|New Dealer APR%:||5.39%|
|Used Dealer APR%:||6.29%|
|Private Party Loan APR%:||6.44%|
|Auto Refinancing APR%:||6.40%|
|Tools & Features:|
Up2Drive is a subsidiary body of the BMW Group offering finance and insurance for any type of cars, mini trucks and motorcycles. They also offer loans for both new and used cars.
When you visit their official website, you will be able to get an instant quote in less than a few minute. Simply enter the amount, choose your credit rating and the state that you are residing in.
Unlike other auto loans companies, you are not required to fill out a form that seems to take you forever. Unless you are enquiring for a loan, the form will be slightly longer but honestly, no loan application is easy.
As for the annual percentage rate (APR), depending on how good your credit is, Up2Drive can offer as low as 5.35%*. If you allow them to auto-debit your account every month using EasyPay, You can even enjoy a 5% discount on top of the APR that you’re paying.
For private party purchases, the used car can only be finance provided that they car is not being used for more than 5 years and a mileage less than 70,000 miles. On top of that, Up2Drive do not finance any vehicle leases or end of term leases.
Up2Drive is very strict in financing private party vehicle loans. It does not finance the purchases of salvaged and rebuilt vehicles, motorcycles, commercial vehicles, recreational vehicles, caravans, ATVs, boats, dirt bikes, taxis, limousines, freight liners, tow trucks, tractor trailers, armored vehicles, dump trucks, and kit cars that do not own a title issued or VIN.
In any common cases, car buyers will have to trade in their existing car for a new one. Up2Drive in this case helps the buyers to sell their cars as well with similar regulations. It does not facilitate vehicles mentioned above and those that are older than 5 years with mileage more than 70,000 miles.
But technically, Up2Drive is not a vehicles seller. What it basically does is to enter some basic information about your car and then put your car on sale; indicating the monthly installment for the particular car. The real deal comes when someone eligible for the purchase decided to buy off your car. Up2Drive then offers to finance the buyers and then you’ll be paid the full amount.
List of vehicles financed by Up2Drive
Up2Drive finances a wide range of brands and type of vehicles which includes popular brands like Alfa Romeo, BMW, Chevrolet, Chrysler, Dodge, Ferrari, Ford, Harley-Davidson, Honda, Jaguar, Jeep, Kawasaki, Land Rover, Lexus, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Peugeot, Pontiac, Porche, Rolls-Royce, Suzuki, Toyota, Volkswagen, Volvo and many more.
Up2Drive covers a pretty good list of vehicles that they finance and give auto loans to. For the best quote you should compare up to 3 different companies and rates. Start with a free quote from Up2Drive and see what they can offer you, its the only way to get start. Good luck and stay safe.