Frequently asked questions:

Q: Does it cost me to apply for a loan?
A: No, it is absolutely free!

Q: Who should use 123 Approved?
A: Anyone who is in the process of buying a vehicle,regardless of your credit history. Good, Slow, No Credit, Bad credit, you can obtain a used or even a new vehicle of your choice.

Q: Will I be approved for a loan?
A: We have almost a 100% aspproval rate, as amnesty is given on previous credit.

Q: What is the procedure?
A: Simply complete our secure online application,or call us direct.Once the application is sent it will be handled in a timely manor. We will contact you in order to review your application, and explain the financing options. Please be sure to include all your contact numbers with your application. Once your loan is approved, all that is left is to pick out the Car, Truck, Van or S.U.V, that you want. The whole process can be done under 24 hours.

Q: Who will have access to my personal information?
A: See our Security and Privacy Policy.

Q: What model years can I purchase?
A: Vehicles between the years of 2015 to 2025 are the optimum choice of many banks. It's an excellent way to be assured of obtaining a vehicle that is certified and in excellent condition so that it will provide you with worry free ownership.

Q: Can I use my existing vehicle as a trade in even if it has an existing loan on it?
A: Absolutely!

Q: What if I owe more on my trade in than it is worth?
A: No problem, we are experts in negative equity.

Q: Do I need a cash down payment in order to get approved?
A: No, in most case we require little if any money down.