Auto Credit Express Auto Loan and Refinance Review (2021)



Auto Credit Express connects customers to a network of dealers and lenders to find new purchase auto loans, used car auto loans and refinance loans in the United States and Canada. This review takes a closer look at the details of the Auto Credit Express loan, the company’s application process, and customer reviews to help you decide if this broker is worth working with.

If you are looking for a low interest car loan, the only way to find the best rate is to compare the options of several companies. You can start receiving offers from different lenders by visiting

In this article:

About Crédit Auto Express

Based in Auburn Hills, Michigan, Auto Credit Express is an auto loan brokerage that has been around for over 20 years. As a broker, the company does not make loans directly, but rather matches clients with dealers or lenders based on the loans they are eligible for.

Using a broker can be one way to find the lowest rates, but it can include research costs. Here are some other pros and cons of choosing Auto Credit Express:

Auto Express Credit
Auto Express Credit
The inconvenients
A + rating and Better Business Bureau (BBB) ​​accreditation Mixed customer reviews online.
Offers financing for customers with bad credit or no credit
Match clients with loans based on credit profile
Offers special rates for military personnel

Auto Credit Express Loan Details

Auto Credit Express offers loans for the purchase or lease of vehicles, as well as refinancing of vehicle loans. As mentioned, the company is a broker, which means it doesn’t offer its own contracts, but rather connects its customers with car dealers and lenders.

The details of the contract, such as interest rates, vary depending on the company that is actually providing your loan. Generally, your interest rate depends on factors such as:

  • The type of vehicle you are financing
  • Your credit score and financial history
  • Your annual income
  • The payment terms you choose

If you have poor credit, or if a loan has been turned down in the past, you’re not out of luck. Auto Credit Express offers financing to clients without a strong financial history through what is called subprime loans. These loans usually have high interest rates, but they may be your only option depending on your situation.

To be approved for a subprime loan, it is recommended that drivers:

  • Have worked for six months at an eligible job
  • Earn $ 1,500 to $ 2,000 in pre-tax monthly income from a single source
  • Have three years of professional experience

Since Auto Credit Express works with a variety of dealers and lenders, it can help customers with bad credit or no credit secured loans. The company also offers discounts and special rates for military personnel.

Auto Credit Express offers a variety of loan products. Here is a summary :

  • Buy loans: Obtain financing from the network of dealers and lenders to purchase a vehicle (new or used).
  • Rental: Connect with dealerships to start auto leasing, whether you have good or bad credit.
  • Refinancing: Take out a new loan with better terms to pay off your existing car loan and save money. Auto Credit Express offers traditional and cash-out refinancing (where you use part of the loan for personal expenses).
  • Auto loans for bad credit: Connect with lenders and dealers specializing in bad credit auto loans in your area.
  • Bankruptcy Auto Loans: Some partners specialize in providing loans to people who have filed for Chapter 7 or Chapter 13 bankruptcy.

In addition to these, Auto Credit Express offers useful tools for people looking to buy or refinance their vehicles. These tools include:

  • Auto loan estimator: Enter your estimated credit score, monthly income, and monthly recurring debt to see how much you could be approved for.
  • Payment calculator: Enter the car price, APR, down payment, and loan term to see the loan amount and estimated monthly payment.
  • Other resources: Auto Credit Express works with partners to provide debt consolidation, insurance, used car guarantees, and more.

How Auto Credit Express Works

To get started with an Auto Credit Express loan, potential customers can call or apply online. When filling out a request, customers will need to provide:

  • Utility bill with name and address on it
  • Telephone bill
  • Contact details for six to eight personal references
  • Proof of income

The application process is relatively straightforward and only takes a few minutes. You will know if you are approved almost immediately after submitting your application.

After giving your information to Auto Credit Express, you will begin to hear from lenders and dealers in your area depending on the type of loan you want to get.

Auto Credit Express does not strictly monitor your credit report. However, the partners she contacts on your behalf can perform a hard check to make you a concrete offer.

So you should be prepared to get one or more credit checks on your report when you apply through Auto Credit Express. The good news is that multiple credit checks are grouped together in your report when they occur within 30 days of each other. So your score may be a success for the app, but it will only be worth one serious investigation.

After you have received multiple offers, you can compare the ones that work best for you and then go ahead with the perfect option.

Some new and used car dealers operate under a model called buy here, pay here (BHPH). You will know if you receive an offer from a BHPH dealership because the dealership that sells the car to you will be the same entity that funds the loan. Ideally, you should look for dealerships that work with separate lenders.

Buy here, pay here, dealers usually cater only to borrowers with poor credit. This means that the group of borrowers is statistically more likely to default and default on loans. So the BHPH dealer will charge everyone more to make up for their losses. Buy here, pay here, dealers often charge the maximum interest rate allowed in their states because of this.

How Your Credit Score Affects Auto Loan Rates

Although Auto Credit Express specializes in bad credit auto loans, it is always worth seeing if you can increase your score for a few months before getting your loan. You can also see if the lender you find authorizes a co-signer. It is also good to know how your score affects the amount you will pay back on the loan.

Below, you can see the Average Annual Rates (APRs) for auto loans based on your credit score. This data comes from Experian’s report on the state of the automotive finance market (Q2 2021).

Credit score Average APR for new cars Average APR for used cars
781 to 850 2.34% 3.66%
661 to 780 3.48% 5.49%
601 to 660 6.61% 10.49%
501 to 600 11.03% 17.11%
300 to 500 14.59% 20.58%

Note that your interest rate and APR are two separate numbers. The APR includes interest plus lender fees and other charges. The APR will be slightly higher, so keep that in mind if you are comparing an interest rate from one dealership to an APR from another.

Now let’s see how the APR affects what you would pay off in total. Below you can see how different APRs apply to the same 60 month loan of $ 10,000. It’s the same starting amount, but different APRs dramatically change the cost of the loan at the end.

Loan value and conditions Loan APR Total paid
$ 10,000 over 60 months 2.34% $ 10,606
$ 10,000 over 60 months 3.48% $ 10,910
$ 10,000 over 60 months 6.61% $ 11,771
$ 10,000 over 60 months 11.03% $ 13,054
$ 10,000 over 60 months 14.59% $ 14,145

Auto Credit Express Reviews and Reputation

Auto Credit Express is BBB accredited and has an A + rating. There have been very few customer complaints posted to BBB’s website in the past three years, but the company’s customer review score is only 1.2 out of 5.0 stars.

BBB customers complain that they have received too many marketing communications from the company after providing their email addresses. Some customers with bad credit said they were told they had been approved for a loan from a dealership, but were turned down when they showed up in person at the dealership.

Auto Credit Express has a much better customer score on Trustpilot: 4.6 out of 5.0 based on over 2,300 reviews. Satisfied customers were thrilled that they could get car loans despite bad credit. One customer wrote:

“I have a great car with bad credit. [I’m] very grateful for the referral to the dealer I purchased from.

– Lori Miller via Trustpilot

This review can tell more about the dealership offering the loan than Auto Credit Express, although it does demonstrate that its service to match drivers with the companies that provide the loans can be effective.

Our opinion on Auto Credit Express: 4.0 stars

Drivers with poor credit who are looking for a car loan may want to consider Auto Credit Express. Many customers report having been successfully matched with a car loan despite having a bad credit history.

Here is our take on Auto Credit Express:

Engine Rating 1 4.0
Loan details 3.5
Loan availability 4.5
Application process 3.5
Customer service 4.0

The Auto Credit Express application process is slightly more difficult than it can be with other auto loan providers, as people with low credit are encouraged to submit personal references in addition to the information typically requested. by lenders. However, this additional hurdle may be worth removing in order to find better loan deals.

Since Auto Credit Express itself does not offer loans, the quality of loans that customers receive using the service can vary widely depending on the actual loan provider. To start receiving offers from a number of different loan providers and compare rates, visit

FAQ: Auto Express Credit

Disclaimer: Our research team strives to keep this information accurate and up to date, but you will get the most recent information from financial institutions. Prices and conditions vary depending on the applicant and market conditions. We do not offer any guarantees for any loan products or services mentioned on the site, and we recommend that you carefully read the terms and conditions of a financial institution before making a decision regarding a loan product.


Leave A Reply

Your email address will not be published.