Auto Loans

Pre-approval tells you your real rate and your real budget before you’re standing in a dealership, which puts you in a much stronger negotiating position and protects you from finance-office upsells.

Loan-to-value is the ratio of your loan amount to your vehicle’s value. A lower LTV usually means a better rate and easier approval, because there’s less risk to the lender if the borrower gets behind on payments.

Negative equity means you owe more on your car loan than the car is currently worth, and is sometimes called being “upside down” or “underwater.” It usually happens from a long loan term, little or no down payment, or rolling a previous loan balance into a new one.

• Loan Amount Limits – We can finance up to 50% of the NADA (National Automobile Dealers Association) clean retail value for rebuilt or salvage title vehicles.
• Vehicle Condition – The vehicle must be operable. We cannot finance vehicles that are inoperable or have a junked title.
• Insurance Requirement – Full coverage insurance (collision and comprehensive) is required.
• Out‑of‑State Purchases – We can work with out‑of‑state sellers and title requirements. A copy of the title (front and back) may be required before funding.

• Vehicle details (year, make, model, VIN)
• A copy of the title showing the rebuilt or salvage designation
• Proof of full coverage insurance
• For private party sales: seller information and bill of sale

• Vehicles with junked titles
• Inoperable or black‑tagged vehicles

You’ll need to get a payoff quote from your lender, and the sale has to account for that payoff amount: either through the buyer paying off your loan directly, a dealer handling it as part of a trade-in, or an escrow service for private sales.