FAQ’s

General Information

What does it mean to refinance my vehicle?

When you refinance your vehicle our lending partner will pay off the auto loan you have with your current lender. Your loan will then be taken over by the new lender lowering your payment and/or rate. It is a relatively quick and easy process, and we try to do all the legwork for you.

Who is Alliance Direct Lending?

We specialize in helping consumers that have both good credit and too high of an interest rate on their current auto loan.

Why did I receive a notification?

If you received a notification in the mail it is likely that you have an interest rate that is extremely high in relation to your credit score.

The Approval process

Is there a fee to find out if I qualify to refinance my vehicle?

No. There is not a fee for calling in or filling out an online application and allowing us to provide you a rate quote for refinancing your vehicle.

How long will it take to find out what my new interest rate will be?

It generally takes about 24 hours for us to let you know the new rate.

How much money can I save by refinancing my auto loan?

The amount you save by refinancing can vary based on: the balance of your current auto loan, how much lower your new interest rate is compared to the old one, any changes in the loan term etc. Upon approval, you will receive customized information relevant to your loan situation.

Are there any prepayment penalties if I repay my new loan faster or pay it off?

There are no prepayment fees. You may pay off either a portion of your loan or the entire amount at any time without incurring any fees or penalties.