FAQ – Appcore


That is the beautiful thing about AppCore! You can buy from any dealership or even a private party. If you’re unsure of where to purchase a vehicle, connect with us or start the application process and we’ll connect you with one of the many dealerships that we work with. Want to know how much you can afford? Fill out our application and we can get you pre-approved to go shopping. These are just some of the ways that AppCore is here to help you!

If you have good credit you may not need to provide anything other than your driver's license and proof of insurance. If you have never had credit before or have had some bumps in the road, the most common documentation requested is:

  • Driver's License
  • Proof of Full Coverage Insurance
  • 6 References (Not Living With You)
  • Utility Bill or Most Recent Bank Statement
  • Most Recent Pay Stub for All Jobs

When you have an auto loan, your vehicle must be covered under an active comprehensive and collision auto insurance policy naming the bank as "loss payee". You may obtain such insurance from your choice of any insurance agent permitted under law to sell such insurance in your state. Evidence of your insurance coverage is required at the time you sign your paperwork. Acceptable proof of insurance includes:

  • Copy of Insurance Card
  • Declaration of Coverage
  • Statement or Binder

We are able to offer flexible loan terms to meet your auto purchasing needs. We offer 12, 24, 36, 48, 60, 72 and 84 month terms.

Rates and terms are subject to many factors:

  • Credit Score
  • Debt
  • Debt to Income Ratios (DTI)
  • Collateral
  • Payment History
  • Mileage
  • Year of Vehicle
  • Equity Position

These are most, but not all of the criteria. To give you a proper set of terms, we need a full and accurate understanding of your financial situation. Quoting a rate without an application can do more harm than good.

Different credit bureaus will pull different scores. AppCore uses Equifax and Transunion to evaluate your application. However, our lenders may use another reporting agency and have their own process and criteria for evaluating your credit.

Your auto loan rate is based on your:

  • Credit history
  • Loan amount financed
  • Loan to value (LTV) on the vehicle

Credit scores range from 300-850. The higher your score is, the more likely you are to get a loan. If you have a low credit score and you do manage to get approved for credit then your interest rate will be much higher than someone who had a good credit score and borrowed money. Therefore, having a high credit score can save many thousands of dollars over the life of your auto loan.