Exeter Finance Late Payment Grace Period: What You Need to Know

Subprime auto lenders, like Exeter Finance, require the same personal information from applicants as mainstream lenders such as banks and credit unions. If you have a low credit score, you may still be able to secure a car loan through Exeter or similar subprime lenders. To apply for financing with Exeter, you'll need to go through a dealership that works with the company.

One thing to note is that Exeter does not refinance current car loans. However, they do offer flexible loan terms that can extend up to 72 months (six years). This allows borrowers to spread out their payments over a longer period of time.

Exeter Finance offers both new and used car loans, but you must apply through an F&I department located within a franchised dealership that has a relationship with the company. You cannot apply for a loan directly through Exeter.

The interest rates and APRs offered by Exeter vary depending on your financial information and credit score. While some borrowers may qualify for low rates as low as 5%, others may be charged higher rates of up to 29%.

If you're considering applying for an auto loan with Exeter Finance, here are a few key points to keep in mind:

* Exeter is available in participating franchised dealerships across the United States.

* Loans are only available through F&I departments located within car dealerships that have a relationship with Exeter.

* The company offers new and used car loans to borrowers with credit scores as low as 575.

About Exeter Finance

Exeter Finance, based in Irving, Texas, is a 13-year-old company that specializes in offering subprime loans to credit-challenged customers. The company works directly with franchised dealerships, so the application process begins in the F&I office. If you're considering Exeter Finance for your auto loan needs, here's what you need to know: it may be a good option for subprime borrowers who are struggling to secure financing through other means.

Ultimately, whether or not Exeter Finance is right for you will depend on your individual financial situation and credit history. Be sure to carefully review the terms of any loan offer before signing and to ask questions if you're unsure about any aspect of the process.

Exeter finance late payment grace period