Drive Forward with Confidence
Whether you’re looking to finance a new or used vehicle or refinance your current auto loan for better terms, Alternatives is here to help. We recognize that the credit scoring system can be challenging for those with low incomes. Instead of focusing solely on credit scores, we work with you to create a path towards securing a loan that meets your needs.
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Why Choose Alternatives for Your Auto Loan?
As a Community Development Financial Institution (CDFI), we’re committed to helping people with low credit scores who may be targeted by dealerships and lenders that offer high-interest rates disguised as “low” monthly payments. We provide competitive rates, even if your credit score isn’t great, and we can often help you refinance high-interest auto loans to get better rates. Our goal is to support you on your path to financial success.
Vehicle Purchase – New or Used
Documentation needed for application
- Proof of Income (paystubs, social security benefits statement, disability)
- Identification (driver’s license, military ID, passport)
- Purchase offer from dealer or Bill of Sale from individual
- Copy of front of title from individual
- If a lien is showing on the title, we will need lien release or a 10-day payoff from the seller
- An Insurance binder from the borrowers insurance company listing Alternatives as the lien holder (contact your insurance company)
- Maximum deductible $1,000
Vehicle refinance from another financial institution.
Documentation needed for application
- Proof of Income (paystubs, social security benefits statement, disability)
- Identification (driver’s license, military ID, passport)
- 10-day payoff amount
- Copy of the title (we will need this before signing the loan documents)
- Insurance binder from the applicants insurance company listing Alternatives as a lien holder (contact your insurance company)
- Maximum deductible $1,000
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Need financing for your vehicle but are worried about your eligibility? We can help!
At Alternatives, we’re more than just lenders—we’re your partners in financial health. We’re here to help you navigate the auto loan process with transparency and respect, ensuring you feel supported every step of the way. Whether you’re buying your first car or looking to refinance, let us help you take the wheel with confidence.