Auto Credit Express 2024 Review
Auto Credit Express Review – Pros, Cons, and Auto Refinancing Options
An online resource for individuals of any credit background looking to secure a car loan or pursue auto refinancing.
Car and auto loans are one of the most common sources of financing in the United States. Despite their widespread need and use, shopping for a car loan can feel intimidating. For borrowers with poor or inconsistent credit history, this search can be discouraging.
Auto Credit Express has decades of experience in helping people secure the right car loan for their personal and unique situation. Within the United States and Canada, Auto Credit Express is the leading service for people looking to secure new and used car loans.
Auto Credit Express works by connecting dealers and lenders with buyers of all backgrounds. The company takes pride in helping buyers with unique circumstances and challenging financial situations. In doing so, Auto Credit Express expands opportunities for better loan conditions to customers who may not otherwise have the opportunity.
In this review guide, you’ll discover some of the pros and cons to using a service like Auto Credit Express. You’ll also get a glimpse at what makes the company unique and how they can provide help.
Auto Credit Express Loans: What You Need to Know
Auto Credit Express is a company under the larger corporate umbrella of Internet Brands. The parent company owns and operates an extensive network of car buying and financing resources and institutions throughout North America.
Auto Credit Express is set apart by a desire to help those with challenging financial backgrounds. This might include repossessions, bankruptcies, or delinquencies. If you’ve been affected by one of these financial situations, Auto Credit Express can help expand your options and qualify you for a new loan or refinancing.
Check out the Auto Express video resource library for an in-depth look at how-to guides, educational tools, and promotional videos: https://www.autocreditexpress.com/resources/videos/
How Do Auto Credit Express Loans Work?
Auto Credit Express offers a fairly straightforward loan application process. The company takes pride in delivering an answer to customers in minutes. To get started with the full process online, Auto Credit Express recommends that potential buyers:
- Learn about the company
- Explore informational resources
- Read up on reviews, products, and services
- Submit an easy four-step application
- Settle on the best loan terms available
Below is a more step-by-step approach to applying for a loan with Auto Credit Express.
Do Your Research, Apply, Agree to the Terms
In some cases, borrowers might land on Auto Credit Express after other options have fallen flat. It’s not unusual for Auto Credit Express customers to go through a first line of options at a dealership before realizing that they need a more customizable and flexible loan product. This is particularly true when it comes to refinancing an existing auto loan.
On the Auto Credit Express homepage, there are several options that customers will notice:
- Get Started Online
- Learn More
- Start by Phone
Auto Credit Express also offers a comprehensive FAQ section to help customers navigate some of the most popular concerns and questions. Some of these questions include:
- Am I eligible for a car loan after experiencing bankruptcy?
- How much money will I receive in a car loan?
- Are there no credit check, no money down dealerships?
Auto Credit Express makes it very easy to do research. The lists of questions, library of videos, and thorough blog posts are helpful to customers in the initial shopping stage. Once a potential borrower is ready to begin the process, the online application is quick and straightforward.
Throughout the application and agreement process, borrowers will learn how much money to apply towards a down payment and how much of the car price will be financed. Interest rates vary by lender and personal financial background.
What do Auto Credit Express customers have in common?
The loan options at Auto Credit Express are always open to the general public. However, many borrowers come to Auto Credit Express because they need a provider who offers exceptions and flexibility. Many of these customers:
- Have bad credit: Auto Credit Express helps buyers secure a second chance when they have poor credit. This may come in the form of subprime auto financing.
- Have filed for bankruptcy in the past: Auto Credit Express acknowledges that one of the best ways to build credit after a bankruptcy is through an auto loan. This is a huge benefit to customers looking to re-establish their finances.
- Want to explore leasing and buying programs: Credit history and vehicle requirements both play a role in determining whether leasing or buying is better. Auto Credit Express can help buyers navigate this important question.
Where are Auto Credit Express Loans Available?
Auto Credit Express loans and auto refinancing options are available to customers throughout the continent of North America. The company’s extensive network of lenders and dealerships is primarily located within the United States and Canada.
How Much Will Auto Credit Express Cost?
When working with Auto Credit Express, most borrowers will still be required to place a down payment on a car purchase. For borrowers with bad credit, this cost is typically at least $1,000 in cash. Over the life of the loan, borrowers can expect to repay both the principal (total loan amount) plus any applicable interest or fees.
What Type of Loan Can I Get from Auto Credit Express?
Auto Credit Express can connect customers to several different types of auto loan products. It’s important to note that Auto Credit Express does not offer these products firsthand. Instead, customers are matched to relevant institutions, lenders, or dealerships.
The leasing and financing options are diverse, meaning that buyers of all backgrounds have a chance to compare and shop for the best financial products. Below are some of the main financing products that you can apply for with Auto Credit Express.
1. Auto Loans for New and Used Cars and Leasing Opportunities
Auto Credit Express is committed to helping borrowers decide the right option when it comes to buying or leasing a car. There are several pros and cons to each opportunity, and credit scores may impact a buyer’s options. Regardless of the final decision, Auto Credit Express is an ideal service provider when it comes to finding the right loan.
2. Car Loans for Borrowers with Bad Credit
Auto Credit Express also offers options for borrowers with bad credit history. This outlet helps customers avoid being “upside down” in a car loan or dealing with a vehicle that quickly loses equity and value. The common experience of working with a dealership may not always be ideal for borrowers with shaky financial history, and Auto Credit Express aims to fill that need.
3. Second Chance Car Loans
Second chance financing is a way for borrowers to overcome poor credit and other issues, such as delinquencies. Auto Credit Express can connect customers to subprime lenders who are accustomed to helping individuals with shaky credit history.
4. $500 Down Car Loans
To be approved for a low-money down car loan, borrowers should be pre-approved. Once that takes place, Auto Credit Express facilitates a connection between a customer and a local car dealership to review relevant financial information. This offering helps buyers feel more confident in their search for a new or used vehicle.
5. Guaranteed Auto Financing
This form of financing takes place without a credit check. Although that may sound appealing, minimum monthly income requirements are often in place. For this product, Auto Credit Express connects customers to car dealerships that provide this type of financial service.
Pros and Cons of Auto Credit Express
As with any financing or loan service provider, there are both positives and negatives to using Auto Credit Express. Below are some of the most common comparisons that buyers should be aware of.
Auto Credit Express Customer Reviews
As you research auto loan options for purchase, lease, or refinancing, choosing a reputable company makes all the difference. Auto Credit Express is accredited by the Better Business Bureau and has an A+ rating. Additionally, the company has a 4.6/5 star rating on Trustpilot, with nearly 2,000 active customer reviews.
One customer who used Auto Express to overcome credit troubles said:
“Very grateful for the help when I was having trouble getting credit. Without your help I would not have been able to get a car after someone ran a light and demolished my car. Thank you.”
Here are a few other comments shared by real customers using Auto Credit Express for various loan products:
“I could not have had a better experience from any car dealership in the purchase of my new used truck! They told me what they would do and went beyond it. As far as the salesman, he went out of his way to see I was getting everything I was looking for and what to expect in the performance and features of the new vehicle.” - Reviewer in April 2020
“Auto Credit Express really came through for me when other people told me they could not help me, and they helped me get the car I wanted. I am very pleased with them.” - Reviewer in April 2020
The Auto Credit Express team also regularly responds to customer feedback and comments, showing that they are actively engaged and attentive to any constructive feedback or questions.
How to Apply for a Auto Credit Express Loan Product
Applying for an Auto Credit Express loan is relatively straightforward. Unlike other online loan companies, Auto Credit Express aims to make it easy for borrowers to apply online while receiving helpful support over the phone.
On the Web
- Head to https://www.autocreditexpress.com/.
- Select “Start Here” in the top menu bar.
- If desired, start the Pre-Approval process to learn how much you qualify for before submitting an application.
- When ready to apply, go to https://www.autocreditexpress.com/apply/.
- Complete steps 1-4 of the online form, which takes roughly 3 minutes.
- Finalize the details of the application.
- Check on your Loan Request Status in real time.
By Phone
If you prefer to start the process by phone, Auto Credit Express also offers this option. Simply call 855-439-0814 to speak with a representative.
How to Contact Auto Credit Express
**Address: ** 3252 University Drive, Suite 250 Auburn Hills, MI 48326 **Customer Service: **866-902-4403 Fax: 248.370.6601 Website: https://www.autocreditexpress.com Email Support: To create an email support ticket, submit the online contact form found here. **Facebook: **https://www.facebook.com/AutoCreditExpress/ **Twitter: **https://twitter.com/aceautoloans LinkedIn: https://www.linkedin.com/company/auto-credit-express/ **Blog: **https://www.autocreditexpress.com/blog/
Does Auto Credit Express Offer Other Financial Products?
All loan products at Auto Credit Express primarily focus on automobiles and vehicle purchases. If customers are looking outside the scope of new loans, auto refinancing options are available. Refinancing options are based on credit score and history. To learn more, check out the dedicated Refinancing page.
Pros
- A variety of options to borrowers who need a second chance
- More financing services for borrowers with delinquencies or bankruptcy
- Wide area of service in the United States and Canada
- Quick and easy application process
- Available phone support and staff help
- Broad selection of dealerships and lenders to choose from
Cons
- Specializes in helping borrowers with poor credit, which may not offer the best terms to borrowers with strong credit
- No in-person representative for Auto Credit Express (aside from dealership representatives)
- Some borrowers may have trouble working with Auto Credit Express for the pre-approval and application but then working with a local dealer for the actual car purchase
Car Loan Estimator
Auto Credit Express offers a simplified way to check how much you’re eligible for in an auto loan. By using the car loan estimator tool, you can plug in specific details about your personal financial situation. While not an official step, this resource may help customers set more realistic expectations.
Auto Credit Review – Summary
Throughout this guide, you’ve learned how Auto Credit Express can connect customers to a diverse network of dealerships, lenders, and financial institutions. If you’ve been turned down by other outlets, Auto Credit Express has decades of experience helping customers find the right auto loan product. Contact Auto Credit Express today to learn how they can help!
Frequently Asked Questions
Is it possible to secure a new auto loan with poor credit?
Yes! In fact, helping borrowers with bad credit is a speciality of Auto Credit Express. Throughout the application process, you’ll discover which options are available to you. These might include low cash-down loans or special incentives to help you rebuild your credit history.
Are there any special opportunities for military members?
Auto Credit Express is also committed to helping current or former military members secure the auto loan they need, regardless of credit history. Be sure to explore the Auto Financing for Military Personnel page to learn more about these programs.
How much money can I take out with a car loan?
Auto Credit Express does not directly decide the amount of your loan. Eligibility is determined by each lender or banking institution. The maximum loan amount often boils down to factors like credit history, personal financial background, and current income.
Are vehicle trade-ins accepted?
Auto Credit Express has several resources to help you decide whether trading in a previous vehicle is the right decision. Trade-in equity is an important part of this process, and buyers should make sure they have all the facts before using this method to get out of a bad car loan.
Should I use a cosigner on an auto loan?
Cosigners can certainly help a borrower with bad credit history achieve approval on a loan. However, it’s important that the person has a stable financial background and that they agree to the terms of the loan. Occasionally, a cosigner may be required, depending on a person’s financial background.
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