In a Nutshell
pros
- Helps customers with no credit and a history of bankruptcy
- A variety of loan types
cons
- Provides limited information on loan terms and rates
- Limited customer support channels
Auto Credit Express at a Glance
If you have poor credit and want to improve your credit standing, Auto Credit Express can help. The company’s network partners offer new car purchases or leasing loans and can help you find a financing solution to purchase a reliable car regardless of your credit score.
Auto Credit Express’ network of lenders includes car dealers that can readily offer customers with poor credit the ability to purchase cars directly. Moreover, the company offers auto insurance and a variety of educational resources. These resources are designed to help you identify the strategies for responsible financing and boost your credit score by displaying sensible financial habits.
Founded in 1999, Auto Credit Express was created by Rich LaLonde, who discovered that dealerships were consistently rejecting customers with lower credit scores who needed financing solutions. The company quickly developed a system geared towards subprime auto financing, which evolved into Auto Credit Express. Today, the company has a vast network of over 1,200 dealerships and loan providers dedicated to helping customers with poor credit and first-time buyers access financing services without negatively affecting their finances.
Suitable For?
Auto Credit Express focuses on borrowers with weak credit, and it is an alternative source of financing if you need a dependable vehicle but lack the creditworthiness to access a loan elsewhere.
Auto Credit Express Features
In addition to its lending services, Auto Credit Express goes a step further by connecting low and no credit customers with the vehicle dealers that are most likely to be the right fit. Auto Credit Express also hosts a series of financial educational resources on its website, including loan and payment calculators, videos, articles, and an insightful blog that is updated frequently with helpful materials. You can sign up for a newsletter that delivers finance-related guides and articles directly to your inbox.
Some highlights include:
- Loans for customers with weak credit
- Financing for borrowers with open bankruptcies
- Extensive educational resources
- A streamlined application process
- A variety of loan types
- Pre-qualification in minutes
- The opportunity to improve your credit rating while paying off a loan
Application Process
Getting started with Auto Credit Express takes only a few minutes. The first step is to fill out a quick application that collects some personal details, including contact and basic identification, employment information, income, and residence status. To apply for most loans, you must meet the following requirements:
- A monthly pre-tax income of at least $1,500
- Be at least 18 years or older
- Reside in the United States or Canada
- Be a citizen or permanent legal resident of the United States or Canada
- Have full-time employment or guaranteed fixed income
- Have a working phone number
Once you fill out the initial application, you will be pre-qualified before you are matched to a dealer and lender.
Loan Types and Terms
Auto Credit Express is geared toward customers seeking loans for new and pre-owned autos or leasing options. These loans are comparable with traditional financing options for cars. Financing with Auto Credit Express offers you the ability to find the right vehicle for you. The provider is an excellent choice if you prefer not to make a long-term auto commitment and prefer the flexibility of a lease agreement.
If you access conventional financing for any reason, Auto Credit Express can help. Dealers within the network offer the following:
- “Buy here, pay here” dealers
- “Finance anyone” dealerships
- “Rent-to-own” dealerships
How Safe is It?
Auto Credit Express’ privacy policy is transparent when it comes to the information the company collects from customers. The website also details how you can opt-out of this data collection in most cases. Auto Credit Express explains what information it shares with partners and why. The platform uses strict security measures to protect customer data and employs industry-standard security measures, including encryption during data transmission and storage. Auto Credit Express installs physical and electronic protections for its data centers and servers.
Repayment Options
As Auto Credit Express is not a direct lender, it does not handle payment processing or financing options. Its partners do, however, offer standard repayment options. However, the website lacks information regarding representative interest rates, terms, and loan amounts. With Auto Credit Express’ loan and payment calculators, you gain a better idea of your repayment obligations and the terms you are eligible to receive.
Help & Support
You can contact Auto Credit Express via a toll-free number or an online contact form. Waiting times over the phone are generally minimal, and queries via email are usually answered within a day.
Summary
Auto Credit Express offers services to a demographic that is underserved. By focusing on borrowers with poor credit, bankruptcies, or first-time buyers, this lender’s network can help you improve your credit score while finding a vehicle to purchase or lease. Auto Credit Express offers a variety of services and outstanding support. Auto Credit Express is an ideal fit if you are looking for a loan to help you improve your credit while allowing you to steer the process in the direction you want.
Physical Address
Auto Credit Express
3271 Five Points Drive, Suite 200
Auburn Hills, MI
48326
