Where does CarFinance.com do business?
CarFinance.com is a marketplace lender based in Irvine, CA. It was founded in 1996 and offers auto loans in 47 states (and Washington, DC).
How much can you borrow via CarFinance.com?
CarFinance.com auto loan amounts start at $7,500 and go up to $45,000.
What APR does CarFinance.com offer on its auto loans?
CarFinance.com offers a fixed APR auto loan product that ranges from 7.99% APR up to 14.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum loan term you can get with CarFinance.com?
CarFinance.com has auto loans with terms ranging from 12 to 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
Does CarFinance.com charge an origination fee?
Yes, CarFinance.com may charge a loan origination fee.
Does CarFinance.com charge a late fee?
Yes, CarFinance.com charges borrowers with a late payment penatly fee
Does CarFinance.com charge prepayment fees?
No, CarFinance.com will not charge you a fee for paying your loan early. Whenever possible choose lenders like CarFinance.com that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with CarFinance.com?
Applicants with a credit score of at least 525 can apply for a loan via CarFinance.com. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan via CarFinance.com?
CarFinance.com will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 7 business days of approval.
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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- South Carolina
- South Dakota
- West Virginia
|No Prepayment Fee|
|Credit Score Range||
525 - 850
850 300 525
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||8|
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$7.5K - $45K|
|Loan Term (Months)||12 - 72|
|APR (Fixed APR)||7.99% - 14.99%|