit score mean?

Your credit score is designed to help financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if) you will pay your bills. The higher your credit score, the greater your chance of receiving a better financing offer from Auto Approvers. Four contributors to your credit score are: Timeliness of previous and current payments The length of your credit history The type and amount of your debts Your public records.

Can I qualify for financing if this is my first time purchasing a vehicle?

Many Auto Approvers customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional for more information.

What interest rate can I get?

Your past credit history, the type of car you're buying, your down payment, and overall market conditions will all affect the finance rate for which you can qualify. We offer competitive car finance rates from a variety of finance companies to fit nearly every budget and credit profile.

What factors impact my monthly payment?

Down payment, the amount financed, term (length of contract), and annual percentage rate (the yearly cost of a loan) all affect the monthly payment.

How much should I budget for my car payment?

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.

How are car loan decisions made?

Financial institutions typically take four major factors into account: Down Payment, Vehicle specifics (model, style, age, mileage, and cost), Application information (income, time at current job, and time at residence), Credit history.

I have had past credit problems, can Auto Approvers still approve me for a car loan?

Our finance sources provide offers to accommodate most credit situations. Even with past problems, you will still get the credit you need, the car you want, and respect you deserve as an Auto Approvers customer.