Auto Loan

Researching and applying for auto loans can be very stressful and time consuming. This is especially true if you are at a dealership negotiating the price and trying to make sure you get the best auto financing available based on your credit history. Here at Getmoney.com, we strive to take that stress out of the equation and make the car buying experience as seamless as possible, at least the financing portion of it. Working with the companies that we’ve researched and selected for all your auto financing needs, you can be assured you are getting the auto loan that is right for you.

Nationwide our service has closed over 1 Billion Dollars in auto loans for over 116,000 people with bad credit. We're the only company processing applications inside select new and used car dealerships across America.

ACE works with the largest lenders and the most reputable dealerships to ensure each
applicant gets the best financing based on their history.

We overcome most problems by providing simple, non-threatening services for first time buyers, people with slow pay, repossession, or bankruptcy.

If you have bad credit complete our online auto loans application and get a fast auto loan approval even with bad credit.

The application will be processed by a nearby bad credit auto loans participating dealer within minutes, during normal business hours.

"There are allot of companies out there that claim to help and I've tried a few. Just when I was convinced that my situation was helpless a co-worker
recommended your service. Thanks for helping me and my family. We love our new vehicle."

Marlon C., Port Huron

"What a pleasure it was to buy car. When it comes time to buy again you will get our business because everyone was so helpful and answered our questions completely. Besides, everyone stayed after hours just for us. That's what I call service."

Chrisitne L., Roseville

Auto Loan Terminology

Annual Percentage Rate (APR) The computation for the effective APR for auto loans is the fees plus compound interest rate. May vary if up-front fees, such as origination or participation fees, are added to the entire amount, or treated as a short-term loan due in the first payment.

Backdoor money Additional rebates that auto dealers get from manufacturers.

Factory invoice The invoice from the auto manufacturer to the dealer. The actual cost of the car to the dealer may vary due to holdbacks, advertising fees, fuel charges, dealer discounts, rebates, and incentives.

Front-loaded loans Any auto loan where the majority of the initial payments are applied towards interest. With these loans, lenders get paid first.

Holdback Money is an incentive the dealers get from the manufacturers if they sell a car within a specified period.

MSRP Manufacturer's Suggested Retail Price. This may not include items the dealer has added such as security systems, rims, tires and etc.

Base MSRP is the suggested retail price of the car with no options.

Prepayment Penalty A penalty charged for paying off the auto loan before the end of its term.

Term The payoff period of the auto loan in months or years.

Trade-in allowance is an amount that a seller reduces the purchase price of a new car in exchange for the acquisition of a car currently owned by the buyer.

Upside-down Loan is an auto loan with a balance that is more than the value of its collateral.

Financing Sources

There are several ways of financing a car, each with its own unique pro and cons.

Dealership
Pros: Convenient, dealers sometimes offer special incentives not offered by others.
Cons: High pressure sales tactics, pushing extras such as extended warranty, rims, tires, and etc. for additional fee, or may even increase the interest rate to cover the discount offered on the price of the car.

Bank
Pros: Competitive rates, personal service, no sales pitch for add-ons.
Cons: Not a very convenient choice (too time consuming). Most institutions will require multiple documents and are very strict on W2’s and paystubs.

Online financial institution
Pros: Excellent rates, quick and easy.
Cons: There may also be a security issue with unknown lenders. Thus, we highly recommend you only use trusted and reputable sites for all transactions.