Favorable Loans Specializes in Car Loans | About Us
Alongside classic car loans and loans for self-employed buyers, our car loans are ideal for people who may have a low credit score or no credit history.
Our Mission
Our mission is to provide car buyers with the best financing options and terms available. We understand that every car buyer has different needs, and we aim to meet those needs with our wide variety of car loan options.
We offer buyers:
- Loans for people with bad credit or no credit history
- Self-employed car loans
- No credit check loans
- Classic car loans
Our car loans are some of the most competitive in the market, and we work with a wide variety of lenders to get you the best rate possible.
Our History
01.
Favorable Loans was founded in 2010 with the goal of becoming the premier provider of car loans. We have since helped thousands of car buyers get the financing they need to purchase their dream car.
02.
The car loan industry is constantly changing, and we pride ourselves on staying ahead of the curve. We offer competitive rates and terms that are tailored to each individual car buyer’s needs.
03.
Our team is committed to providing the highest level of customer service and making the car buying process as easy and stress-free as possible. If you’re looking for a car loan, we’re here to help. Contact us today to get started.
What We Do
At Favorable Loans, we offer car loans to buyers with all types of credit histories. Whether you have good credit, bad credit, or no credit history, we can help you get the financing you need to purchase your dream car.
How We Do It
We work with a network of lenders that specialize in no credit check car loans, second chance car loans and specialist, vintage vehicle loans. They recognize our dedication to customer service and car buying experience.
This allows us to offer our car buyers some of the most competitive rates and terms available.
Car loans are unlike other loans with no collateral because the car serves as the security for the loan. The car is an asset that can be sold to repay the debt if you default on the loan.
This type of loan is often called a ‘secured loan,’ with the item being purchased acting as collateral or security which is ‘secured’ against the loan.
This type of car loan is often used by people with bad credit or no credit history because it offers them a chance to get a car loan with less favorable terms.
No Credit Check Car Loans
A no credit check car loan is a type of car loan that does not require a credit check to be approved.
This type of car loan is often used by people with bad credit or no credit history because it offers them a chance to get a car loan with less favorable terms.
No credit check car loans are typically more expensive than other types of car loans, but they may be the only option for some car buyers.
Second Chance Car Loans
A second chance car loan is a type of car loan that is designed for people
with bad credit or no credit history.
This type of car loan often has less favorable terms than other types of car loans, but it may be the only option for some car buyers.
Second chance car loans are typically more expensive than other types of car loans, but they may be the only option for some car buyers.
Classic Car Loans
A classic car loan is a type of car loan that is designed for people who want to purchase a classic car. Collectors who want to purchase a vintage automobile often have difficulty getting a loan from a traditional lender because the car is considered an asset that can appreciate in value.
Classic car loans are typically less expensive than other types of car loans, but they may have stricter terms and conditions. Investors may choose to get a classic car loan because it offers them the opportunity to purchase a car that has the potential to appreciate in value, therefore making the loan repayments easier.
Apply Now
If you’re wondering ‘how do car loans work?’ or looking for a car loan, we’re here to help. Contact us today to get started.
Our Customers Love Us
Our customers love us because we offer a simple and easy car loan process. We also have some of the most competitive rates and terms available.
“I’m a classic car investor and needed a large sum of money for a car I wanted to purchase without selling another vehicle. Favorableloan.com came through for me and their partner approved my loan in just a few hours.”
“I was car shopping for months and could never get approved. I found Favorable Loans online and got approved in minutes! I will never go anywhere else for my car loan needs.”
“I was so worried about my credit that I didn’t think I would ever be able to get a car loan. But Favorable Loans helped me get the financing I need to buy my car.”
Contact Information
We’re based across the USA and the best way to get in touch is to contact us using our contact form.
Contact Us Now For Favorable Loans
Every borrower has different circumstances and car loan requirements. At Favorable Loans, we have a wide variety of partners offering specialist car loans that suit different requirements. We also offer some of the most competitive rates and terms available.
Apply now and get pre-approved in minutes!