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Auto Credit Express
Auto Credit Express: 2023 Auto loan review published 2023-01-01 at 00:00:00
Authored by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers with 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 enthusiastic about helping readers gain the confidence to take control of their finances through providing clear, well-researched information that breaks down otherwise complex topics into digestible chunks.
Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling users to conduct research and compare data for free – so that you can make informed 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 that pay us. This compensation could affect how and when products are featured on this site, including, for example, the order in which they appear within the listing categories in the event that they are not permitted by law. Our mortgage, home equity and other home lending products. But this compensation does affect the information we provide, or the reviews you read on this site. We do not contain the vast array of companies or financial offerings that could be accessible to you.
Reviewer’s disclosure of editorial rights The reviews are written by our staff. The opinions expressed are solely those of the reviewer and are not checked or accepted by any advertiser. The information, including rates and fees provided in the review is accurate up to the date when the review first appeared. Check the data in the upper right hand corner of the page and the lender’s website for the most current information.
A quick glimpse 3.6 Rating: 3.6 stars out of five
Bankrate Score
Availability Rating: 3.7 stars out of 5
The Affordability Score: 3.4 stars out of five
The Customer Service Rating is 3.4 five stars from 5
Transparency Rating: 4 .
Check auto loan rates
About Auto Credit Express Loan amount 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 makes vehicle ownership possible for those who have poor credit, but they will carry steep rates.
PROS Bad credit loans
Encourages co-signers
A low monthly income requirement
CONS Limited vehicle inventory
Limited transparency
Limited customer support
Auto Credit Express serves as a lender marketplace that primarily serves drivers with poor credit or no credit, as well as those who have previously been denied due to bankruptcy. The goal of the company is to help people get loans from a reputable dealer even with less than perfect credit. Auto Credit Express works with more than 900 dealers across the nation to meet the needs of every driver for new, used and refinance loans.
Do you qualify? The requirements for eligibility vary based on the lender however, Auto Credit Express outlines the principal requirements for applying for a bad credit loan. At minimum 18 . A minimum of $1,500 in monthly income. address and evidence of residency. Three years of work history without major gaps Full-time employment for at least six months or other fixed income. able to get auto insurance between six and eight personal references When it comes to bad credit loans you can also anticipate a down payment of at least $1,000 or 10 percent of the selling price of the vehicle. After the lender match, you may anticipate a hard credit check.
What we love and what don’t Weigh the advantages and disadvantages of an auto 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 those with bad credit get access to auto loans. Encourages co-signers. By allowing a co-signer, 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 do not like is limited vehicle inventory. You’ll be stuck with vehicles from partner dealerships. There is a lack of transparency. There isn’t any information on possible APRs on its website. Limited customer support. Assistance is available only on weekdays. How do I contact Auto Credit Express Customer support is through an online form or via phone at 855-439-0814. Agents are available from Monday to Friday, from 8:30 a.m. until 5:30 p.m. ET.
Auto loan types offered Auto Credit Express offers loans to purchase new or used automobile loans refinancing, cash out, refinance and leasing. Finance is available between $5,000 and $45,000. Used and new auto loans
Loan quick facts Amounts: $5,000 to $45,000 Terms of the loan: 36 to 72 month APR: varies by lender
If you’re looking to finance a new or used car, Auto Credit Express offers options through its lender network. The rates and terms are different, but available loans cater directly to drivers with good, bad or none even. If you are buying new, you’ll only be limited to the inventory of Auto Credit Express’s dealerships that are partnered with it. Refinance
The loan amount is Between $5,000 and $45,000. Terms of the loan: 36 to 72 month APR: varies by lender
Refinancing the current auto loan could be a good option to lower the monthly cost of your loan and also to lower your rate. Although Auto Credit Express does not provide specific requirements for credit however, their website says that most lenders approve drivers who have “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 do you apply for a loan with Auto Credit Express An application with Auto Credit Express can be done fully online or via the phone. It will likely take just three minutes, and you will be matched with a dealer within 24 hours of your application. If you’re matched with a lender it will send you a telephone message from a local dealership , if you’re buying new or used and you’ll then be able to select your vehicle.
The information required to apply for the job is Full name and Social Security number Date of birth Address and the time that you have been living there Email address and number for housing payment and employment information Monthly income
Auto Credit Express FAQs
Do you have the option of using Auto Credit Express to find lease financing? Yes, you are able to use Auto Credit Express to find lease financing options even in the event that you do not have perfect credit.
Can bankruptcy stop you from getting approved for Auto loan with Auto Credit Express? Auto Credit Express can help you secure a car loan in the event of bankruptcy or following. Ideally, you should aim to purchase a car with a lower price point and make a down payment that is the lesser of 10% of the selling price, or $1,000, and bring an additional cosigner (if possible).
How Bankrate rates Auto Credit Express
Overall score
3.6
The availability
3.7
While new, used and refinancing loans are available, dealership requirement as well as middle-tier loan amounts produce a lower score.
Affordability
3.4
Acceptance criteria target poor credit drivers however with terms and rates that are influenced by lender, affordability is tough to determine.
Customer experience
3.4
With the limited hours and poor online reviews, customer service tends to be less.
Transparency
4
Auto Credit Express lacks transparency regarding the terms and rates However, it does allow prequalification.
Methodology Bankrate considers 18 data points when evaluating auto loan lenders. Acceptance criteria, rates and fees are available and the range of APR all impact lender scores. These scores are broken up into 4 categories. The availability of loans and repayment options, dealership requirements and state availability all make up this category. Affordability: This section contains APR ranges and acceptance criteria, as well as discounts and fees. Customer experience: How long you’re required to spend shopping, customer service accessibility, and whether or not autopay or an app are available and availability are covered by this segment. Transparency: This category accounts for the accessibility of rates and fees along with the availability of prequalification.
Editorial disclosure Reviewers are supervised by Bankrate.com staff. The opinions expressed are solely the opinions of the reviewer and have not been reviewed or accepted by any advertising company. The information that is included, including rates and fees, presented in the review are accurate up to the date of the review. Look over the information in the upper right hand corner of the page as well as the lender’s website to find 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 using loans to buy the car they want.
Edited by Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate from late 2021. They are committed to helping readers gain the confidence to manage their finances through providing clear, well-researched information that break down complex topics into digestible chunks.
Auto loans editor
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