Most lenders will finance used cars, and sport utility vehicles. However, some lenders have specific restrictions or will not finance certain models. For instance, most lenders will not finance conversion vans or luxury sports cars, or vehicles that have been salvaged or repossessed. We will work with one of our dealers to review your own situation and requirements.

If your vehicle is worth more than the remaining loan balance, you have what is called "positive trade equity." This equity can be put towards your down payment or used to reduce your loan amount. Work with one of our dealers to determine your specific requirements. If you owe more than the value of the vehicle, which is called "negative equity" or "being upside down," you will want to talk to one of our dealers.

20 percent down on a car loan, could get you affordable interest rates and monthly payment options that could save you money over time.

Maybe. In all cases, Chapter 7 or Chapter 13 bankruptcies must be discharged or dismissed before you can apply for an auto loan. If your bankruptcy has been discharged or dismissed, you can apply.

Restrictions will vary based on the lender. Please contact us to discuss your options.

Usually the same day or within 24 hours.

Income requirements will vary by lender.

Depending on the lender, you may be required to include a copy of your current driver's license, proof of auto insurance, personal reference contact information, and a pay stub with current year-to-date earnings.

Credit decisions and loan approvals are based on the information you submitted in your application and a review of your credit report. We do our best to ensure one of our dealers contacts you within 24 hours, but it may take some dealers longer to verify and review your information. Response time may vary over weekends or holidays.

Yes, but your current employment, credit and financial situation needs to be reviewed in order to see if you would qualify.

Of Course. We encourage you to apply for an auto loan before you buy for a couple of reasons. First, when you walk into the dealership with an auto loan approval in hand, you will have the negotiating power of a cash buyer. More importantly, you will know how much you can afford. The combination of your auto loan amount and down payment amount will approximately equal the purchase price of the vehicle you are able to buy.

Yes. We have dealers that specialize in these situations. We may be able to help you find an auto loan when other lenders have turned you down.

Lenders will look at the length of time you have been at your current place of employment, as well as the year-to-date earnings on your pay stub. Applying today is the best way to find out if a lender will approve you for a loan, as employment requirements will vary depending on the lender.

If you have a job that can be verified, and if you are not currently involved in a bankruptcy, then your chances of approval are very good.

Unlike other companies who simply get your information and send it a dealer, overlooking the assistance, information and follow-through you really need, Square One Auto Finance builds a customer profile prior to getting your information to the dealer. We work directly with the dealership to get you approved. We do more, and if for some reason you do not get approved, we help you understand what you can do to help your situation. We do not leave you hanging.

In most cases, if you have credit problems and go directly to the dealership, you are more than likely going to have an unpleasant experience. First of all, once they learn that your credit is less than perfect, the way they treat you will change from friendly and courteous to not-so-friendly. Second, they will most likely show you a very low quality, limited selection of cars that are far from the type you may want or need. You can avoid all these unnecessary hassles with Square One Auto Finance and feel confident that we will already have you pre-qualified before you walk into a dealership. You will then be treated with the respect you deserve.

Freezing your credit report stops all credit activity, which is not good if you plan on applying for credit anywhere. If you need to stop an identity thief or unwanted solicitations for credit cards, freezing your credit report could be a good idea. If you want to apply online or in-person for a new credit card, car loan, or mortgage refinance, you will have to unfreeze your credit report before you do so.

You may apply once every 30 days for our loan products.

As long as it falls within the minimum and maximum amount you were approved for, you can use only what you need. Depending on the lender you select, you may be able to add additional aftermarket accessories or extended service plans if the maximum loan amount will allow it.

Yes. We work with dealerships who can provide the lowest interest rates possible based on your credit situation.

Yes. When checking with the credit bureau, many lending institutions look at bad credit loans more closely than any other type of loan to verify your credit standing. Secured credit cards can be helpful - but you really are just borrowing your own money with the glory of having a piece of plastic in your wallet. Buying a car from a "buy here, pay here" lot that does not report to the credit reporting agencies is usually not productive because it does not help your credit record at all.

No two situations are the same, so there is really no set amount. The amount you can borrow will depend on your credit history, income, the amount you request, your down payment, and the length (or term) of the loan. Once you complete and submit your application, you will better understand the options that are available to you.

Yes, but sometimes this can be time consuming. To compare actual loan rates, you would need to fill out multiple applications with multiple lenders and banks. When you apply for auto financing through Square One Auto Finance, we take care of the hard work for you. Just fill out one application and wait for one of our dealerships to contact you with the best offer.

For used vehicles, this number is calculated by dividing the loan amount by the estimated value as published in an auto-pricing guide like Kelley Blue Book. The lender will use your loan-to-value ratio to help determine if you qualify for the loan amount requested. If the loan-to-value ratio on your application is outside of the lender's guidelines, they may require you to put down a higher down payment.

After you submit your application, you usually have 30 days from that date to select a loan offer.

Loan terms vary by lender. The term of the loan is generally determined by the age and mileage of the vehicle, along with your credit profile. Our lenders offer loan terms ranging from 24 months to 72 months.