Auto Advantage Finance | How to Get a Loan from Auto Advantage Finance

auto-advantage-finance

Looking for vehicle financing? You should consider getting an auto loan from auto advantage finance.

Getting a vehicle with the rate of inflation and taxes can be pretty expensive, but with an auto loan, you can have all the luxury you need with little or no stress. 

This post will discuss their services and how to get a vehicle loan quickly.

Related: Nonprofit Finance Fund | How to Get Investment Fund for Nonprofit

Overview

Auto Advantage Finance is a car lending firm based in Oklahoma, USA. They provide several types of vehicle finance, even for individuals with bad credit.

So, if your credit score has suffered due to a divorce, job loss, bankruptcy, etc. Even if other companies fail, they will give financial assistance.

They examine each consumer and financial condition objectively and honestly. They offer customized car loans for vehicles to meet the demands of their customers.

Related: Morry Rubin Finance | All You Need to Know About Morry Rubin

Why Choose Auto Advantage Finance?

Auto Advantage Finance has been in the auto financing business since 1996, with quick loan processing and approval times. Its application procedure is clear and straightforward.

It even provides the ability to assist you in improving your credit score, and they have a wide range of options. You may obtain vehicle finance online or in person without additional processing fees.

If you’re searching for in-house financing for a used automobile in Oklahoma City, give Auto Advantage Finance a go.

Related: Should You Get a Loan From Pronto Finance?

Types of Auto Finance Available in Auto Advantage Finance?

They offer different types of vehicle financing, including

  • Car Finance
  • Van Finance
  • motorcycle finance
  • caravan finance
  • electric car finance

What Does BHPH Mean?

Auto Advantage Finance offers the BHPH (Buy Here Pay Here) loan and does not rely on third-party lenders or banks to finance your purchase.

It offers automotive financing, making it easy for you to get your ideal car. They are unique because they report to credit bureaus, making it easier to develop and rebuild your credit as you make on-time payments.

Related: Revolve Finance Overview: Is Revolve Finance a Real Bank or Credit Card?

What are the Benefits of Buy Here Pay Here?

There are many benefits of the buy here pay here dealership plan when purchasing a used car. Some of the benefits include

  • fast and stress-free approval process within 24hrs
  • Loan Approval, even with bad credit
  • offers you a low-down payment car easily and quickly
  • they can help you rebuild your credit score through early repayment
  • they offer a broad range of high-quality cars to select from
  • they offer very competitive interest rates, cheaper than other car dealers
  • they offer to pay as you go financing option that can help you trade your used car for a newer one after a certain number of on-time payments.

Related: Giggle Finance: Reviews, Requirements & Alternative | 2023

How to Apply for Auto Loans on Auto Advantage Finance

To apply for an auto loan on an auto finance platform, there are a few steps involved, which include:

  1. Visit the website by clicking here
  2. Click on the get pre-approved buttons
  3. Go through the terms and conditions
  4. Then apply for the auto financing

Related: Global Equity Finance Reviews, Salary & Jobs | 2023

Customer Service

For any difficulty encountered during the application process and further information, call (405) 772-7777 or email the support team at wecare@ecaautogroup.com.

Auto Advantage Finance Review

The company has built a solid reputation over the years, with an average rating of 1.4 stars across most platforms. Customers have complained about anything from lousy customer service to incorrect debt computation and debit. Here are some of the feedback:

My husband and I bought a car 4 months ago for reasons to build our credit up with. They have not been reporting to the credit bureau’s at all and claim you have to call them. When you call the credit bureau’s they specifically say you cannot dispute a claim that has never been on your credit. It don’t even show you have a car note so how can you dispute it?? Soooooo it’s the Finance companies fault. I will give this till December and if not resolved by then we will have our attorneys on this. We bought this car to build credit not to sit here and pay on a vehicle for nothing. This better get resolved in a timely manner. My patience is wearing thin. The supervisors my husband have talked to were absolutely rude as well and treated him as if he was stupid and I’m sure he’s much more educated then she was.

Kassie R

Don’t recommend to anyone. Was told I owe $2,400 left on my car in June of 2022 and my payment is $429 a month and here it is October of 2022 and they’re telling me I owe them $2,300 still which I’ve never been late on a payment and have already been paying on it for 34 months and and I’ve double payed multiple times just to get my vehicle paid off faster. And apparently it hasn’t done anything. I highly do not recommend at all! They also do not report to the credit bureaus every month like they say they do. It only shows they’ve reported 4 times in the past 34 months I’ve been paying on it. Don’t waste your time go to somewhere where you aren’t taken advantage of. Hint Auto “Advantage” Finance where they take advantage of everyone.

Randy Johnson

Conclusion

We hope that now that you know everything there is to know about car advantage finance, the reviews, and how to apply, it will help you make an informed decision.

FAQs

What APR is Advantage Finance?

Advantage Finance’s usual APR is 29.35%. Take, for example, a Hire Purchase Agreement that is repayable over 48 months.

Which Credit Score Does MyAutoLoan Use?

To qualify for a MyAutoLoan, applicants must have a FICO credit score of 575 or above.

What APR will I get with a 550 Credit Score?

With a credit score of 550, you fall into the subprime category, which means you’ll pay a higher interest rate. In general, lenders will provide a vehicle loan with an interest rate ranging from 15% to 20%, depending on the length of your loan—if they accept you at all.

FAQs

What APR is Advantage Finance?

Advantage Finance’s usual APR is 29.35%. Take, for example, a Hire Purchase Agreement that is repayable over 48 months.

Which Credit Score Does MyAutoLoan Use?

To qualify for a MyAutoLoan, applicants must have a FICO credit score of 575 or above.

What APR will I get with a 550 Credit Score?

With a credit score of 550, you fall into the subprime category, which means you’ll pay a higher interest rate.

In general, lenders will provide a vehicle loan with an interest rate ranging from 15% to 20%, depending on the length of your loan—if they accept you at all.

Reference

Recommendations

0 Shares:
1 comment
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like