ProsperCredit Financing

Auto Loans

Auto loans help you purchase new or used vehicles with competitive interest rates and flexible terms. The vehicle serves as collateral, often resulting in lower rates than unsecured loans.

Minimum Credit Score

600

Maximum Loan Amount

$150K

Typical Funding Timeline

Pre-approval within 24 hours, funding within 2-5 business days after approval

Key Benefits

Competitive rates for new and used vehicles

Flexible loan terms (24-84 months)

Quick pre-approval process

Direct lender relationships

Fixed interest rates for payment certainty

No prepayment penalties on most loans

Qualifications

  • Minimum credit score of 600+
  • Stable income or employment
  • Valid driver's license
  • Minimum age 18+ (21+ for some lenders)
  • Active insurance available
  • Valid ID and proof of residency

Funding Amounts

Minimum

$5,000

Typical Range

$15,000 - $50,000

Maximum

$150,000

Frequently Asked Questions

Can I get financed for a used vehicle?

Yes, used vehicles can typically be financed up to 10 years old. Rates may be slightly higher than new vehicle rates.

What is the typical interest rate?

Auto loan rates depend on your credit score, vehicle age, and loan term. Rates typically range from 3% to 10%+

Can I refinance an existing auto loan?

Yes, auto loan refinancing can help you get a lower rate, reduce your payment, or change your loan term.

What do I need to apply?

You'll need proof of income, valid ID, driver's license, and vehicle information (VIN or details about the vehicle you're interested in).

Can I trade in my current vehicle?

Yes, trade-in value is typically applied to reduce your loan amount. Many dealers handle this during the financing process.

Ready to Get Started?

Apply for Auto Loans today and get connected with our lending partners.

Apply Now