Prime or subprime credit history is O.K. for auto finance!
No Obligation! No Prepayment Penalty! No Application Originator Fees!
* Subprime auto lending is lending money to a borrower with questionable credit. When a person misses a payment on an auto loan, defaults on an auto loan, or has an account go into collections, a negative report is made on their credit report. This in turn affects their credit score or FICO score. If a FICO score falls to 680 or below, you are considered a high-risk borrower. It is assumed that the lower the score the higher your chance of defaulting on a loan. This means that even collateral based loans like a car loan can be hard to get through normal channels. This is where the subprime auto lender comes in. These companies operate solely by lending to individuals who are subprime borrowers.