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Routing #: 221381867

Auto Loans

Drive Forward with Confidence

Whether you’re looking to finance a new or used vehicle or refinance your current auto loan for better terms, Alternatives is here to help. We recognize that the credit scoring system can be challenging for those with low incomes. Instead of focusing solely on credit scores, we work with you to create a path towards securing a loan that meets your needs.

Why Choose Alternatives for Your Auto Loan?

As a Community Development Financial Institution (CDFI), we’re committed to helping people with low credit scores who may be targeted by dealerships and lenders that offer high-interest rates disguised as “low” monthly payments. We provide competitive rates, even if your credit score isn’t great, and we can often help you refinance high-interest auto loans to get better rates. Our goal is to support you on your path to financial success.

Vehicle Purchase – New or Used

Documentation needed for application

  • Proof of Income (paystubs, social security benefits statement, disability)
  • Identification (driver’s license, military ID, passport)
  • Purchase offer from dealer or Bill of Sale from individual
  • Copy of front of title from individual
  • If a lien is showing on the title, we will need lien release or a 10-day payoff from the seller
  • An Insurance binder from the borrowers insurance company listing Alternatives as the lien holder (contact your insurance company)
    • Maximum deductible $1,000

Vehicle refinance from another financial institution. 

Documentation needed for application

  • Proof of Income (paystubs, social security benefits statement, disability)
  • Identification (driver’s license, military ID, passport)
  • 10-day payoff amount
  • Copy of the title (we will need this before signing the loan documents)
  • Insurance binder from the applicants insurance company listing Alternatives as a lien holder (contact your insurance company)
    • Maximum deductible $1,000

Calculators

Get Loan-Ready

Need financing for your vehicle but are worried about your eligibility? We can help!

At Alternatives, we’re more than just lenders—we’re your partners in financial health. We’re here to help you navigate the auto loan process with transparency and respect, ensuring you feel supported every step of the way. Whether you’re buying your first car or looking to refinance, let us help you take the wheel with confidence.

Support Our Mission!

Unlike traditional banks, we specialize in lending to individuals, organizations, and businesses in under-resourced communities, offering financial education, business coaching, and low-interest rate loans that increase economic potential and help build wealth.

Join Us!

Speak with a Financial Coach

No need to figure it out yourself, coaches can provide help with money management, paying bills, building credit and housing issues. Speak with a financial coach through our non-profit partner, Balance.

Schedule an Appointment