CarsDirect Auto Loans Review

#9 in Auto Loans

CarsDirect is an automotive financing company based in El Segundo California. It specializes in providing online buying services for new and used automobiles. CarsDirect connects you with local dealerships and auto lenders to give you multiple options when shopping for a vehicle. Auto financing choices also include trade in and lease buyout.

Types of Auto Loans

CarsDirect gives consumers a wide range of auto financing options by locating dealerships and auto financing lenders and letting you work directly with them.  This makes it possible for customers to use a variety of auto financing options.

  • New Auto Loans
  • Used Auto Loans
  • Auto Loan Refinancing
  • Lease Buyout Loans

Auto loans available through:

  • Dealerships
  • Private dealerships

Application

CarsDirect offers a simple online application process that can be accomplished in a couple of minutes. Applications are then send to dealerships and lenders in your area.  

Qualification

Qualifying for an auto loan is possible with a bad credit because CarsDirect works with different lenders and dealerships, giving you a better chance of being approved for an auto loan.

Credit Score

All credit types

Steadily employed

Yes

Self-employed

Yes

New credit/ newly employed

Yes           

Loan Details

Rates, loan terms and loan amount limits differ with individual partner lenders. However, most lenders require a minimum 10% down payment for auto loans. Loan terms of up to 72 months are also available for both new and used auto loans.

Auto Loans at CarsDirect

CarsDirect offers a simple, no obligation online auto loan application portal that makes it easy for consumers with less than ideal credit scores to connect with a partner lender. There are no application fees and the process only takes a few minutes. First time auto shoppers, or those with little or no credit or a history of bankruptcy, can also apply for an auto loan. Overall, a good choice for consumers with poor or no credit history.  

 

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