First Choice Auto Loan presents an online loan marketplace where individuals can browse hundreds of auto lenders for financial assistance on vehicle purchases. By completing a quick and easy online application, customers can explore the best possible loan companies to finance their vehicle.
First Choice Auto Loan trusted partners deal with any credit situation providing those with little or damaged credit the financial help they need for their new vehicle. Their speedy application process and matching service allow individuals to drive away in their new car just minutes after approval.
First Choice at a Glance
Generous Approval Rate
Unlike other auto loan companies, First Choice Auto Loan does not require a minimum credit score in order to apply for financial help. That means that those with damaged credit can also apply and receive funds to assist with purchasing a vehicle. The First Choice Auto Loan marketplace partners with hundreds of dealerships and lenders. You are sure to find a company suitable for your financial circumstances, as they work with any credit situation.
Speedy Matching Service
First Choice Auto Loan saves customers time and effort when it comes to comparing auto loans online. By completing the simple application form, the company will browse all possible lending options for your financial situation. In this way, you can choose the best possible solution to finance your new vehicle. They offer this matching service with no upfront fees and receive payment through the third-party loan company that customers choose to go with.
Quick and easy online application form
As First Choice Auto Loan is flexible with approval rates, anyone can check if they qualify online at any time. Their application involves 3 simple steps of applying, waiting for approval then purchasing your new vehicle. All you will need is some basic information to get things started. Applications have been known to get approved within minutes, making this a valuable site to use for those seeking instant funds through an auto loan.
Affordability Calculator
If this is your first time applying for an auto loan or if your just curious as to how much you can actually afford before committing, First Choice Auto Loan has made it easy to review with their free online affordability calculator. Customers can calculate a suggested loan amount depending on their financial circumstances.
Monthly Payment Calculator
Create an idea of the total amount of monthly payments you will be required to pay, depending on your desired loan amount. This feature allows customers to manage their finances and ensure they can stay on top of payments.
Loan types
As First Choice Auto Loan is an online own marketplace and not a direct lender, they have no control over loan terms and conditions. Each lender or dealer will set their own APR, which depends on your loan amount, personal credit score, and the type of vehicle.
All repayment terms will vary with each application. However, auto loans typically range from 24 to 72 months depending on influencing factors. It's best to cover all terms and conditions with your chosen lender before signing your contract to ensure you have full fee transparency.
Application Process
Applying for an auto loan with First Choice Auto Loan is quick and easy with their straightforward online application. Within just 3 simple steps, you could drive your new vehicle the next working day.
Step 1 requires you to provide some basic personal, financial and security information which gives First Choice Auto Loan marketplace an idea of your financial situation. By identifying your credit score at this stage, you can get matched with the most suitable lender for your circumstances. All applications can be completed on their secure, mobile-friendly form.
After completing your application you can sit back and allow First Choice Auto Loan to explore all your possible auto loan options.
During Step 2, the loan marketplace will present your application to hundreds of dealerships and lending partners to ensure they find the best possible loan options for you. First Choice Auto Loan trusted partners are professional and fully-qualified in dealing with all credit situations. You can expect to hear a response within 24 to 72 hours. After that, you can expect final approval within one business day, depending on the lender.
Step 3 enables individuals to go ahead and purchase their new vehicle. At this point, the application has been approved, and you have opted for a suitable lender to cover your vehicle purchase. First Choice Auto Loan does not apply application fees, and you are not under any obligation to accept offers presented by lenders or dealers.
Customer Support
As First Choice Auto Loan does not directly deal with customers, they are ultimately a matching service to pair lenders with borrowers. The company suggests that any issues with auto loans should be dealt with the lender or dealership directly.
If you wish to get in touch with the company to find out more about their services, you can do so by phone. You can also visit their active social media platforms to connect with other customers and share your personal feedback.
Word on the Street
Before moving forward with the application process, you can find out what former customers have to say in First Choice Auto reviews online. First Choice Auto Loan has a 3.3* rating on Facebook with a mixture of positive and negative reviews. Many customers praise how quick this service is for financing a vehicle, whereas others comment on the lack of customer support.