- Lower monthly payments than a standard loan
- Option of returning vehicle at end of lease without buyout
- Low minimum credit score
- Large “balloon” payment at end
- Process isn’t done entirely online
- Gap coverage not offered in New York state
Good online resources, but no access to rates
Customer services and support
Limited ways of reaching lender
Offers all loan types*
Offers multiple repayment plans- but no special repayment programs
Eligibility (credit score)
Doesn't cover bad credit
FiWize offers its auto loans for purchase, refinancing, or leasing of new or used vehicles. They offer multiple loan options to choose from depending upon how long you wish to keep your vehicle. Any option they offer will be focused on providing the borrower the lowest possible monthly auto payment.
A FiWize loan is a great choice for anyone who wants a low payment loan to purchase a new or used car or refinance an existing vehicle.
FiWize offers multiple loans options for purchase, refinancing, or leasing of new and used cars. FiWize’s loans contain a number of unique features that makes this lender stand out from the crowd. Lower monthly payments are only the beginning with this auto lender.
Here are some of the most notable features of FiWize’s financing services:
- Reduced monthly payments, with potential savings of up to hundreds of dollars per month
- Friendly and helpful loan consultants to guide you through the application process
- See rates and monthly payments without impacting your credit score
- A variety of loan options depending how long borrowers want to keep their vehicle and the age of that vehicle
Getting a car loan shouldn’t be an exhausting process, and luckily FiWize gets the job done quickly. To get a quote, simply select from one of these three options: purchase, refinancing, or lease buyout. Fill out your name, contact details, and vehicle information, including make, model, trim, and mileage. Hit submit and wait for an agent to call or email you back.
A FiWize representative will clarify any questions and make you an offer. If you accept the offer, FiWize will then run a credit check to determine whether it can go ahead and finalize your auto loan. FiWize promises to handle the contract, the payoff (if you’re refinancing), purchase funding, title, and other paperwork.
Loan Types and Terms
The terms and conditions are fairly simple and FiWize is transparent about all that’s involved. Depending on whether you’re purchasing, refinancing, or leasing a vehicle, FiWize offers the following options:
- You can sell or trade your vehicle yourself and pay off the loan balance at any time.
- No prepayment penalty.
Customers may choose from loan terms of 36 to 84 months (3 to 7 years). Like any other car loan, longer terms translate to lower monthly repayments and shorter terms translate to lower total interest. Thanks to FiWize’s multiple loan offerings, some loans have even lower monthly repayments than most other auto financing.
How Safe Is It?
FiWize is a privately held fintech company incorporated in Delaware and headquartered in Scottsdale, Arizona. It is open and transparent about its services, terms, and conditions. FiWize offers a secure and affordable way of financing your vehicle.
Help & Support
Every FiWize financing application involves a call with an agent who will then guide you through the entire process. FiWize’s website contains plenty of information on how its loans work and how to apply, along with useful calculators to help estimate your savings ahead of time.
Phone: 877-4-FIWIZE (877-434-9493)
Email: Direct contact form on website
How FiWize Compares
|Minimum credit score||620||600|
|Loan amounts||$10,000 - $150,000||$7,500 - $300,000|
|Loan term||24-72 months||12-72 months|
|Suitable for||Low monthly payments||Comparing auto loan offers|
If monthly payments are the main thing stopping you from purchasing or refinancing a vehicle, FiWize may be for you. Thanks to FiWize’s auto loan options, borrowers can now obtain a loan with significantly reduced monthly payments.
8901 E Pima Center Parkway
Scottsdale, AZ 8525