Welcome to Virginia Car Loans, and let us get right to the point.
We handle all types of credit, but we've made our mark over the last 19 years by helping people with credit problems get a loan approval. We are not one of those "Everybody's Approved" kind-of-sites, but a quick read of our minimum requirements will show you how we can help most everybody.
Here's how we do our business. Your online application is processed at our home office in Richmond, and then forwarded to a local loan officer in an auto dealership near you. You read that right -- an auto dealership. More than 80 percent of all cars purchased in the U.S. are financing through dealerships, and since that's where banks are most comfortable, that's where we work.
But here's the secret. Dealers in our network are electronically linked to more than 400 lenders -- and that gives them the ability to slot you to the best loan rate your credit score will allow. That's a big advantage in your favor.
Our online loan application is free and puts you under no obligation. Try it!
Virginia Car Loans is part of the InterActive Financial network of auto loan Web sites. InterActive is headquartered in a converted tobacco warehouse in downtown Richmond, and our parent company, Dominion Enterprises, is headquartered in a 20-story tower in downtown Norfolk.
InterActive was founded in 1989 by an innovative, third-generation car selling family. After coming up with a way to help get bad credit car loans approved in an easy manner, the company went nationwide with 1-800-Car-Loan in 1994. When the Web came along, sites such as this one came along, and over the years we've processed more than 3.8 million applications.
You can find us at 114 Virginia Street in Richmond (23219). You should know we're in good standing with the Better Business Bureau. You should know we protect your confidential information via secure, encrypted servers.
And you should feel safe in knowing it's okay to apply right now. Our service comes at no charge to you, and you are under no obligation to buy.
To qualify for an online car loan through us, you will need:
• to be a U.S. resident over 18 years of age.
• to have a gross monthly income of $1,600 (though some dealers are looking at higher minimums now that we're in a nationwide credit crunch).
• to not currently be in bankruptcy (though recently discharged bankruptcies are no problem).
• and to have not had a vehicle repossessed within the last 12 months.
Virginia Car Loans does not offer:
• title loans
• refinancing loans
• loans for sales between private individuals. (We can't finance a sale between you and your neighbor, for instance -- all vehicles must come through our dealer network).
If you're seeking a bad credit car loan be advised that you'll be better off if you have been at the same job and same address for two years. It's also a good idea -- if you want the best chance of loan approval -- to look at cars in the $7,000 to $12,000 range (as that's where banks are most comfortable when it comes to folks with a credit ding or two).
Here's a car loan payment calculator so you don't buy more than you can afford. Here's a link for credit rates matched to credit scores.
Here is a site that will let you apply either online or over the phone -- 1-800-Auto-Loan.
For car-bying advice related directly to women, there's one clear champion -- askpatty.com. It's a site by women, for women and dedicated to turning car dealerships into certified female-friendly operations. While we're on that subject, here's a auto loan site that understands women and bad credit.
We encourage all of our visitors to do as much research on affordable cars as possible. In terms of overall auto information, we suggest autos.msn.com, autos.yahoo.com, Cars.com or Edmunds.com.
For residents of these states, consider New York Auto Loan or California Auto Loan or New Jersey Car Loans. Canadian residents should consider this link.
And finally, since Virginia is for lovers, here's the official state tourism site. Better yet, here's the Wikipedia article on the greatest state slogan of all time.