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Auto Credit Express
Auto Credit Express: 2023 Auto loan review published 2023-01-01 at 00:00:00
Writen by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ways and pitfalls of borrowing money to purchase an automobile.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to manage their finances by providing concise, well-studied and well-researched content that breaks down complicated topics into manageable bites.
Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by offering interactive financial calculators and tools, publishing original and objective content. This allows users to conduct research and analyze data for no cost and help you make sound financial decisions. Bankrate has partnerships with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn money The products that appear on this website come from companies who pay us. This compensation can affect the way and when products are featured on the site, such as, for example, the order in which they be listed within the categories of listing in the event that they are not permitted by law for our mortgage, home equity, and other home lending products. However, this compensation will have no impact on the information we provide, or the reviews you see on this site. We do not contain the entire universe of businesses or financial offerings that could be open to you.
About our reviews . Editorial disclosure Reviewers are supervised by our staff. The opinions expressed in them are only those of the reviewer and are not checked or approved by any advertiser. The information that is included, including rates and fees that are included in the review is correct up to the date of the review. Review the information on the right and the lender’s site for the most current information.
A glance 3.6 rating: 3.6 stars out of five
Bankrate Score
Rating of Availability: 3.7 stars out of 5
The Affordability Score: 3.4 stars out of 5
Customer Experience Rating: 3.4 stars out of five
Transparency Rating: Four stars from five
Compare rates for auto loan rates
About Auto Credit Express Loans from between $5,000 and $45,000
Min. credit score not specified
APR related to Varies by lender
Funds are available as soon as the day you apply
Auto Credit Express features Auto Credit Express can make automobile ownership feasible for people who have poor credit, but they will be a bit expensive.
PROS Bad credit loans
Encourages co-signers
Minimum monthly income requirements for low-income families
CONS Limited vehicle inventory
Transparency is not always clear.
Limited customer support
Auto Credit Express serves as an online lender marketplace primarily serving drivers with poor credit with no credit or who have previously been denied because of bankruptcy. The goal of the company is to help customers get loans from a trusted dealer even with less than perfect credit. Auto Credit Express works with over 900 dealers across the country to fit all the requirements of drivers for used, new and refinance loans.
Do you qualify? The specific requirements vary depending on the lender, but Auto Credit Express outlines the primary expectations when applying to get a bad credit loan. Be at minimum 18 years old. Proof of at least $1,500 in monthly earnings. address and evidence of residence. Three years of work history without major gaps Full-time employment for at least six months or have other fixed income Able to acquire auto insurance between six and eight references from personal sources When you’re looking for bad credit loans you can also anticipate an initial down payment of $1,000 or 10 percent of the price at which you sell the vehicle. Following the lender matching, you can expect a hard credit inquiry.
What we love and what do not like. Weigh the benefits and drawbacks of the loan with Auto Credit Express prior to submitting an application.
What we like Specialize in bad credit loans. Auto Credit Express partners directly with bad credit lenders to help credit challenged consumers access auto loans. Encourages co-signers. Adding a co-signer will help bad credit drivers receive competitive rates. Minimum minimum monthly income requirement. Auto Credit Express as a minimum monthly income requirement of $1,500. What we don’t like Limited car inventory. You will be stuck with vehicles from partnering dealerships. Low transparency. There is no information regarding possible APRs on the website. Limited customer support. Assistance is only available on weekdays. How do I contact Auto Credit Express Customer support is available through an online form or via phone at 855-439-0814. Agents are available Monday through Friday between 8:30 a.m. until 5 p.m. ET.
Auto loan kinds offered Auto Credit Express offers loans for the purchase of new or used vehicles, loans Refinancing, cash-out, refinance and leasing. Financing is available between $5,000 and $45,000. Used and new auto loans
Quick facts about loans: From $5,000 to $45,000. Terms: 36 to 72 months APR: varies by lender
If you are looking to finance a used or new vehicle, Auto Credit Express offers options through the lender network. The rates and terms are different, but available loans are tailored specifically to those with bad, good or none in any way. If you’re purchasing new you will be limited to inventory from Auto Credit Express’s partner dealerships. Refinance
The loan amount is From $5,000 to $45,000 Terms: 36 to 72 months APR: Vary based on lender
Refinancing the current auto loan can be a great alternative to reduce your monthly payments and to adjust your rate. Although Auto Credit Express does not disclose specific credit requirements however, their website says that most lenders accept drivers with “good” (or above-average) credit. So, while Auto Credit Express specializes in bad credit loans, refi is more suited to those who have better credit. How to apply for a loan with Auto Credit Express An application through Auto Credit Express can be completed online or over the phone. It is likely to take only three minutes to be connected with a dealer within the first 24 hours after submitting your request. Once you are placed with an lender it will send you a telephone message from a local dealership , if you’re purchasing a new or used vehicle and will then be able to select your car.
The information required to apply for the job is Full name, Social Security number Date of birth , address and time living there Email address and phone number Housing payment Employment information Monthly income
Auto Credit Express FAQs
Do you have the option of using Auto Credit Express to find lease financing? Yes, you can use Auto Credit Express to find leasing financing options, even if you have less than perfect credit.
Can bankruptcy stop you from getting approved for the auto loan via Auto Credit Express? Auto Credit Express can help you get an auto loan during or after bankruptcy. The ideal scenario is to look to purchase a car with an affordable price you can make a downpayment that is the lesser of 10% of the selling price, or $1,000 and get an additional cosigner (if it is possible).
What rates do Bankrate offer? Auto Credit Express
Overall score
3.6
Availability
3.7
While new, used and refi loans are available, dealership requirements and middle-tier loan amounts result in a lower score.
Affordability
3.4
Acceptance criteria target people with poor credit, but with terms and rates that are influenced by lender as well as the amount of affordability to measure.
Customer experience
3.4
With the short hours and poor online reviews, customer service is skewed lower.
Transparency
4
Auto Credit Express lacks transparency about the terms and rates however, it does offer prequalification.
Methodology Bankrate considers 18 data points when rating auto loan lenders. Criteria for acceptance, whether charges and rates are accessible and the range of APR all impact lender scores. These scores are split in four different categories. The availability of loans, repayment options, dealership requirements and state availability all make up this section. Affordability: This section contains APR ranges and acceptance criteria, along with discounts and fees. Customer experience: The length of time you have to spend shopping, customer service accessibility, and whether or not there’s an app and autopay availability are all covered within this category. Transparency: This category accounts for the accessibility of rates and fees along with the availability of prequalification.
Disclosure of author: All reviews are prepared by Bankrate.com staff. The opinions expressed are solely the opinions of the reviewer and have not been reviewed or acknowledged by any advertising company. The information that is included, including rates and fees provided in the review is accurate as of the date that the review was written. Look over the information in the upper right hand corner of the page, and the lender’s site for the most up-to-date information.
Written by
Rebecca Betterton
Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ways and pitfalls of borrowing money to purchase an automobile.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to control their finances through providing clear, well-researched information that break down complex topics into digestible chunks.
Auto loans editor
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