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Basic Loan Criteria

Must be a U.S. or Canada resident at least 18 years of age.
Must earn min. gross income of $1,500/month.
Any previous bankruptcy must be discharged.
No repossessions within past 12 months.
No motorcycle or private-party purchases.

I meet the guidelines. Skip to the application.

Frequently Asked Questions

Find answers to common questions that people have asked us about car financing, bad credit, and what we can do for you.

What does Driver-Advantage do?

Driver-Advantage is a vehicle and loan finding service. We have contracts with hundreds of dealers all over the United States and Canada who have special departments for financing people with bad or no credit. We are not a direct lender. We offer these services absolutely free to the customer.

What type of car title loans do you handle?

We handle primarily car loans for people with little credit, no credit, or poor credit. We do not handle motorcycle financing, cars being sold by a private party, refinancing current loans, or financing through dealers who are not within our network. However, our network of dealers includes dealerships in every state and for every make of car.

What kind of car can I get?

We generally handle financing for all makes and models of cars that are brand new or up to a few years old, and have less than 36,000 miles.

My credit is shot. What can I do?

Our auto dealership affiliates have special finance departments that were designed with bad credit in mind. We will come up with a financing plan that is tailor-made around your specific credit situation.

Can I trade in my current car as a down payment for an auto loan?

Yes, however if there is a lien on the car that you are trading, additional cash my be needed to settle it.

What are credit inquiries?

Any time you apply for any type of credit such as car loans, credit cards, furniture store financing, etc., an inquiry is placed on your credit report. A financial institution that you are seeking a line of credit from will naturally pull your credit report to see your financial history. But those inquiries themselves are recorded on your report, and if you have had several inquiries in a relatively short amount of time, it is looked down upon by somebody new who his checking your credit report. Too many inquiries is often interpreted as an indication that a person is carelessly trying to get credit anywhere he can. Also, several inquiries would suggest that companies are not aproving you and so you have been trying again at other companies. The company who would be looking at these inquiry reports might say, "If all these companies are denying you credit, then they must consider you a bad risk."

I've recently had a bankruptcy. Can I still get approved for a loan?

Yes, as long as the bankruptcy is discharged.

I have little or no credit. Will I qualify for an auto loan?

Yes. Our dealerships have several financing options for first-time buyers.

Will I need a co-signer for a car title loan?

A co-signer may be an option for a buyer who does not comply with all of the credit requirements. However, the buyer's income must still meet all of the income and budget requirements regardless of the co-signer's income.

I work for an auto maker. Can I use my employee discount plan with an auto loan?

Yes. Just show your finance representative that you qualify for the discount(s) and it will be applied to the loan accordingly.

What interest rate should I expect?

The interest rate that your loan will have depends on a variety of factors. Rates are based on things such as your credit report and score, the equity position of the loan, your down payment, and the model year of the vehicle. Generally, rates increase about 1 point per year old that the car is.