Prime Capital Auto Finance Review

Prime Capital Auto Finance is offered by Prime Capital Auto Lease, a financial services company founded in 2003 and based in Lubbock, TX. Prime Capital Auto Finance is available in 1 state across the USA.

How much can you borrow via Prime Capital Auto Finance?

Prime Capital Auto Finance auto loan amounts start at $10,000 and go up to $75,000.

What APR does Prime Capital Auto Finance offer on its auto loans?

Prime Capital Auto Finance offers an auto loan product that ranges from 3% 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 Prime Capital Auto Finance?

Prime Capital Auto Finance has auto loans with a maximum term of 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 auto loan, the more interest you will pay.

Does Prime Capital Auto Finance charge an origination fee?

Yes, Prime Capital Auto Finance may charge a loan origination fee.

Does Prime Capital Auto Finance charge a late fee?

Yes, Prime Capital Auto Finance charges borrowers with a late payment penatly fee

Does Prime Capital Auto Finance charge prepayment fees?

Yes, Prime Capital Auto Finance 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 Prime Capital Auto Finance loan?

Yes, you can. However, Prime Capital Auto Lease charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Prime Capital Auto Finance?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Prime Capital Auto Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Prime Capital Auto Finance does not have or does not disclose a minimum annual income eligibility requirement. Prime Capital Auto Finance 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 and their covered dependents are eligible to apply for a loan via Prime Capital Auto Finance. 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 an auto loan via Prime Capital Auto Finance?

Prime Capital Auto Finance will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.