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Written by:Casey Newton

CarsDirect, headquartered in California, US, has been helping people obtain auto financing since 1998. While it is not a direct lender, this online marketplace aids clients when it comes to getting the best auto financing deals for all car types. A great thing about CarsDirect is that it can help you find suitable cars as well as stay within your budget and secure financing. Moreover, this is a good option for people with zero or bad credit history. Here is everything you need to know about CarsDirect and how it can help you secure auto financing.

CarsDirect at a Glance

Editorial Score 4.3

Online Experience 3.5

CarsDirect has a nice website but it lacks information on its rates and terms, among others.

Loan Types 4.5

CarsDirect offers new and used car loans, lease buyouts, and refinancing.

Eligibility 5

The eligibility requirements are not strict and people with zero or bad credit scores are also accepted.

Client Support 4

You can call CarsDirect or send them an e-mail in case you need support.

Repayment Flexibility 4.5

The repayment terms will vary depending on each individual lender but they are usually flexible.

Who is it suitable for?

CarsDirect is perfectly suitable for people with zero or bad credit history, a low credit score, and the desire to purchase a vehicle and obtain financing easily. Apart from this, this is a great marketplace if you want to be able to shop for vehicles, both new and used, in your area that will not go over your budget and get financing, all in one place.

Features

Apart from being an online marketplace meant to help people obtain auto financing easily thanks to its flexible eligibility requirements, CarsDirect also has a lot of other interesting features. For example, people can shop for vehicles in their area and base this search on how much they would be willing to pay for a loan. This way, the clients can make sure that they do not go over their established budget for a car, regardless if it’s a new or used one.

Moreover, according to the company, there are no fees to be paid if you want to use the platform as it is not a direct lender. Last but not least, in case you are interested in refinancing your loan, the platform can connect you with various lenders to make that possible for you in an advantageous manner.

Application Process

The application process on CarsDirect for obtaining financing for a new or used car is very straightforward and only takes a few minutes. It is also done fully online. This is what you will need to do:

·        Fill out the online application form that you will find on the website with your personal and vehicle details. Your employment and income details will also be requested;

·        Once that is done, a representative from CarsDirect will contact you within 24 hours;

·        You will be discussing different financing options that seem suitable for you;

·        Pick your desired loan and make sure to compare it with other offers to make sure that you’re getting the best deal possible;

·        It’s now time to pick a vehicle and the company recommends doing so through its network;

·        Your loan will be finalized and you will be able to drive your desired vehicle within 24 to 48 hours from your application.

Loan Types and Terms

As we have already mentioned, CarsDirect offers new and used car loans, lease buyouts, and refinancing to its clients. However, when it comes to the rates, terms, and other details belonging to those loans, they will depend on the individual lender of your choice. CarsDirect is only a marketplace that allows clients to pick from a wide range of offers and vehicles. This means that once you have done that, it’s time to deal with the specifics of your loan on your own and discuss those details with the chosen lender. The repayment terms for this type of financing are usually rather flexible. As for fees, while CarsDirect is a completely free service, you may have to pay some fees to the direct lender of your choice once you have picked a loan.

How Safe Is It?

While CarsDirect is definitely a legitimate and safe loan marketplace with numerous pages on review platforms, its overall reputation is not amazing. However, this should not fool you because there are a lot of positive reviews that praise this company’s level of safety and professionalism. It doesn’t have a Better Business Bureau page but CarsDirect promises to keep the data of its customers safe at all times and not sell it to potentially-harmful third parties. The website also uses industry-standard security protocols to protect the data of its visitors and clients.

Help & Support

CarsDirect offers a live chat option on its website when it comes to customer support, which is a very good thing. People can also contact the company via e-mail and phone which are both displayed on the website too. However, make sure that you only contact them from Monday to Friday during its working hours because support doesn’t seem to be available during weekends.

Summary

All in all, CarsDirect is worth giving a shot if you’re looking for auto financing and you don’t have a great credit history or score. Besides that, the platform also allows you to shop for vehicles directly and only pick those that are within your budget, which is truly great. It has a simple and fast application process, enough means to be contacted, and it offers a way for you to pick from various financing options and pick the best one possible.

Physical Address

909 N Pacific Coast Hwy, El Segundo, CA 90245