Autno Financing - Frequently Asked Questions


How much car loan will I be approved for?

There are a variety of factors that will determine how much car loan you can be approved for. These include the price and type of vehicle you choose, your credit history and how much you make (income). We'll be able to help you determine how much you'll need and how much you'll be able to receive.

Do I have to put a lot of money down?

Sometimes when you're approved for a loan and you've already received your trade-in value on your old car, there is still some money that remains. If that's the case, then yes, you may be required to put cash down in order to make your final vehicle purchase.

What should I bring with me when I'm visiting a car dealership?

We want to make your meeting with our finance team as convenient as possible for you. In order to get you through the door as fast as possible and into your dream car, we recommend you bring any documents you've been asked for by our dealership staff with you. Contact our Credit Factory staff to learn what you might be asked to bring with you before you visit our dealership.

How long does it take to get approved?

It usually doesn't take long at all! You won't have to wait around for days and wonder about approval. Our team will let you know as soon as we hear word back that you've been approved for your car loan.

Will my credit score be affected when I apply for vehicle financing?

Credit bureaus are able to detect when you're shopping for the best auto loan rates vs. applying for a bunch of different credit accounts in a very short time period, which can be a sign of a higher credit risk. In most cases, if a few credit inquiries are submitted at the same time it will have little-to-no impact on your credit score, depending on your credit history. If you want to know if your credit score will be affected, call our dealership today and we'll guide you through the process.

What if I have bad credit?

No worries! Don't be intimidated if you have less than stellar credit. We have car loans for people with bad credit history. Because we've been in business so long, we've had the opportunity to work with a number of Columbus Ohio financial institutions to ensure we have the ability to find car financing for everyone, no matter what your credit history looks like.

If I'm approved for a car loan or other vehicle financing, how long do I have to buy the car?

This usually depends on the lending institution and the specific dealership you're purchasing from. Contact our team if you'd like to know more about this question.

How can I check my application status? How long until I'm approved?

Our team will respond promptly about your car loan application status. If you've applied online, you can receive word back about your vehicle financing in just minutes. If you can't wait that long, we welcome you to call us at 888-695-1052.

How do I know if you've received my auto loan application?

If you're applying online, you'll receive an email confirmation that we've received your auto financing loan application. We'll also reach out to you if we have any questions about your information or if we need anything additional from you. It's as easy as that.

What if I've never bought a vehicle before?

We specialize in car loans for first-time buyers and even college students who are ready to purchase a new or used car from our Columbus Ohio dealerships. We frequently serve buyers who have never made a car purchase before, and you'll discover it's not only easy, but fun to do as well.

Can you finance a used car?

Absolutely! No matter what your vehicle choice is, the Ricart Credit Factory Team can help you get approved for auto financing on new, used and even certified vehicles, too! We also have a huge supply of used cars to choose from.

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