Q3. How long does the car loan approval process take?

The amount you can borrow for an auto loan depends on factors such as the vehicle’s value and your credit score,

Borrowers with a 740+ credit score can finance 125% of the MSRP or retail value including tax and tags. GAP insurance and an extended warranty up to $4,000 may be added on top of the LTV limits.

Borrowers with a 700-670 credit score can finance 120% of the MSRP or retail value including tax and tags. GAP insurance and an extended warranty up to $4,000 may be added on top of the LTV limits.

Borrowers with a 669 – 630 credit score can finance 100% of the MSRP or retail value including tax and tags. GAP insurance and an extended warranty up to $4,000 may be added on top of the LTV limits.  Proof of income will also be required.

Borrowers with a no credit score can finance 100% of the MSRP or retail value including tax and tags. GAP insurance and an extended warranty up to $4,000 may be added on top of the LTV limits.  Proof of income will also be required.

Borrowers with a 629 – 600 credit score can finance 90% of the MSRP or retail value including tax and tags. GAP insurance and an extended warranty up to $4,000 may be added on top of the LTV limits.

Borrowers with a credit score 599 and below can finance 80% of the MSRP or retail value including tax and tags. GAP insurance and an extended warranty up to $4,000 may be added on top of the LTV limits.