Advantage Auto Loans Review: What You Need to Know

Advantage Auto Loans considers individuals with varying credit histories, including those seeking an auto loan in light of personal financial matters, such as bankruptcy. You can apply for a car loan even if you're self-employed by providing information about your income.

Additionally, Advantage Auto Loans accepts applications even from first-time auto buyers. The company's partners report to major credit agencies. This reporting will improve your credit health if you make timely loan payments and manage them appropriately. Also, Advantage Auto Loans can link you with lenders who support trade-ins. These lenders can still help you even though you haven't finished paying your current loan.

Looking for other auto loan lenders? Easily compare rates below.

Benefits of Advantage Auto Loans

• Zero-down loans for those who qualify

• No prequalification requirements

• Partnerships with lenders across the United States willing to consider individuals' unique credit histories

• Incentives for first-time vehicle buyers, such as free quotes on mortgages and other personal loans

Disadvantages of Advantage Auto Loans

• Not every individual may qualify for zero-down loans

• No prequalification for loans.

• Preference for applicants with a minimum of $1,499 pre-tax income

• Individuals may pay more for a loan than the vehicle's value

Advantage Auto Loans Overview

Advantage Auto Loans can allow people who don't have good credit to apply for an auto loan. The difficulty of securing a loan with poor credit inspired the creation of Advantage Auto Loans.

The company achieves its mission by eliminating some of the challenges of the auto loan application process, especially for applicants with poor credit histories.

Advantage Auto Loans has partnered with lenders across the United States willing to work with your credit history. Apart from linking you with these lenders, Advantage Auto Loans can negotiate loan conditions and rates on your behalf.

While bad credit car loans typically receive higher interest rates, the professionals of Advantage Auto Loans strive to find the best deals for their borrowers.

Zero-down Loans Supported

Advantage Auto Loans partners provide zero-down loans for individuals who lack adequate money to pay as a down payment.

Nonetheless, not every applicant is eligible for zero-down auto loans. And if you qualify, examine your loan contract since you could pay more than the vehicle's value in the long run.

No prequalification

Some financial lenders offer pre-loan qualifications before applicants apply in full. The process enables you to understand your ability to gain approval for your loan.

While prequalification is not an approval guarantee, it allows you to discover a lender's terms and interest rates should your request go through.

Advantage Auto Loans doesn't support prequalification. To understand the terms and rates, you must complete its loan application and credit inquiry forms.

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

Although Advantage Auto Loans accepts a range of credit scores, the company prefers borrowers with a minimum monthly pre-tax income of $1,499.

More Information About Advantage Auto Loans

As you consider whether Advantage Auto Loans may work for your financial situation, keep the following questions in mind:

Who Qualifies for an Auto Loan?

Advantage Auto Loans serves all auto loan applicants, regardless of the type of vehicle you want to finance. You are eligible to apply for a loan whether you have poor credit, have filed for bankruptcy, or lack credit.

Advantage Auto Loans has a practical application process that ensures applicants receive ideal auto loans. Advantage Auto provides solutions for various needs to help people seeking auto loans despite their poor credit and those searching for low-interest auto loans.

How Long Does the Advantage Auto Loans Application Process Take?

The Advantage Auto Loans application process takes less than 30 minutes. After completing all the requirements, you receive an email confirming your information is correct.

A representative will contact you with more information about your auto loan application and guide you to the next step. The company has simplified its car loan process so that you might drive your new car home in less time than you think.

Should You Trust Advantage Auto Loans?

Advantage Auto Loans is a legitimate auto loan service provider. The company has offered auto loan services for almost two decades.