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Regardless of where you live in the country, you probably need a car to get around. However, a lot of people can’t afford to spend a lot of money on buying a vehicle, which is where car loan lenders come into the picture.

Today, a lot of lenders are available in the market, and it can be overwhelming to choose the right one. Additionally, if your credit score is poor, then your choices are further limited.

Being an online referral service, CarsDirect aims to help you get started while you looking for a car loan. CarsDirect is especially helpful for people with bad credit, as well as those who are past bankruptcy or do not have any credit at all. The CarsDirect’s network consists of dealerships that offer in-house financing without running a credit check.

CarsDirect operates by exchanging its traffic to various dealerships for low fees, and the referred people get a better deal from the dealership. You won’t get the same rates and terms if you tried to get a loan from the local dealership by yourself. However, your options are limited to those dealerships that are within CarsDirect’s network.

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  • No hard credit check required
  • No application fees
  • Helps buyers with research


  • Incomplete information provided
  • Endless calls from lenders
  • Options limited to CarsDirect’s network


You need to watch out for certain thing while looking for options through CarsDirect. The information provided may be incomplete in some aspects. For instance, you can’t find the interest rates that you can expect from the lenders. CarsDirect makes its money by charging the lenders to be a part of its network. Therefore, you may not get the best deal out there, but just the best offer from CarsDirect’s network.
CarsDirect users consistently complain about the torrent of calls from various lenders offering deals, long after signing paperwork for a car purchase.


There are many benefits of getting a car loan from CarsDirect. The lenders don’t run a hard credit check while deciding your rates and terms. Instead, they look at your monthly expenses and debt-to-income ratio. You don’t have to pay any fee to apply at CarsDirect. Dealerships in CarsDirect’s network are quite flexible and offer better facilities than traditional lenders. If you are backed by good credit, you can negotiate for better terms. Moreover, this company allows you to cut your time on research to find a lender who offers decent deals on bad-credit car loans.

Other offerings

Car leasing is another facility offered by CarsDirect. Leasing helps a customer drive a car without the responsibility of actually owning it. This option attracts people as they get a new car every few years or so.

Terms and conditions

CarsDirect’s terms and conditions vary considerably on the basis of your income, credit score, and the amount of the loan. They are also responsible for the tenure of the auto loan.

Make sure that your state permits loans issued from CarsDirect, as the conditions for this vary from state to state. CarsDirect lets you pay your lenders directly. However, the decision and the disbursement time of the loan depends on the type of loan and term. The customer needs to be a citizen of the country and have a verified bank account to disburse the loan. It is also important to note that CarsDirect is only a platform that helps its customers find a suitable lender for their purchases. Hence, there might be terms and conditions related to the same.

Tools offered

CarsDirect gives you access to a Car Loan Calculator that allows you to check how much you can afford to spend on a specific car or truck. Select your credit rating, the term of your loan or lease, and the applicable sales tax for your city appears. Pressing “Calculate” will suggest the maximum amount you should spend on vehicles in both leasing and buying scenarios.

CarsDirect has partnered with Black Book, which provides reliable car value reports on the used car. The process to evaluate your car is easy, and you will receive the evaluation in minutes.

Credit score

CarsDirect can help you get a loan, but your credit score plays a significant role. A good credit score fills the lender with the confidence to invest more, and you get better loan options.
Even with bad credit or no credit, CarsDirect helps you get in touch with dealerships that offer in-house financing. If you don’t want to buy a car, then CarsDirect also helps you “borrow” one for an extended period with its car leasing program.
CarsDirect also helps you swap your old car for a new one under its refinancing program which offers better rates, fees, and terms. You can save a considerable amount of money by opting for the refinancing option, even if you have bad credit.

Applying for a loan

CarsDirect has a straightforward loan application process. Go to their website and fill in the required details like name, address, phone number, social security number employer information, and more.
Depending on the time and day you submit your application, you will receive a call from a CarsDirect representative in a couple of hours. They will offer some options that you can look over.

Based on your finances and credit score, the representative will work with local dealers to find a car that suits your needs and budget.
Either visit the dealer or have the car delivered to your home or office for a test drive. However, note that you may need to pay an additional fee for the test drive.
Once you are satisfied, sign the agreement and settle any upfront payment if needed.
CarsDirect claims that once people have submitted their application, they walk home with their desired car in 24 to 48 hours.