Frequently Asked Questions

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We've listed answers to the most popular questions here.


No. There are no fees to apply for auto financing with MaxCarLoan, and no obligation to accept any of the terms of any loan offered by one of our participating lenders or auto dealerships. Our service is completely free to use! Finance terms and related finance costs from the dealership you are matched with will vary depending on your personal credit worthiness.

Once you complete our auto financing application, your information is matched with our network of auto financing partners. If you are approved, you will be contacted directly and walked through the process of finalizing your auto financing.

Interest rates vary depending on a number of factors, including your car loan amount, your credit report information, and the type of vehicle you select. Upon the approval of your auto financing application, a credit processor will contact you and provide specific details regarding the loan amount you are approved for, interest rate, monthly payment and all other terms. You are under no obligation to accept any car loan terms offered to you.

A down payment may not be required in certain cases. If you have good credit, you may be able to get auto financing with little or no money down. If however, you've had some credit problems in the recent past, you'll most likely be required to have some type of down payment, usually equal to 10% of the selling price of the vehicle, or $1,000, whichever is greater.

At MaxCarLoan, we accept loan applications for both new and used cars. Our financing experts will help you determine the best situation for you.

MaxCarLoan's nationwide network of motor vehicle dealers provide loans for all vehicles types, including new and used. However, we do not provide loans for recreational vehicles or campers.

If you get approved for an auto loan through one of our direct auto finance partners, you can go to any franchise auto dealer in your state to buy a car. If however, you get approved for a car loan through one of our participating auto dealers, you’ll need to purchase a car from them – but remember, our participating auto dealers have the option to search other local dealerships to find the car that meets your selection criteria.

Most auto finance companies are able to process a car loan application either instantly or in less than 24 hours. Be prepared to provide any needed documentation like proof of income, car insurance or other stipulations required by the lender you are matched with. In most cases our customers are able to purchase a car within 24 to 48 hours from the time their application is processed.

At MaxCarLoan, we understand that not everyone's credit score is perfect. We work with a massive network of direct lenders and auto dealerships that specialize in providing auto financing to people with past credit problems.

Yes. MaxCarLoan utilizes industry standard security protocol and enhanced 256-bit data encryption technology to ensure that your information is 100% safe and secure at all times while on this site.

In certain cases, such as applications with extremely poor credit, a co-signer with good credit status can improve the applicants chances of getting an approval.


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