Exeter Finance Auto Loan 🚗 Looking for a car loan but have bad credit? Exeter Finance might be your best option. Important facts to consider before moving forward with your application.
What You’ll Learn in This Guide:
- ✅Loan details (amount, interest rate, tenure)
- ✅Company profile
- ✅Step-by-step application process
- ✅Loan Calculation
- ✅ 5Benefits & Drawbacks of Exeter Finance Auto Loan
Exeter Finance Auto Loan 💸 Details
Here’s a snapshot of what Exeter offers in 2025:
| Feature | Details |
|---|---|
| Loan Amount | $5,000 – $35,000 |
| Loan Type | New & Used Car Loans |
| Interest Rate (APR) | 8.99% – 29.99% |
| Loan Terms | 36 – 72 months |
| Credit Score Range | 500 – 650 |
| Down Payment | Usually Required (5%–20%) |
| How to Apply | Through partner dealerships only |
⚠ Note: Interest rates and approval terms vary based on credit history, income, vehicle type, and dealership.
What is Exeter Finance?
Exeter Finance LLC is a U.S.-based auto finance company that specializes in subprime lending, helping individuals with poor or limited credit histories buy cars.
- Founded: 2006
- Headquarters: Irving, Texas
- Focus: Auto loans for borrowers with credit scores as low as 500
- Loan Type: Indirect auto loans (through dealerships)
- Reach: Works with over 11,000 dealerships nationwide
Exeter works only through auto dealerships, meaning you can’t apply for a loan directly through their website.
How to Apply📝for an Exeter Finance Loan (Step-by-Step)
Step 1: Find a Dealership
Search for an Exeter-partnered dealership near you. Most major dealerships include Exeter in their loan options
Step 2: Select a Vehicle
Pick a new or used car within your budget and ensure it qualifies for Exeter finance auto loan.
Step 3: Submit Required Documents
You’ll need:
- Valid driver’s license
- Proof of income (pay stubs/tax returns)
- Proof of residence (utility bill or lease)
- Social Security Number
Step 4: Get Pre-Approval
The dealership submits your info. In many cases, you’ll get approval within minutes.
Step 5: Sign and Drive
Review all loan details:
- APR
- Monthly installment
- Total repayment amount
- Duration
Sign the contract and take delivery of your vehicle.
Sample Loan Calculation
Let’s say your Exeter Finance Auto Loan is $15,000 at 20% APR for 60 months:
- Monthly Payment: ~$397
- Total Paid: ~$23,820
- Total Interest: ~$8,820
👉 That’s a big cost difference — always look for the lowest APR available!
Best 5 Benefits of Choosing Exeter Finance Auto Loan✅
1. Helps People with Bad Credit
Are you looking Exeter Finance Auto Loan and If your credit score is below 600, Exeter still gives you a chance. They’re one of the few lenders offering realistic approvals for subprime borrowers.
2. Fast Loan Approval
Using smart technology, Exeter can approve loans within minutes at the dealership.
3. Wide Dealership Network
With over 11,000 dealerships nationwide, it’s easy to find an Exeter-approved car dealer near you.
4. Online Loan Management
Exeter’s MyAccount portal allows customers to:
- Make payments
- Download statements
- Monitor loan progress
5. Flexible Repayment Options
Terms from 3 to 6 years give borrowers more control over monthly payments and loan length.
Drawbacks of Exeter Finance Auto Loan❌
1. High APR
Due to the risk of lending to subprime borrowers, Exeter’s interest rates can be over 20%, leading to high total repayment costs.
2. No Direct Application
You must apply through a dealership — Exeter doesn’t accept direct online applications.
3. Vehicle Restrictions
You can’t use Exeter loans for private sellers or car marketplaces like Carvana or Facebook Marketplace.
4. Strict Payment Terms
Missed or late payments may result in penalties or repossession. Exeter is serious about on-time payment enforcement.
📌Tips Before Applying
To apply before for Exeter Finance Auto Loan read on priority basis
- ✅ Start by checking your credit score online—sites like Credit Karma and Experian offer free access.
- ✅ Compare Exeter rates with other lenders like Santander, Capital One Auto.
- ✅ Avoid 72-month loans if possible — they lead to higher total interest.
- ✅ Read the fine print on fees, penalties, and prepayment terms.
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