Review for 2022 is a direct lender with a fast decision-making process that’s done entirely online. Even more importantly, they welcome all credit types, making car loans accessible to borrowers of all types. Of course, you’ll still need to meet some basic requirements, but they’re still much more flexible than many other lenders.


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Compare with Other Lenders

If you’re looking for an easy way to shop for a car or refinance a current car loan, you’ll want to keep reading. Application Requirements encourages people of all credit types to apply for a car loan, whether it’s a purchase loan or refinance. In addition to your credit score, they look at a few other specifics. For example, they’ll pay close attention to your payment performance on car loans. This is especially true when refinancing but also applies to any old car loan you’ve had in the past. will also review your loan application for your debt to income ratio. This helps determine whether you’ll be able to meet your new monthly payments by adding the auto loan to your other monthly debt obligations. You may be able to get approved with a DTI as high as 50%. Just be cautious about making sure you can truly afford those extra payments.

Self-employed borrowers are also considered when applying for an auto loan. However, you’ll need to show proof of income, and you may need to meet a certain earnings threshold.

Types of Auto Loans Available at offers direct lending in two different ways. The first is financing the purchase of a new or used vehicle. The second is the refinancing of an existing auto loan to get better rates or terms ideally. Here are a few more details on each option.


A purchase loan from allows you to shop for either a new or used card. Because the application process happens first, you can confidently shop for your vehicle knowing your exact approval amount, along with your loan terms. In addition, the process allows you to be as informed as possible because you know what the purchase price looks like as a monthly payment when your personalized interest rate is included.

Shopping for a car with your funding certificate gives you more leverage in the process. In fact, states that it’s like shopping as a cash buyer because you’re already approved. You can completely avoid negotiating with a financing manager at the dealership because your financing is already set.

Purchase loans can last as long as 72 months, providing you with flexible options in finding affordable monthly payments. However, you may also find limits on the amount of funds you can borrow for your vehicle based on your income and ability to repay the loan.


Refinancing with can help you save money on your monthly payment amount and potentially even on the total cost of your loan.

The lender recommends thinking about refinancing your car loan if any of these situations apply to you:

  1. You’ve made all of your recent car payments on time.
  2. Current rates are lower than when you originally purchased your car.
  3. You received a rebate by financing your car through the manufacturer’s finance company.

To refinance with, your existing loan must be at least $7,500. If your loan amount is less than that, you could consider trading in your current vehicle and getting a new car loan instead.

Other eligibility requirements include the age and mileage of your vehicle. It must be no older than eight years and have less than 100,000 miles on it.

If you meet these basic criteria, you’re a strong candidate for a refinance option with

Fees and Rates

There’s no application fee when you apply for a loan with However, once you take out your loan, you could be charged late fees if you don’t make your payments on time.

What about interest rates?

This really depends on your credit score. APRs range between 7.99% and 14.99%; obviously, the better your credit score is, the better rate you’ll qualify for. When it comes to refinancing, APRs range between 7.99% and 21.99%.

When you receive your loan offer, they’ll supply you with all the terms and conditions so you can understand exactly what all the associated costs are with the loan, as well as what your monthly payment amounts to. Reviews

One of the best ways to find a great auto loan lender is by reading third-party reviews. You can discover what actual customers are saying about them before you choose to do business with them. The Better Business Bureau (BBB) currently gives an ‘NR’ as they are not BBB accredited. However, they have very few complaints. You will find many 4- and 5-star reviews of at several other review sites as well.

CarFinance’s Application Process

When you apply, you can get a decision in under 30 seconds when you fill out the form online during CarFinance’s business hours. The online process also lets you submit documentation through’s web platform after you’re approved. You’ll be required to provide proof of income proof of residence, and proof of insurance.

Additionally, your rate is locked in so you can start shopping while knowing your exact budget numbers. Finally, you have 30 days to complete your car purchase before your loan offer expires.

After approval, you can shop for a vehicle at any of CarFinance’s qualifying dealerships. All you need to do is bring your Funding Certificate for an easy process.

If you’re refinancing an existing car loan, you submit a credit application that’s similar to the purchase application. Once you’re approved, you can review your loan offer to make sure the terms are to your liking. Next, upload any requested documentation directly to the CarFinance website. will then pay off your existing car loan, and you start making payments on your new loan.

No matter what kind of loan you get through, you can take advantage of their comprehensive online tool LoanDriver. This platform lets you complete the application process entirely online and lets you track your progress every step of the way.

Special Features partners with Infinity Auto Insurance to offer borrowers a competitive option for their car insurance needs. In addition, infinity offers a quick and easy application process with affordable coverage options.

Guaranteed auto protection (GAP) insurance is available in many states. This product protects you in the event your vehicle is totaled in some way. With this insurance, your loan balance would be canceled, so you don’t have to continue making payments on a car that doesn’t work anymore.

Total loss can occur due to theft, an accident, or fire. If you decide to purchase this insurance, be sure to fully read the GAP agreement to understand all the nuances that come along with it. has a great customer service team that can be reached Monday through Saturday or via email at any time.

Bottom Line

It’s always smart to compare offers, but definitely comes with some competitive advantages. They also offer a fair amount of flexibility in their approval requirements, so as long as the loan terms work for you, you may get approved regardless of your credit history.

For your next car purchase or auto refinance, should definitely be on your shortlist.

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