Peak Acceptance Auto Loan

Peak Acceptance Auto Loan Review

Peak Acceptance Auto Loan is offered by Peak Acceptance, a financial services company founded in 2008 and based in Dallas, TX. Peak Acceptance Auto Loan is available in 1 state across the USA.

Peak acceptance FAQ

How much can you borrow via Peak acceptance?

Peak acceptance loan amounts start at $5,000 and go up to $50,000.

What APR does Peak acceptance offer on its car loans?

Peak acceptance offers a fixed apr car loan product up to 10% 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 auto loan term you can get with Peak acceptance?

Peak acceptance has car loans with terms ranging from 12 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Peak acceptance charge an origination fee?

Yes, Peak acceptance may charge a loan origination fee.

Does Peak acceptance charge a late fee?

Yes, Peak acceptance charges borrowers with a late payment penatly fee

Does Peak acceptance charge prepayment fees?

Yes, Peak acceptance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Peak acceptance loan?

Yes, you can. However, Peak acceptance charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Peak Acceptance Auto Loan?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Peak Acceptance Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Peak Acceptance Auto Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via Peak Acceptance Auto Loan. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Peak acceptance?

Peak acceptance will typically approve (or deny) a car loan application within 72 hours and fund the car loan within 7 business days of approval.

Is Peak Acceptance a legit company?

Peak Acceptance was founded in 2008, it is a well-established company that has been in business for 14 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.