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Advantage Auto Loans considers people with various credit score histories, together with these searching for an auto mortgage in gentle of private monetary issues, corresponding to chapter. You can apply for a automotive mortgage even in the event you’re self-employed by offering details about your revenue.

Additionally, Advantage Auto Loans accepts functions even from first-time auto consumers. The firm’s companions report to main credit score businesses. This reporting will enhance your credit score well being in the event you make well timed loan payments and handle them appropriately. Also, Advantage Auto Loans can hyperlink you with lenders who assist trade-ins. These lenders can nonetheless aid you though you have not completed paying your present mortgage.

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Benefits of Advantage Auto Loans

  • Zero-down loans for individuals who qualify
  • No prequalification necessities
  • Partnerships with lenders throughout the United States keen to take into account people’ distinctive credit score histories
  • Incentives for first-time car consumers, corresponding to free quotes on mortgages and different private loans

Disadvantages of Advantage Auto Loans

  • Not each particular person might qualify for zero-down loans
  • No prequalification for loans.
  • Preference for candidates with a minimal of $1,499 pre-tax revenue
  • Individuals might pay extra for a mortgage than the car’s worth

Advantage Auto Loans Overview

Advantage Auto Loans can enable individuals who do not have good credit score to apply for an auto mortgage. The problem of securing a mortgage with poor credit score impressed the creation of Advantage Auto Loans.

The firm achieves its mission by eliminating a few of the challenges of the auto mortgage software course of, particularly for candidates with poor credit score histories.

Advantage Auto Loans has partnered with lenders throughout the United States keen to work together with your credit score historical past. Apart from linking you with these lenders, Advantage Auto Loans can negotiate mortgage circumstances and charges in your behalf.

While bad credit report automotive loans sometimes obtain increased rates of interest, the professionals of Advantage Auto Loans try to discover the perfect offers for his or her debtors.

Zero-down Loans Supported

Advantage Auto Loans companions present zero-down loans for people who lack enough cash to pay as a down cost.

Nonetheless, not each applicant is eligible for zero-down auto loans. And in the event you qualify, study your mortgage contract since you possibly can pay greater than the car’s worth in the long term.

No prequalification

Some monetary lenders supply pre-loan {qualifications} earlier than candidates apply in full. The course of permits you to perceive your capability to achieve approval to your mortgage.

While prequalification shouldn’t be an approval assure, it permits you to uncover a lender’s phrases and rates of interest ought to your request undergo.

Advantage Auto Loans would not assist prequalification. To perceive the phrases and charges, you should full its mortgage software and credit score inquiry types.

A Preference for a Pre-tax Monthly Income of More Than $1,499

Although Advantage Auto Loans accepts a variety of credit score scores, the corporate prefers debtors with a minimal month-to-month pre-tax revenue of $1,499.

More Information About Advantage Auto Loans

As you take into account whether or not Advantage Auto Loans may match to your monetary scenario, maintain the next questions in thoughts:

Who Qualifies for an Auto Loan?

Advantage Auto Loans serves all auto mortgage candidates, no matter the kind of car you need to finance. You are eligible to apply for a mortgage whether or not you will have poor credit score, have filed for chapter, or lack credit score.

Advantage Auto Loans has a sensible software course of that ensures candidates obtain perfect auto loans. Advantage Auto supplies options for varied wants to assist folks searching for auto loans regardless of their poor credit score and people trying to find low-interest auto loans.

How Long Does the Advantage Auto Loans Application Process Take?

The Advantage Auto Loans software course of takes lower than half-hour. After finishing all the necessities, you obtain an e mail confirming your data is right.

A consultant will contact you with extra details about your auto mortgage software and information you to the subsequent step. The firm has simplified its automotive mortgage course of so that you just would possibly drive your new automotive house in much less time than you assume.

Should You Trust Advantage Auto Loans?

Advantage Auto Loans is a authentic auto mortgage service supplier. The firm has supplied auto mortgage companies for nearly 20 years.

Advantage Auto Loans would not submit your mortgage software to its companions with out your consent. Company representatives will contact you to supply accessible lenders, minimizing software dangers. Again, your software stays with them in the event you fail to qualify for a mortgage.

It’s additionally price noting that the Better Business Bureau (BBB) has given Advantage Auto Loans an A+ rating

, the best enterprise score the BBB awards. An A+ score implies that most individuals are happy with Advantage Auto Loans’ companies. The score helps the corporate’s stability due to its intensive years of operation.

BBB is a trusted enterprise score company that charges companies primarily based on buyer complaints, years of service, and transparency.

Apart from the superb scores, Advantage Auto Loans supplies quite a few incentives to first-time automotive consumers, corresponding to free quotes on all mortgage varieties, together with mortgages and private loans.

A Step-by-step Guide on How to Apply for a Loan from Advantage Auto Loans

Advantage Auto Loans has simplified its mortgage software course of to supply the perfect expertise to its prospects by eliminating distance boundaries for its digital auto mortgage software companies. Follow these steps to apply for a mortgage with Advantage Auto Loans:

1. Complete an Advantage Auto Loans Application Form

You should present your full title, cellphone quantity, ZIP code, and e mail deal with, and consent for Advantage Auto Loans to contact you immediately if the corporate wants additional data.

Information out of your software permits Advantage Auto Loans representatives to decide the kind of auto mortgage you need.

2. Provide Personal Information

In this step, you will supply the next particulars:

  • Your full road deal with
  • Your property possession standing, corresponding to proudly owning or renting a house
  • The variety of years you will have stayed in your present location
  • Your month-to-month hire and mortgage quantity
  • Your employer, occupation, and years you have labored to your employer
  • Your month-to-month revenue

This step permits Advantage Auto Loans brokers to know extra about your monetary historical past and make an knowledgeable choice about your mortgage qualification capability.

3. Include Financial Details

In step three, you should enter your Social Security quantity, date of start, extra revenue quantity and supply, banking account kind, and specify whether or not you filed for chapter within the final three years.

You will even select to give entry to Advantage Auto Loans and its companions like DriveTime, BlueSky Auto Finance, and others to view your credit score historical past and private data.

4. Select Your Vehicle

Next, select the car make and mannequin you need to finance, whether or not you want a brand new or used automotive, your main bank card, and your credit score standing.

After submitting the knowledge, Advantage Auto Loans will ship you an e mail affirmation. Open this e mail to confirm the standing of your mortgage software.

Review the accessible mortgage choices and examine lending charges accordingly. The charges are aggressive and could be as little as 1.99%.

You can drive away inside 24 hours of your software in the event you meet all the necessities.

Advantage Auto Loans Alternatives

Advantage Auto Loans could be an clever selection for loans, nevertheless it’s not your solely auto mortgage lender. Consider different banks and dealerships, together with LightStream and OpenHighway Lending, to discover the best phrases and charges.


LightStream is without doubt one of the greatest options to Advantage Auto Loans for these with a superb credit score rating. SolarTrust Bank’s subsidiary, often called LightStream, gives auto loans to prospects with glorious credit score scores.

Since it serves a small subset of shoppers, charges are cheap. For instance, a 36-month mortgage for getting a brand new car starting from $10,000 to $24,999 has rates of interest of between 2.49% and 6.79%. Nonetheless, you would possibly discover a higher fee with a decrease credit score rating.

OpenHighway Lending

To save a median of $100 month-to-month, take into account OpenRoad Lending. Although buying a brand new automotive is thrilling, there’s one thing to be famous about having a caring lender.

OpenHighway Lending permits you to refinance your present loans and save roughly $100 per thirty days. Additionally, the appliance course of is digitized and requires only some clicks. You will sometimes obtain your preapproved supply inside 5 minutes.

In addition, OpenHighway Lending supplies cash-out refinancing of up $2,000, assuming that you’ve auto fairness and qualify for refinancing. However, since OpenHighway Lending companions with varied lenders, opinions present the excessive or low finish supplied by its companions.

Headshot of Elizabeth Rivelli

Finance & Insurance Editor

Elizabeth Rivelli is a contract author with greater than three years of expertise protecting private finance and insurance coverage. She has intensive data of varied insurance coverage traces, together with automotive insurance coverage and property insurance coverage. Her byline has appeared in dozens of on-line finance publications, like The Balance, Investopedia, Reviews.com, Forbes, and Bankrate.

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