Frequent Asked Questions and Answers About Car Loans

Get the facts on purchasing a new or used car with bad credit. Learn about interest rates and the secure application process.

  1. Are the loans from Carloans.us for purchasing new cars or used cars ?

    Our partner dealers handle both new and used cars. Your local participating auto dealer will work with you to determine the best situation for you, and select your car.

  2. How long does the car loan application process take ?

    Times vary it could be a few minutes or in some cases up to 24 hours. You will be contacted immediately upon completion of the process.

    It may take slightly longer if you applied on a weekend or holiday

  3. What are the interest rates for my auto loan ?

    Interest rates are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk.

  4. Can I get an car loan even if I have bad credit ?

    Interest rates are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk.

  5. Will it help if I have a co-signer on the auto loan ?

    If you have a co-signer with a good credit status, this will definitely help your chances of getting an approval.

  6. How do I check the status of my loan application ?

    If it has been over 48 hours since you submitted your application please contact us at admin at carloans.us

  7. Is the information I submitted secure ?

    Yes, we transmit the credit application using 128 bit Encryption.

  8. Are there any fees associated with your car loan application ?

    This is a completely free service.

  9. If there is not an affiliated dealer in my area what happens to my application ?

    Your loan will be processed by one of our affiliate lending partners.