First Choice Auto Loan Review

Caroline Banton

In a Nutshell

First Choice Auto Loan is an online loan marketplace that specifically caters to individuals seeking auto loans. The platform has an extensive network of lenders who will work with individuals regardless of their credit history, giving them a greater likelihood of qualifying for financing.

pros

  • Fast approval (typically within 48 hours, sometimes less)
  • Pre-approval
  • Online application

cons

  • Not a direct lender, so no control over terms
  • Minimal information is provided on the website

First Choice Auto Loans First Choice Auto Loans Visit Site

First Choice Auto Loan Overview

First Choice Auto Loan has numerous benefits including a fast, online application, easy approval criteria, and a sizable lender network. The platform is an excellent option for anyone in need of a new set of wheels. 

The First Choice Auto Loan application process is fast, and because First Choice Auto Loan works with so many lenders, options abound. First Choice Auto Loan is not a direct lender and does not dictate loan terms. These are under the purview of the lenders in the First Choice Auto Loan network. Additionally, there is no information about the lender network on the website, so if you’re looking for a tried and tested brand name, you might want to look elsewhere.

On the other hand, First Choice Auto Loan is extremely flexible regarding borrower qualifications and is an excellent choice for those who have struggled to be approved in the past. 

Best for?

  • People with bad credit
  • People with no credit
  • People who seek a rapid and smooth application process

First Choice Auto Loan Features

First Choice Auto Loan has two features that differentiate it from the competition. The first is speed. You can be approved for an auto loan the same day, sometimes within minutes. You could even have a new car parked in your driveway on the same day.

The second feature is a flexible approval rating. Many lenders will not work with applicants who have poor credit scores or no credit history. With First Choice Auto Loan, if you have been refused financing from other lenders or traditional banks, you can be confident that you’ll receive financing here.

First Choice Auto Loan provides a useful calculator showing how much your monthly payments will be based on the length of the loan and the APR. You can also calculate how much you should borrow based on the monthly payment that you can afford.

Application Process

First Choice Auto Loan has a brief and straightforward online application process. You can receive pre-approval within the same day, and you could be driving your new car in less than 48 hours. Here are the application steps for a First Choice Auto Loan: 

  1. Complete the online application form. It asks for some basic information such as your name, address, date of birth, and phone number. The application requests your Social Security number, residential status (do you own a home, do you have a monthly mortgage, etc.), employment status (are you currently employed, by whom, your monthly income). These are standard questions that any loan provider will ask. The application should take two minutes at most.
  2. Next, First Choice Auto Loan sends your application form to lenders. This step saves you the effort of identifying those lenders that will approve you for a loan. First Choice Auto Loan scours its massive network and pairs you with the most suitable lenders. You should receive approval within the same or next business day.
  3. Once you accept the loan conditions, you are ready to visit a dealer with your pre-approval from the lender or dealer you’ve been paired with and drive home your new ride.

First Choice Auto Loan’s entire process is super-fast, super-easy, and super-convenient. The platform can spare you days of frustration. 

Loan Types and Terms

Since First Choice Auto Loan is not a direct lender, it cannot guarantee your loan rates or terms. The rates you receive are determined by a variety of factors such as your credit score, how much money you require, and what type of vehicle you want to purchase.

First Choice Auto Loans generally works with a huge range of applicants and has flexible requirements.

Repayment Options

First Choice Auto Loan does not control the loan terms or the exact length of the repayment plan you qualify for. Typically, repayment terms will depend on your creditworthiness, income, and the car model you want to buy.

How Safe Is It?

First Choice Auto Loan uses 256-bit encryption across the entire site, so your information is always safe. Additionally, First Choice Auto Loan only shares your information with the trusted lenders you are partnered with. Finally, all data is stored on secure servers with firewalls, token authentication, monitoring technology, adaptive analysis of network traffic, and other industry-standard security protocols.

First Choice Auto Loans First Choice Auto Loans Visit Site

Help & Support

You can reach support via telephone. Also, First Choice Auto Loan has a social media presence and can be reached via Facebook.

How First Choice Auto Loan Compares


First Choice Auto Loan
AutoPay
MyAutoLoans
APR
From 
0.99%
As low as 1.99%
From 1.79% (for auto refinancing)
Minimum credit score
None
None
575
Loan amounts
Up to $35,000
Up to $100,000
Up to $120,000
Loan term
24-72 months
24-84 months
24 to 72 months
Best for
Bad or no credit applicants
People who want competitive rates
Applicants who want to compare options

Summary

First Choice Auto Loan offers bad credit and no credit borrowers financing options. With a quick and easy online application form, you can be approved for a loan in as little as one day. Bottom line, if you’re looking for fast, easy, and flexible financing, First Choice Auto Loan is an excellent choice.

Physical Address

1000 Woodville Rd, 

Toledo, OH, 

43605

Caroline Banton is a freelance writer of business and finance articles that have been featured in The Huffington Post, The Motley Fool, Time, MSN, PYMNTS.com, GOBankingrates.com, SaleMove, and MyBankTracker.com. Before becoming a writer, Caroline had over fourteen years of experience working at the World Bank. Caroline has an MBA from Johns Hopkins University.

First Choice Auto Loans customer reviews

Based on 30 reviews

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Top Reviews

Ember, PA
a year ago

Ease of use

Brand satisfaction

Value for money

Service quality

The loans are all the same. The overall feel was pleasing. The service was good but the transactions are too long

H, NJ
8 months ago

They are very patient and listen to what I have to say, like if I have trouble making loans they always help me in less than 30 mins

JD, IN
a year ago

I like how easy it was to get approved for the loan even though my credit could have been a little better

Sherri, MI
a year ago

I've never had any problems with them. When I forgot to pay they called the next day to make sure everything was okay and if I needed anything.

Tom, CA
10 months ago

First Choice Auto Loan offers quick access to auto financing from hundreds of dealerships and auto lenders through their online application form. The website allows consumers to locate an auto loan which meets their needs and budget with no obligation or fees applied. First Choice Auto Loans also lets consumers obtain financing for new or used vehicle regardless of their credit history.

Ali, NJ
9 months ago

I have bad credit so my interest rates are high. I wasn't able to get approved for many loans and they did approve me. Just at high rates

Mel, NY
8 months ago

I think they give no leeway for a late payment. People have lives and they give no consideration. Also they seem to be mote for themselves.

Alex, TX
8 months ago

When I bought first choose auto loans it gave me much enjoyment and experience. I got the most out of my money for the car. The last time I had to buy a car, however, it was much more glitchy and didn't work as well.

Gena, KY
a year ago

It was very easy not a hassle wonderful customer service. also the car lot suggested that I use them and the rate wasn't bad

Amelia, IN
10 months ago

I felt like the customer service could be been more polite and intuitive especially when you are needing to discuss a new plan.

Lois, GA
9 months ago

Overall, it's great. I had a bad experience once with a rep but his supervisor helped me out. Got the car and loan I was looking for.

John, NC
a year ago

Because there are a business that's truthful and honest when it comes to your loan. They takes care of their people and I was able to get a car with their service.

Viviana, WA
7 months ago

First choice auto loans have many plans for every people and every situation. It is a good company in we can trust.

Shara, NC
a year ago

weren't amazing but good enough for what I needed at the moment; service was awful with long hold times. got my loan

Taylor, LA
10 months ago

They are incredibly helpful and easy to deal with. I like the availability and ease of use.

Trevor, TX
10 months ago

Low interest rate for my credit score . I liked the rate but didn't like the vehicle and sort of regret having bought it

EM, NY
a year ago

They did their best to help with whatever you needed. Any questions you had they would find an answer

Cate, VA
9 months ago

The quality service provided. Met my needs and expectations. Easy to deal with and easy to acquire loan

George, NY
a year ago

I like how the brand gives you complex and different choices to select from when it comes to insurance the price is reasonable and their customers and workers there are very friendly

June, ID
9 months ago

They are easy to use and have great customer service. qualifying for my loan was easy and quick

30 reviews