CAR LOAN QUESTIONS & ANSWERS

At Colorado Credit Approval we get a lot of questions about who can and who can’t get a loan or set up a lease. Here are some of the most common questions we hear:

Can I buy or lease a car with ITIN number?
Yes! We are proud to say that we work with such a large and diverse population. At the same time, we acknowledge that not having a social security number can scare off some lenders or make things a little bit more challenging when trying to get an auto loan or a lease. Our finance team has put in the time to learn which banks to work thith and how to best meet your needs and get you the financing that you need.

Can I get a car loan with a bad/low credit score?
Yes! There are a variety of reasons that someone might have a low or bad credit score. We work with each person to learn about them and their situation before we start the credit approval process. For example, someone that’s just starting out in life is a different scenario than someone that missed making credit card payments. We listen to, and work with, you to get you the best car loan rate possible.

Can I get a car loan after being divorced?
Yes! Getting a divorce can trigger some really big changes to your credit score, but in a lot of cases, they’re fairly short-term. In other cases, the effects are much longer lasting. Regardless of which situation you’re in, know that we’re here to help you get an auto loan that works for you.

I just went through bankruptcy and lost my car. Can I get a loan for a new one?
Yes! Similar to having bad credit, bankruptcy can happen for a variety of reasons. Financing a used car or leasing a new one will help you rebuild your credit rating quickly. It’s our job to find the right car loan from the right lender to help you get reliable transportation.