Frequently Asked Questions
Find answers to common questions about bad credit auto loans and our pre-qualification process.
About Our Service
What does Car Approval Pro do?
We connect people with credit challenges to local dealerships that specialize in bad credit and subprime auto financing. We match your pre-qualification with dealers who have experience helping customers in your situation get approved for auto loans.
How much does your service cost?
Our service is completely free for applicants. There are no fees to submit your pre-qualification form or get matched with a dealer. We're compensated by our dealer partners, never by you.
Do you sell cars directly?
No, we don't sell cars. We're a matching service that connects you with local dealerships that have the inventory and financing options that match your needs and situation.
The Pre-Qualification Process
How long does the pre-qualification take?
Most people complete our pre-qualification form in 3-5 minutes. You'll need basic personal information, employment details, and your desired vehicle information.
Will applying hurt my credit score?
No. Our initial pre-qualification and dealer matching process does not involve hard credit inquiries and will not impact your credit score. Only when you're ready to finalize a loan with a specific dealer will they run a hard credit check.
What information do I need to pre-qualify?
You'll need your Social Security Number, current address, employment information (employer name, income, time at job), and details about the type of vehicle you're looking for.
How quickly will I get matched with a dealer?
Most people are matched with a dealer within 2-4 hours during business hours. You'll receive a phone call from the dealer to discuss next steps and schedule a visit.
Credit & Approval Requirements
What credit score do I need?
We work with dealers who approve customers across the full credit spectrum, including those with scores below 500. Even if you've been denied elsewhere, our dealers may still be able to help.
Can I get approved with bad credit?
Yes! Our dealer network specializes in bad credit auto loans. They have relationships with subprime lenders who understand that past credit issues don't define your current ability to pay.
Will bankruptcy prevent me from getting approved?
Not necessarily. Many of our dealers work with customers who have had bankruptcies, even recent ones. Both Chapter 7 and Chapter 13 bankruptcies can be approved depending on your current situation.
Can I get approved with no credit history?
Yes. First-time buyers with no credit history are often approved. Dealers will look at other factors like employment stability, income, and down payment ability.
What if I have a repossession on my record?
Past repossessions don't automatically disqualify you. Our dealers understand that circumstances change, and they'll evaluate your current financial situation and ability to make payments.
Down Payments & Income
Do I need a down payment?
Down payment requirements vary by dealer and your specific situation. Some dealers offer no money down programs, while others may require $500-$2,000 down. A larger down payment can improve your approval odds and loan terms.
How much income do I need?
Most dealers require proof of at least $1,500-$2,000 per month in gross income. This can be from employment, disability, retirement, or other verifiable sources.
What if I just started a new job?
While some lenders prefer 6+ months at your current job, many dealers can work with recently employed applicants, especially if you have a strong work history or the job is in the same field.
After Approval
How long are loan terms typically?
Subprime auto loans typically range from 24-72 months (2-6 years). Your specific term will depend on the vehicle price, your down payment, and lender requirements.
What interest rates can I expect?
Interest rates for bad credit loans typically range from 12-24%, though rates can be higher or lower based on your specific credit situation, down payment, and the vehicle being financed.
Will my payments help rebuild my credit?
Yes! Most subprime auto lenders report to all three major credit bureaus. Making your payments on time will help improve your credit score over the life of the loan.
What if I'm not satisfied with the terms?
You're never obligated to accept a loan offer. If the terms don't work for you, you can decline and walk away with no penalty or obligation.
Privacy & Security
Is my information secure?
Yes. We use bank-level SSL encryption to protect your personal information. Your data is transmitted securely and stored on encrypted servers.
Who sees my information?
Your information is only shared with dealers in our network who may be able to help you. We never sell your information to unrelated third parties.
Will I get spam calls or emails?
We only share your information with relevant dealers who can help with your auto loan. You should expect a call from 1-3 dealers within a few hours of applying.
Tips for Approval Success
Be Honest
Provide accurate information on your application. Honesty about your credit situation helps dealers find the right financing solution.
Have Documentation Ready
Bring proof of income, residence, and insurance to the dealership to speed up the approval process.
Consider a Co-Signer
If possible, having a co-signer with better credit can improve your approval odds and get you better terms.
Be Realistic
Choose a vehicle that fits your budget. Affordable monthly payments improve approval chances and long-term success.