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$30,000
Max. Loan Amount
Starting at 3.99%
APR
| Product Name | BlueSky Auto Finance car loans |
|---|---|
| Max. Loan Amount | $30,000 |
| APR | Starting at 3.99% |
| Interest Rate Type | Variable |
To apply for a vehicle loan with BlueSky Auto Financing, you’ll need to meet a few requirements:
If you’re refinancing a loan, your car isn’t older than eight years and your remaining balance is at least $8,000.
BlueSky Auto Finance is a broker that connects you with dealers offer financing for all types of credit scores. In other words, it doesn’t directly give you money. Instead, it puts you in touch with dealerships that include in-house financing.
In-house financing can be both good and bad. On the plus side, dealerships typically don’t run credit checks and have more room for negotiation than other lenders will. But you could still end up with high rates and contracts containing hidden conditions and fees.
BlueSky Auto Finance offers the bare basics of bad-credit and no-credit auto loans directly from dealerships. These include:
You can also apply for a personal loan through BlueSky Auto Finance, which you can potentially use to purchase a car. Borrowers can also use their car loans to purchase a truck.
Rates start at 3.99% on BlueSky car loans. However, what rate you get depends on factors like your income, how much you’re borrowing and your loan term. No-credit check loans tend to come with even higher rates, since they often assume borrowers have bad credit.
BlueSky Auto Finance doesn’t have much of presence as of July 2019. It has no customer reviews on its Better Business Bureau page (BBB), though four customers have filed complaints against the company. Almost all complaints were over spam email, even from people who’ve never used BlueSky Auto Finance. It has not page on Trustpilot
Generally yes. It’s accredited with the Better Business Bureau (BBB) and gets an A+ rating based on factors like transparency and time in business. It’s been around for 15 years too — a long time for an online connection service.
Its website is encrypted, so any information you enter online is protected — though there’s no way to absolutely guarantee the safety of any data you enter online.
Before you apply, make sure meet BlueSky Auto Finance’s credit requirements — no point in wasting your time on a loan you can’t get.
Go through your finances to figure out exactly how much you can afford, considering monthly payments, any down payment and your total loan cost. Don’t forget to include the insurance, maintenance and other costs that come with buying and maintaining a car.
Here’s how to apply with BlueSky Auto Finance online:
Each dealer has its own document requirements.
Common documents you might be asked to provide include:
To refinance an existing car loan, have the following documents on hand:
If it’s an option, set up autopay with your dealer to avoid accidentally missing repayments. If autopay isn’t an option, set an alarm to remind you a few days before your repayments are due to avoid late fees.
When paying back a loan, alert your dealer as soon as possible if you have any setbacks. It may be willing to renegotiate your terms to make your payments more affordable. Reach out to customer service at any time by calling 800-258-3759.
BlueSky Auto Finance offers educational resources for poor- and no-credit borrowers, if nothing else. Its lending options are typical of similar online matching services — although its network appears to be on the small side and its loan types limited.
Before you apply with BlueSky, compare as many auto financing options as you can to find a lender that best meets your needs and budget.
