Loan Programs
Application
Loan Programs
What are Direct Purchase Loans?
Direct Purchase Loans are loans where we secure the vehicle financing
for you up-front. This lets you "Have your Loan in your Pocket before you go Shopping".
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What types of purchase loans are you currently offering?
We now offer purchase loans for both new and used vehicles, as well as private party purchase. If approved,
these loans may be used to purchase autos, trucks, motorcycles, and recreational vehicles.
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What is the difference between a Private Party Purchase and a Dealership Purchase?
A Private Party Purchase is a vehicle purchased from a private individual and a Dealership
Purchase is a vehicle purchased from a franchised automobile dealership.
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What is a Franchised Dealer?
A Franchise Dealer typically carries lines of one or more new car makes and operates as a
franchisee of the vehicle manufacturer. However, some Dealer Groups carrying pre-owned
vehicles may be considered as Franchised Dealerships. Our staff will gladly help you
determine whether or not a dealership is franchised.
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Application
What types of interest rate can I expect?
We are able to offer competitive rates for a wide range of credit scenarios. By
evaluating your credit history, work history, and income, we will determine the
best possible rate for your particular situation.
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Are there limitations as to the type of vehicle I can purchase?
Some of our products do have certain guidelines as to the year, make, and mileage of the vehicle. Your
loan specialist will go over all of these with you when they contact you
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I have some credit problems in the past. Can I still apply?
With over 80 years of automotive industry experience, we at Direct Auto Loan Center are aware that
re-establishing car credit can be very frustrating to a consumer. Our lending partners have programs
especially designed to help customers that have had credit problems in the past.
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My credit is good, but very limited. Can you help me?
It has been said that purchasing a car is sometimes more difficult than purchasing your first home.
Again, we look at the whole customer profile so that we can help that first time car buyer.
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How long will this process take?
Usually, the approval process takes less than an hour; however, it can take up to 24 business
hours for a decision. Once your loan has been approved and you've talked to a loan specialist,
a loan package is sent, over-night, to you. With the loan in your pocket, you are ready to enjoy
a stress-free shopping experience!
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