If you're in a situation where you really need a car to get you to work, school or any of the other places that you need to go on a daily basis, you may be concerned about how quickly you will be able to get financing. And while the speed of the loan process can vary from applicant to applicant, you can go from application to car ownership in just a few days, but only if you're well prepared.

With Good Credit

If your credit is considered to be good (having a FICO score of 720 or higher), you can get approved for an auto loan with a prime interest rate almost instantaneously. And if your credit is this good, you may want to shop around a little just to make sure that you’re getting the best financing terms possible.

With Bad Credit

Car loan, wait time, auto finance, auto loanIf your credit history has suffered a few bumps and bruises due to bankruptcy, perpetual late payments, repossession, etc, you can still get fairly quick car loan approval, but you will need to do some research and planning.

  • Know the facts. There are lenders that are qualified to handle "special financing," but you probably won't be able to get approved through a bank or a credit union.
  • Find the right dealer. The best way to get connected with a lender that can help you is to locate an auto dealer that works directly with the right lending network.
  • Have your documents in order. Conventional lenders (banks and credit unions) look at your credit history and score in order to decide whether to approve your loan request or not. But special finance lenders look at additional factors, such as your income, your work history and your residence stability. A bad credit car loan can be processed quickly (generally taking no more than 48 hours at most), but you will need to have pay stubs, a list of references, recent utility bills and your valid driver's license organized and ready to go.

Bad Credit Loans Made Easy

The most time consuming part of getting approved for auto financing with bad credit is tracking down a dealer that works with the right lenders. You could search the internet, make several phone calls, or physically go from dealer to dealer in your area until you find the right one. Or, you could simplify and expedite the process by applying with Auto Credit Express.

We have relationships with dealers in your area that work with buyers who have poor credit, and once we have a little information from you, we will match you with one of these dealers, and the rest is easy. Our process saves you time and frustration, getting you on the road and back in business sooner as opposed to later. Just fill out our fast and secure auto loan request form to get started today.