Premier Auto Financing is an online auto vehicle service that has a nationwide network of auto lenders. The company works with all types of credit and works hard to get you the lowest, most competitive rate available. Additionally, Premier Auto Financing states that it has a 98 percent approval rate and that you can be behind the wheel of your new ride the same day you apply. Financing is available in all 50 states.

Rank Chart
Loan Amount
New Car Term Length
Review

#1

$5k-$100k
24-84

#2

$1k-$100k
36-84

#3

$8,000
36-72

#20
Premier

Undisclosed
Undisclosed

The Good

  • Programs for all credit situations
  • Instant approval
  • Credit rebuilding
  • 100 percent no money down financing
  • Auto loan rate examples provided

Programs for All Credit Situations

Premier Auto Financing offers a number of different programs, including those for people with good credit, people with bad credit, people with no credit, people who have a past bankruptcy, people who have had a past repossession, and people who are currently students. The company states that it can approve 85 to 95 percent of loans that are typically denied by traditional lenders. No verification is needed and borrowers are not required to have proof of employment or a cosigner.

Instant Approval

Premier Auto Financing offers auto loan approvals in less than 30 minutes. After approval, you can have your money in less than 24 hours, guaranteed. You have the option of receiving your money through direct deposit or by check.

Credit Rebuilding

Premier Auto Financing will help you rebuild your credit because it reports account activity to all three major credit reporting agencies every month, which is one of the best ways to raise credit quickly. No other bad credit auto loan providers offer this service.

100 Percent No Money Down Financing

With Premier Auto Financing, you won’t be required to put any money down because the company offers 100 percent financing for all makes and models of new and used cars.

Auto Loan Rate Examples Provided

Many auto loan companies aren’t very transparent when it comes to auto loan rates. However, Premier Auto Financing has examples clearly posted on its website so you will have an idea about what to expect. Rates are based on several factors, including credit, type of vehicle, down payment, loan length, and whether or not you have a cosigner.

The Bad

  • Not everyone will be approved
  • Refinancing fees

Not Everyone Will Be Approved

Unfortunately, Premier Auto Financing doesn’t offer guaranteed loan approval. However, the company does state that it has a 98 percent approval rate.

Refinancing Fees

Premier Auto Financing offers refinancing, which can be beneficial in some situations. However, if you choose to refinance, you will incur standard transfer of lien holder fees and state re-registration fees. These fees typically run anywhere from $5 to $75.

The Bottom Line

Premier Auto Financing appears to have a lot going for it. The company offers a wide variety of credit programs to accommodate just about any credit situation. Additionally, Premier Auto Financing offers instant credit approval and reports all account activity to all three credit bureaus to help improve your credit rating. The company provides 100 percent financing and doesn’t require any money down or a co-signer. And, unlike many other auto loan companies, Premier Auto Financing lists some great rate examples on its website to give you a better understanding about what you can expect.

While there are many positives about Premier Auto Financing, there are a few negatives to keep in mind. The company does not offer an approval guarantee and charges refinancing fees.

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