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Can I get a Car Loan with a Bankruptcy or if I'm labeled High Risk

There was a time when having a credit score in the 500-600 range meant being labeled high risk & therefore unable to qualify for any type of loan. Fortunately, we have relationships with a number of national lenders that are willing to work with individuals who are facing these challenges.

Do Bad Credit Auto Loans have higher interest rates?

Although the interest rates may be higher and you will have to work harder for these loans, they are readily available for those who qualify. We make applying for bad credit financing easy. You no longer have to fear being turned down and the embarrassment of hearing the news from your salesperson.

How much will I get pre-approved for?

The loan amount that you will get pre-approved for is based on a number of factors such as job time, income, residence time, and credit score profile.

How much money will I need for a down payment?

The down payment money that may be required is based on a number of factors such as job time, income, residence time, and credit score profile. In some cases there may be 0 down programs.

Can I use my trade-in as a down payment?

Yes. Additional money, however, may be required if there is a lien on the automobile that you are trading.

What type of car can I get pre-approved for?

The typical auto loan for Guaranteed Approval is usually a newer vehicle with less than 50,000 miles. Nearly every vehicle financed through our national lenders is eligible for extended warranty protection so you won't have to worry about unexpected repairs.

Will inquiries effect my credit rating?

If you're shopping around for a car loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquiries can actually make getting an auto loan more difficult.

What are the minimum qualifications to get pre-approved?

There are no minimum qualifications to pre-qualify. Each auto loan application is evaluated based on the credit profile and equity position. An applicant with previous good auto credit, for example, may not have to meet income and job time requirements; whereas an applicant with a recent repossession would.

I've had a repossession less than a year ago. Can I still pre-qualify?

If the repossession was not included in a bankruptcy and there is still a balance on the account, you can still pre-qualify. Greater money down requirements will apply and vehicle selection will be limited to newer cars that are still under factory warranty.

I've never had credit before. How can I get pre-approved?

Our national lenders have several First Time Buyer Programs.

Will having Cosigners help me get pre-approved?

A Cosigner may be considered for a Buyer who does not comply with all the credit requirements. The income of the Buyer, however, must meet all the income and budget guidelines without reliance upon the income of the cosigner.

Should I find a car first before applying for an auto loan?

We recommend that you consult with one of our Approval Managers. They can determine how much you qualify for before you start shopping. This method will increase your chances of approval and decrease the number of inquiries on your credit report. Inquires may have a negative effect on your credit rating.

What will my new monthly payments be?

Monthly payments are based on your credit profile and the vehicle you are purchasing. Newer, lower mileage cars qualify for extended terms. The best payments are on less expensive cars that have under 50,000 miles.

What will the interest rate on my car loan be?

A very good question for which there is not a direct answer. Rates are based on your credit profile and the equity position of the loan. Our National Lenders are full spectrum. We will get you the best rate based on your credit profile. The higher your credit rating and down payment the lower your rates will be. Also, the model year of the vehicle plays an important role. Rates generally increase 1 point per model year. The older the car, the higher the rate.

I've been turned down before. How can Drive Now Topeka help?

We use state-of-the-art technology that evaluates your credit profile, available inventory, income, as well as debt factors. Our process ensures that each application has the best possibility of approval prior to submission.

What are the next steps?

We have streamlined the loan pre-qualification process by using a single secure online pre-approval credit application. This simple online form allows you to apply for credit from the comfort & privacy of your own home. Once the form is submitted, our financial department will find the most appropriate bad credit financing offer that fits your individual needs.

Hours 


Monday: 8:30 AM - 7:00 PM
Tuesday: 8:30 AM - 7:00 PM
Wednesday: 8:30 AM - 7:00 PM
Thursday: 8:30 AM - 7:00 PM
Friday: 8:30 AM - 6:00 PM
Saturday: 8:30 AM - 5:00 PM
Sunday: CLOSED

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