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First Choice Auto Loan Review

30 reviews

In a Nutshell

First Choice Auto Loan is an online loan marketplace that specifically caters to people trying to get an auto loan. It has a wide network of lenders available to work with every type of credit score including individuals with no credit history at all. This is a huge perk because it means that even bad credit holders can apply with reasonable hopes for success.

pros

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

cons

  • Not a direct lender, so no control over terms
  • No information given on the website

First Choice Auto Loans First Choice Auto Loans Visit Site

Partner at a Glance

Loan types
Auto loans, bad credit vehicle purchasing, lease buyout, refinancing
Loan amount
Up to $35,000
Repayment terms
24-72 months
APR
from 0.99%
Minimum credit score
none
Best for
Low or no credit applicants

Overview

First Choice Auto Loan has numerous benefits going for it including a fast, online application, easy approval criteria, and many lenders to work with, making it a good option for anyone in need of a new set of wheels. Check out what else First Choice Auto Loan has to offer you, what the downsides of this company are, and how it compares when put up against the competition.

The entire process is fast, and because First Choice Auto Loan works with so many lenders, your options abound. Of course, as it's not lending directly, First Choice Auto Loan doesn’t call the shots. So, your loan terms aren’t being dictated by this company, but rather by the lenders First Choice Auto Loan has partnered with. Additionally, there is no information about the actual company on the website, so if you’re looking for a tried and tested brand name, you might want to look somewhere else.

On the other hand, First Choice Auto Loan is extremely flexible with its qualifications, so if approval has been an issue for you in the past, this is the perfect address for you.

Best for?

  • People with bad credit
  • People with no credit
  • People who like things to move quickly and smoothly

Features

First Choice Auto Loan has two features that put it above the competition. Firstly, speed. You can get approved for an auto loan the same day, sometimes within minutes. From there, you can go to a dealership and drive away with the car you want just hours later. The whole thing is so fast, you might not even realize it’s done until you’re back home with a new car parked in your driveway.

The other benefit that makes First Choice Auto Loan really stand out is its flexible approval rating. Many lenders will not work with applicants who have poor credit scores or no credit history, but First Choice Auto Loan does. That means even if you’ve had trouble getting approval in the past from other lenders or traditional banks, you can apply to First Choice Auto Loan with confidence that you’ll find approval.

First Choice Auto Loan also has useful calculators that will let you calculate exactly how much your monthly payments will be based on how long you take out the loan for and your given APR. You can also calculate how much of a loan you can really afford to take out based on how much you can pay back each month.

Application Process

First Choice Auto Loan has a simple online application process, and what’s even better is how fast the whole thing works. You could get pre-approval as early as the same day, so you could be driving your new car in less than 48 hours. That’s fast. This is how First Choice Auto Loan breaks it down: 

  1. Fill out the online application form. It’s got some basic questions like your name, address, date of birth, and phone number. The application also asks you more detailed questions like 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, what is your monthly income, etc.). These are standard questions that any loan provider will want the answers to. All in all, this stage should take you about 2 minutes at most.
  2. Next, First Choice Auto Loan sends out your application form to the relevant lenders. This is an important step that saves you a lot of time trying to figure out which lenders will approve you for a loan. Instead of you sending the application to dozens of potential lenders, First Choice Auto Loan runs it through a massive network and pairs you with the most suitable options. You’ll likely receive approval within the same or next business day.
  3. Accept the loan conditions, and you are ready to purchase your car. Go to a dealer with your pre-approval from the lender or dealer you’ve been paired with, and drive home in your new ride.

The take away from this is speed. First Choice Auto Loan makes the entire process super fast, easy, and convenient, saving you days and even weeks of frustration. Big points for that.

Loan Types and Terms

Since First Choice Auto Loan is not a direct lender, it cannot guarantee any rates or the terms of your loan. The rates you receive will be determined by a variety of factors like your credit score, how much money you are asking to take out, and what type of vehicle you want to purchase.

What we can tell you is that First Choice Auto Loan generally works with a huge range of applicants and has flexible qualifications.

Repayment Options

As stated above, First Choice Auto Loan does not control the terms of the auto loan, so it will not be able to tell you exactly how long of a repayment plan you’ll be able to get either. Typically, you can expect repayment terms ranging from 24 to 72 months depending on your creditworthiness, income, and the car model you are looking 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 that it has partnered with to get you the auto loan you are looking for. 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 to ensure that everything remains private.

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 great social media presence, so you can get in touch via Facebook as well.

How First Choice Auto Loan Compares


First Choice Auto Loan
AutoPay
MyAutoLoans
APR
From 0.99%
From 1.99%-2.99%
3.34% - 17.99%
Minimum credit score
None
600
550
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 an option for financing. With a fast and easy online application form, you can have your approval in as little as one day. Bottom line, if you’re looking for fast, easy, and flexible, First Choice Auto Loan is a good choice.

Physical Address

1000 Woodville Rd, 

Toledo, OH, 

43605

Sarah Badani has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way.

First Choice Auto Loans customer reviews

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06 Jul 2020

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Top reviews

E***r, PA
8 months 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
5 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

J***D, IN
8 months ago

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

S****i, MI
9 months 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.

T*m, CA
7 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.

A*i, NJ
6 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

M*l, NY
5 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.

A**x, TX
6 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.

G**a, KY
9 months 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

A****a, IN
7 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.

L**s, GA
6 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.

J**n, NC
8 months 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.

V*****a, WA
5 months ago

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

S***a, NC
9 months ago

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

T****r, LA
7 months ago

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

T****r, TX
7 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

E***M, NY
8 months ago

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

C**e, VA
7 months ago

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

G****e, NY
9 months 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

J**e, ID
6 months ago

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

30 reviews