Why should I get conditionally approved before car shopping?

First of all it’s easy! And once you are conditionally approved you can walk into a dealership knowing how much you can afford. AAC allows you to save time and get a lot of the paperwork out of the way through our Yes Auto Loans service. Apply Now for automotive financing before visiting the dealership. For qualifying applicants, AAC will email a Certificate of Conditional Approval for automobile financing that can be used at authorized dealerships in your area.

Does doing business with AAC really help build my credit?

Financing a used car can be one of the biggest purchases most people make.  Therefore, many lending institutions look very closely at automobile loans to verify your credit standing. We understand that it is in our customers’ best interest to build or establish a good credit rating.  At AAC, your payment history will automatically be reported to the three major credit agencies: Equifax, TransUnion and Experian.

What type of customer does AAC typically finance?

AAC assists car buyers in all types of financial situations including:              

  • Perfect credit
  • Less than perfect credit
  • First-time car buyers
  • Individuals with limited credit histories
  • Repossessions
  • Bankruptcies
  • Self-employed

Can I trade-in the car I own now even if I still owe money on it?

Yes, of course. If your trade-in is worth more than what you owe then you have trade equity. Trade equity serves as a down payment and will lower the amount you finance on your new vehicle. If you owe more than your trade-in is worth then you have negative equity. Negative equity may require that you increase the amount of cash you are required to make as a down payment.