Our Story | A Better Way to Get Car Loans, No Matter Your Credit
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No one sets out to have bad credit, but sometimes it happens due to circumstances beyond our control – a lost job, unexpected medical bills, or other life challenges. We believe that everyone deserves another chance. We’re here to help you find the right car loan, no matter your credit situation.”
Dealer Direct Auto Loans, its parents, subsidiaries, affiliates, and affiliated dealerships.
What does Dealer Direct Auto Loans do with your personal information?
Financial companies, including Dealer Direct Auto Loans, choose how they share your personal information. Federal law gives consumers the right to limit some, but not all, sharing. Federal law also requires us to inform you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Dealer Direct Auto Loans and its affiliates and affiliated dealerships choose to share; and whether you can limit this sharing.
Federal law gives you the right to limit only:
State laws and individual companies may give you additional rights to limit sharing. For California residents, see below for more information on your rights under California law.
Your choices w ill apply to everyone on your account unless you specify otherwise.
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Dealer Direct Auto Loans, its parents, subsidiaries, affiliates, and affiliated dealerships.
How To Get A Car Loan?
The process of getting a car loan, whether you have good or bad credit, is similar, but the options available may differ. People with good credit have various choices, including banks, credit unions, manufacturer finance companies, and online lenders. For those with bad credit, your options can be more limited.
Credit scores in the United States range from 300 to 900:
The exact score ranges may vary based on the type of score and the creditor. For instance, FICO and VantageScore are two of the most prominent scoring systems, and each weighs different factors uniquely. Additionally, the three main credit bureaus—Equifax, Experian, and TransUnion—calculate FICO scores slightly differently.
Credit scores are influenced by:
At Dealer Direct Auto Loans, we believe that everyone deserves a chance, no matter what your credit score is. We will present you with different options, and you decide which path is right for you.
CREDIT AND DEBT MANAGEMENT
Most people first learn about their credit score when applying for a loan, but understanding how that score is calculated can make a big difference in managing your credit. Let’s break down the five key factors that determine your score and how much weight they carry:
By understanding these factors, you’ll have a clearer picture of how your credit score is calculated. If your score is lower than you’d like, focusing on improving Payment History and Amounts Owed can have the greatest impact. Positive changes can start reflecting in your score within just a few months, setting you on the right path to better credit management.
Car Buying Myths
When it comes to buying a car, there’s no shortage of myths that can make the process seem confusing or daunting. Many people believe car buying is a long, frustrating ordeal, where dealers are always trying to outsmart you. While that perception may have been true in the past, car buying has changed a lot in recent years. With better access to information, consumers now have more control than ever.
Doing your homework on the vehicle you want and learning about the car buying process before you visit a dealership can help you get the car you want at a price you’re comfortable with. Let’s take a look at some common car buying myths and clear up the misconceptions.
Myth 1: Never Buy a Brand-New Car It’s often said that a new car loses value the moment you drive it off the lot. While it’s true that new cars depreciate quickly (typically around 10-20%), this doesn’t mean you should avoid buying new. Some vehicles retain their value better than others, and new cars often come with favorable financing options that make them competitive with slightly used models. Do your research on resale value and available incentives before making a decision.
Myth 2: Don’t Trade In Your Car at the Dealership Some believe that selling your car privately will always net you more money than trading it in. While this can sometimes be true, selling privately comes with its own risks. Private buyers may need financing or ask to pay in installments, creating a potential headache. In many cases, trading in can be just as beneficial as selling privately.
Myth 3: Don’t Reveal Your Trade-In Until Negotiations Are Finished Many people think withholding information about their trade-in will help them get a better deal. In reality, this tactic may complicate the process, leading to extended negotiations and a frustrated customer and salesperson. Dealerships are familiar with this approach and can easily adjust the deal to accommodate your trade-in. Being upfront from the start can save time and ensure a smoother transaction.
Myth 4: Always Secure Your Own Financing Before Going to the Dealership While it might seem that securing your own financing outside the dealership is the better deal, that’s not always the case. Dealerships often have access to multiple lenders and exclusive offers, including 0% financing, which could be more favorable than what a bank or credit union offers. However, if you have poor credit, you may want to explore options with your credit union first. Always compare offers before making a final decision.
Myth 5: You’ll Get the Best Deal at the End of the Month There’s a common belief that visiting a dealership at the end of the month will score you the best deal because salespeople are trying to hit their quotas. While this can happen, it’s not a guarantee. They may have already hit their targets, or they may inflate prices to make up for lost time. The best approach is to focus on your research and timing that works for you—deals can be found any time of the month.
Myth 6: Offering a Fixed Cash Amount Guarantees a Deal Some buyers believe that offering a fixed amount of cash will force the dealer to close the sale on their terms. However, this approach can backfire. Dealerships make a significant portion of their revenue from financing, and cash buyers don’t always hold the leverage they think. Flexibility and negotiation are key to finding the best deal, not necessarily sticking to a fixed cash offer.
Car Buying Tip The car buying process doesn’t have to be a battle. By using the resources available to you, doing your research, and being open to financing options, you can make the experience more enjoyable and come away with a deal that meets your needs.
Auto Finance Calculator
If there’s a target monthly auto loan payment you can afford, you can use our Auto Finance Calculator to see the maximum amount you can borrow. With a realistic idea of your available loan amount, you’ll know whether you can afford the car of your dreams—or something slightly more economical.
Curious about how much you can afford? Calculate it here.
At Dealer Direct Auto Loans, our lending platform connects you directly with local affiliated dealerships,
allowing you to get approved online before you even step foot in a dealership. This gives you the power to negotiate like a cash buyer and helps you avoid unnecessary stress.
We’ve partnered with a network of dealerships that specialize in helping people with challenging credit. These dealerships have dedicated departments to ensure you get the best deal, regardless of your credit score. We’re here to assist you throughout the process, and we’re always available to step in if needed.
We’ve partnered with a network of dealerships that specialize in helping people with challenging credit. These dealerships have dedicated departments to ensure you get the best deal, regardless of your credit score. We’re here to assist you throughout the process, and we’re always available to step in if needed.
About Us
At Dealer Direct Auto Loans, we’re committed to making car financing simple, transparent, and accessible for everyone. Whether you have excellent credit, are rebuilding after financial challenges, or are a first-time buyer, our goal is to help you secure the right car loan for your situation – without the run-around.
We understand that life can throw unexpected obstacles your way – from job loss to medical bills – and we believe that your credit past does not define your future. Our platform is designed to offer flexible options tailored to your individual credit profile, with pre-qualification available in a short time. No matter your credit status, we’ll work with you to find the right loan, so you can drive the car you need.
The Dealer Direct Advantage Here’s why Dealer Direct Auto Loans is the smart choice for your auto financing needs:
Our platform connects with local dealerships, allowing you to pre-qualify for financing from the comfort of your home. Once pre-approved, you can visit the dealership and negotiate with confidence, knowing you have financing in hand.
Our network includes dealerships that specialize in helping people with less-than-perfect credit. From start to finish, our team sticks with you throughout the entire process, ensuring that you receive personalized attention and the support you deserve.
We believe in treating everyone with the respect they deserve. At Dealer Direct, there are no hidden fees or surprises – just honest, straightforward auto loans. We keep you informed every step of the way, from your initial application to driving off in your new car.
Why We’re Different Dealer Direct Auto Loans isn’t just about providing financing; it’s about empowering you with the knowledge and tools you need to make informed decisions. We aim to simplify the auto loan process and take the mystery out of financing, so you can be confident and in control every step of the way.
Apply Today
It’s your turn to experience the Dealer Direct difference. Apply now, and you could be approved in minutes. Your information is secure, and we’ll only share it with trusted financing partners who can help you get approved and driving today.
Our Story | A Better Way to Get Car Loans, No Matter Your Credit
At Dealer Direct Auto Loans, we believe everyone deserves a fair chance at car ownership, no matter their credit history. Our journey began when our founder, a seasoned auto finance professional recognized the challenges that people with bad credit face when trying to secure a car loan. With over 30 years of experience in the auto industry, we set out to create a solution that would simplify the process and give customers control over their car-buying experience.
Our founder had witnessed firsthand how frustrating and confusing the process of securing car loans could be, especially for those with credit difficulties. Whether it was long wait times, confusing terms, or a lack of transparency, we knew the system needed to change. So, we set out to create a better way—one that empowers customers to get pre-approved for their car loan before ever stepping into a dealership.
At Dealer Direct Auto Loans, we focus on educating our customers about the car loan process, providing clear, straightforward guidance. Whether you have good credit, bad credit, or no credit at all, our platform connects you with local affiliated dealerships which will offer you financing options tailored to your unique situation. We want you to feel confident and informed, knowing exactly how to navigate the process of getting a car loan.
Our mission goes beyond just helping you find financing. We aim to demystify the process of getting a car loan with bad credit, explaining who provides these loans and what it takes to get approved. Our approach emphasizes the importance of separating car financing from dealer negotiations, giving you the power to focus on getting the best deal for both your loan and your vehicle.
At Dealer Direct Auto Loans, we offer a wide range of educational tools and resources to help you make informed decisions, all available 24/7 from the comfort of your home. Our goal is to ensure that no matter your credit situation, you can access the financing you need with clarity and confidence.
We invite you to explore our services and experience the Dealer Direct difference today. Whether you’re navigating bad credit, no credit, or just want a better way to finance your car, we’re here to help every step of the way. Apply today and see how we can help you get behind the wheel of your next car—on your terms.
Absolutely! We specialize in helping people with bad credit find car loans. No matter your credit situation, we’ll work with you to connect you with a local dealership that can help.
No problem! Even if you don’t have a Social Security card but have an ITIN, we can still help you get the car loan you need.
We accept all kinds of proof of income. Whether you receive regular paychecks, work for cash and deposit your earnings, or drive for Uber or Lyft, as long as you can prove your income, we’re here to assist you.
The application process only takes a few minutes. Once submitted, one of our affiliated local dealerships will call you and go over your options.
No, simply filling out our form will not affect your credit score. However, when the dealership runs your application for financing, and the banks run their own inquiry, those credit inquiries will show on your credit report. That’s part of applying for a car loan, as no bank will give a loan without checking your credit history first.
That’s no issue at all! We work with all kinds of employment statuses, including self-employed and gig workers. Just provide proof of your income, and we’ll help you find the right car loan.
We take your privacy seriously. All the information you provide is securely encrypted, and we only share it with trusted local dealerships to help you get approved for a car loan.
As long as you have a full-time job and can prove your income, don’t have too much other debt that could put you out of budget, or don’t have open auto loans, we can pretty much get you approved. We’ll go over the terms with you so you can make an informed decision. If you don’t get approved, we will notify you.
It all depends on your overall credit and whether you’re buying a new car or a used car. Sometimes we may even get you approved with no money down. It all depends on the loan amount and the type of car you’re buying. We will give you the options so you can make the decision.
Yes, you can. As long as you can provide three most recent bank statements showing the deposit, we can use that as proof of income.
Yes, you must have full coverage car insurance if you’re going to finance a car.
Absolutely, as long as they have good credit and a job and meet all the credit criteria, a co-signer always helps.
At Dealer Direct Auto Loans, we pride ourselves on delivering exceptional service and helping people find the best auto loan solutions for their needs. Here’s what some of our satisfied customers have to say:
