401 Auto Financing Review – Is 401 Auto Financing Legit?

Do you want a new ride, or want to refinance the one you are currently driving? Well, a car financing option is the best way to go about it. Speaking of which, opting for the 401 Auto Financing can be a good way to get approved and drive away with competitive rates and flexible terms on a new car.  In the course of this article, we will be looking at a complete review of the 401 Auto Financing company. This article will look at how legit they are, or whether they are a scam. Without further mouthing, let us delve in.

How To Finance Your Car With Auto 401 Auto Financing

401 Auto Financing is a company that offers options to finance your car from the comfort of your home. There are options to opt for a truck, a car, a minivan, or an SUV. What is interesting is that their rates start at 0%. With 401 Auto Financing, you do not need to worry about your credit score, as that is the first thing most Car financing companies look at.
They offer a fast, easy, and reliable online application that gets you the lowest rate on your car loan. In your application for the 401 Auto Finance car loan, they will need some personal details from you. Some of which include; your residential address information, your employment data, and other documents that will serve as your proof of income.
The application procedure for a car loan from 401 Auto Finance is a simple 30-second form. This online form will be used to receive your personal information. After filling out the online form, you will then get a call from their staff as to whether any other information is required from you.
After you are done with your application, you will a car that is drivable within 24 hours of applying from 401 Auto Financing. It is important to note that during weekend days, the wait might be longer. The 401 Auto financing car rental option is available to Canadian customers as stated on their website.
If you have a low credit score, and you get a vehicle financed by 401 Auto Finance, it can help boost your credit score. Although your credit score does not determine approval by 401 Auto Financing, the loan amount is very much dependent on it. Their car financing ranges under 50k depending on your credit score.

What Repayment To 401 Auto Financing Looks Like?

On the 401 Auto Finance website, there is a loan calculator, that allows you to calculate how much you can borrow, and how long you can payback. An example used on their site is the loan amount of $10,000. If this auto loan of $10,000 is taken, it will take 36 months for you to pay it back. Also with the $10,000 auto loan, you can use a bi-weekly payments option to pay $185.56 till you finish paying.
Also worth noting is that at the point of applying for a vehicle or a cash loan for a car, you don’t need to make any down payment.

The Kind Of Vehicles That Can Be Leased By 401 Auto Financing

On the official website of 401 Auto financing, they claim that they have car dealers with over a thousand cars in their inventory. They also assert that due to the high volume of deals they get on a monthly basis, their selection is always changing. Among the cars they offer are minivans, cars, trucks, and SUVs.

Is 401 Auto Financing Legit?

The short answer is yes! They are a legit car lending company that is based in Canada. The most interesting perk about 401 Auto Financing is the fact that they give you a chance to try out their car lending service no matter what your credit score is. Although, the offer you get from them depends entirely on your score. The better your credit score the better the car loan offer you get from 401 Auto Financing.
Also, the fact that they have positive reviews from a trustworthy blog such as Indeed.com implies that they can be trusted. On that note, 401 Auto Financing is not a scam lending company. Their services are large, with the only downside being that it is not available to persons who are based outside of Canada for now.

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