Where can I buy my vehicle from?

That is the beautiful thing about AppCore!  You can buy from any dealership or even a private party.  If your unsure of where to purchase a vehicle, AppCore works with over one hundred dealerships all across Minnesota, Wisconsin and the Dakotas.  Use our dealer locator to find a dealer near you or the dealer with the car you want.  We can get you pre-approved.  It's just one more way AppCore is here to help you!

What kind of documentation will I need?

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

Do I need auto insurance?

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

What types of loan terms are available?

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.  

Why can't I get a quick quote of my rate without applying?

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.

Why is your credit score lower than what I show?

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

How is the interest rate on my loan determined?

Your auto loan rate is based on your:

  • Credit history

  • Loan amount financed

  • Loan to value (LTV) on the vehicle

How does my credit score affect my interest rate?

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.