Pre-Owned Auto Financing
If you have bad or no credit, auto financing can sometimes be a real hassle. There is nothing more frustrating than falling in love with a car, truck or SUV, only to be told that you don’t qualify for financing because your credit is not good enough. Avoid all that frustration by getting your auto financing approved at Quick Loans before you shop for a vehicle.
We specialize in private party auto sales, where financing can be almost impossible to get. Our used auto financing program is designed for those who may have a down payment, but have credit issues including Bad Credit, No Credit, Bankruptcy, Repossession, Foreclosure, Collections or Late Payments.
From the title application to the purchase of your new pre-owned vehicle, we make it easy as 1-2-3. Click Rates & Terms for more information.
4 Easy Steps!
1. Get Approved
2. Go Shopping
3. Finalize the deal
4. Make your payments
Our Minimum Requirements
Minimum 18 Years of Age
Verifiable, Steady Income
3 Months Active Bank Account
Auto Finance Loans Can Vary
Auto Finance Loans can vary from a wide range of determining factors. For the basics we usually require that the borrower has at least a 25% down payment. However, depending on the purchased equity, sales price, and other factors, a smaller down payment may be possible. We analyze and evaluate each transaction based on its own merits. Auto Finance Loans are a medium-term loan that is repaid over time, with a set number of scheduled installment payments. Typically, the time period is 12 to 48 months. Auto Finance Loans may be repaid at any time without any prepayment charges. Full coverage Insurance with Quick Loans named as Loss Payee is required.
What It Costs - An Example Loan
To help explain the details of pre-owned auto financing, we have provided an example for an average $4000 loan. Rates and terms will vary depending on the down payment, the loan amount and the applicant’s qualifications. Please read your loan agreement for the *Annual Percentage Rate (APR) and other terms applicable to your loan. Be sure that you understand the terms and costs of your loan. If you don’t, please ask us.
A $4000 loan over a 36-month term with monthly payments:
- 35 monthly payments of $190.25 and 1 payment of $190.19 = 36 payments.
- The APR is 39.07%, with a finance charge of $2848.94, the amount financed is $4000, and the total of payments is $6848.94.
A $4000 loan over a 36-month term with biweekly payments:
- You could make 71 biweekly payments of $91.41 and 1 payment of $91.17 = 72 payments.
- APR is 38.89 %, with a finance charge of $2581.28, the amount financed is $4000, and the total of payments is $6581.28.
With an actual Auto Finance Loan, your repayment will look different than the examples above. You may have a longer or shorter repayment term. Your loan amount may be different. Your payment dates may be different. Or your APR might be different, affecting the total finance cost and total cost of the loan.
Quick Loans can help you get approved for financing that is within your budget. If you meet our minimum requirements, click the button below to apply now. If you have questions, contact us online today or call (417) 725-5010. We are here to help.