Peak Acceptance Auto Loan Review

Peak Acceptance Auto Loan is an auto purchase finance offering by Peak Acceptance, based in Dallas, TX. Founded in 2008, Peak Acceptance offers auto loans in 1 state across the USA.

How much can you borrow via Peak Acceptance Auto Loan?

Peak Acceptance Auto Loan auto loan amounts start at $5,000 and go up to $50,000.

What APR does Peak Acceptance Auto Loan offer on its auto loans?

Peak Acceptance Auto Loan offers a fixed APR auto 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 loan term you can get with Peak Acceptance Auto Loan?

Peak Acceptance Auto Loan has auto loans with terms ranging from 12 to 60 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 Peak Acceptance Auto Loan charge an origination fee?

Yes, Peak Acceptance Auto Loan may charge a loan origination fee.

Does Peak Acceptance Auto Loan charge a late fee?

Yes, Peak Acceptance Auto Loan charges borrowers with a late payment penatly fee

Does Peak Acceptance Auto Loan charge prepayment fees?

Yes, Peak Acceptance Auto Loan 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.

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

Applicants with a credit score of at least 300 can apply for a loan via Peak Acceptance Auto Loan. 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 Peak Acceptance Auto Loan? Peak Acceptance Auto Loan will typically approve (or deny) an auto loan application within 72 hours and fund the loan within 7 business days of approval.