Why is an auto loan the best method to purchase a vehicle?
An auto loan finances the entire cost of the vehicle. So one can at once pay the auto dealer and get the vehicle under his possession. Nevertheless, borrower has to pay the auto loan through installments in a period of 5 to 25 years. Thus, borrower gets time utility through the auto loan.

How much amount can I qualify for under an auto loan?
The amount differs from lender to lender. In addition, it depends on the value of collateral that one is placing, the amount of up-front payment made, ones credit history etc.

What will be the rate of interest?
The rate of interest too depends on the lender, which completes the request of borrower. Then there are other factors such as whether there is collateral or not, what is the type of collateral, the amount of loan, the term of loan, credit history, etc.

My credit report reveals a CCJ. Am I eligible for an auto loan?
Yes, we have designed bad credit auto loan just for people like you. People with CCJs, IVAs, bankruptcy, etc. can easily secure competitive deals through a bad credit auto loan.

Can I apply for auto refinance?
Yes, Progressive Auto Loan believes in giving people a second opportunity by which to improve their loan terms. This will be through auto refinance.