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  Peak Acceptance Auto Loan

Peak Acceptance Auto Loan

in Auto Loans from Peak Acceptance

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Peak Acceptance Auto Loan

Unaffiliated

in Auto Loans from Peak Acceptance

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Credit Score Range 300 - 700
Loan Amount $5,000 - $50,000
APR  (Fixed APR) Up to 10%
Loan Term (Months) 12 - 60 months

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.

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Message From Peak Acceptance Auto Loan

We are here to offer our dealer partners and consumers the best customer service experience in the auto finance industry. Peak takes a unique approach to auto finance. No automated decisioning, every application is reviewed by an experienced underwriter.

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About Peak Acceptance Auto Loan

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 300 - 700
Loan Amount $5,000 - $50,000
APR (Fixed APR) Up to 10%
Loan Term 12 - 60 months

Peak Acceptance Auto Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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