Auto Equity Loan FAQs

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• How much can I borrow on my car?

  Depending on your vehicle’s wholesale value, up to $25,000.

• How much does my car have to be worth to get a loan?

  We base our loans on the wholesale value of your car as stated by the most recent Kelley Blue Book^®. See chart below for your state's minimum wholesale value:
  Arizona:  $3,000 California: $5,000 Georgia: $6,000 Texas: $3,000

   

  *Lender will base actual loan amount on the equity of the vehicle as stated by the most recent copy of the Kelley Blue Book and the lender's underwriting criteria, which includes applicant's state of residence, credit report, credit score, outstanding debt and ability to repay the loan. Not all applicants will qualify. Kelley Blue Book is a registered trademark of Kelley Blue Book Co.

• Do I get to drive my car during the auto equity loan process?

  Yes. We understand how important your car is to maintain work and family responsibilities so you can repay your loan. Therefore, we allow you to keep your car throughout the loan process as long as you pay as agreed.

• Do I need to have good credit to get a loan?

  Not necessarily. Even if your credit isn’t perfect or you’ve suffered a bankruptcy, you may qualify for an Auto Equity Loan.

• Do I need a source of income to get a loan?

  Yes. You must have a steady source of income to show that you can repay the loan. Your income may come from your employment or other sources such as pension, alimony, child support, separate maintenance, public assistance, or any other verifiable income source.

• Is there a pre-payment penalty?

  No. You are welcome and encouraged to pay back your loan as early as you like.

• How soon will I hear from you after I submit the completed form?

  Usually within one hour, but even if our call volume is extra heavy, it usually does not take more than one business day for us to contact you.