Used Car Loan

There are a few general requirements you must meet in order for your application to be successfully processed. You may still submit a loan application even if you do not meet all of the criteria below, though we may not be able to identify a lender or as many as 4 lenders that match your profile.

• Age: You and/or your co-qualifier must be at least 18 years old
• Income: You must have a minimum income of $2,000 per month or $24,000 per year
• Bankruptcy: You must not have an open bankruptcy
• Location: You must reside in a state where myAutoloan currently does business (we do business in 48 states, but not in Alaska or Hawaii)
• Used Vehicle: The vehicle must not have more than 100,000 miles on it and must be 8 years old or newer
• Loan Amount: You must apply for a minimum loan amount of $8,000

You already know that doing your homework could save you serious cash when buying a used car. Otherwise, you wouldn't be looking to compare up to 4 loan offers in search of the best loan you can find! There are a handful of other perks to getting a used car loan and buying a used car, too.

Slower depreciation is one of the advantages to buying a used car. According to Edmunds, buying a car that's at least one to two years old helps you avoid the biggest drop in depreciation. In terms of used-car ownership, it's the "sweet spot" since the average car loses about 30% of its value the first year it's driven. That's not so great if you're determined to buy a new car, but it's a real savings opportunity if you're a used car buyer! Another perk to going with a used car loan? You could qualify for a shorter loan term, which means potentially fewer payments and the opportunity to pay your debt off faster.

Used car financing moves fast — sellers expect serious buyers with funding ready. myAutoloan connects you with up to 4 lenders through a single application, whether you're buying from a dealership or a private seller, so you arrive with financing in hand rather than scrambling to arrange it after you've found the right vehicle.

Complete our one-page, two-minute application and we'll match you with up to 4 of our trusted lenders. After accepting an offer, you can expect a check or online certificate as soon as 24 hours. With a check in hand, you can speed up the car buying process and enjoy your test drives, stress-free! You're in the driver's seat. Enjoy the confidence of knowing you have the check available to make the purchase when and where you want. Apply now and let myAutoloan help you find financing for your used car. Our applications are 100% secure and 100% hassle-free. Don't wait any longer!