Frequently Asked Questions

Lending Drive USA is a direct auto loan lender based in Sherman Oaks, California. We fund auto loans ourselves — no brokers, no middlemen, no dealer financing desks. Because we lend directly, we can offer more competitive rates and a faster, more transparent experience than traditional dealership financing.

Yes. Lending Drive USA is a licensed direct auto lender operating in compliance with applicable federal and state lending regulations. Our loans are underwritten, funded, and serviced by us directly. You can contact us at 818-946-1092 or support@lendingdriveusa.com for any licensing questions.

We currently lend to borrowers in most US states. Availability may vary by state due to licensing requirements. Contact our team at 818-946-1092 to confirm availability in your specific state before applying.

Our rates depend on your credit profile, loan type, and term:

• New Car Loans: Starting at 4.9% APR (excellent credit)
• Used Car Loans: Starting at 6.9% APR
• EV & Hybrid Loans: Starting at 3.9% APR (including 0.5% green discount)

Actual rates range from 4.9% to 24.9% APR depending on creditworthiness, vehicle age, loan amount, and term length. Use our Loan Calculator to estimate your payment.

• New Car Loans: $5,000 – $100,000 · 24 to 84 months
• Used Car Loans: $3,000 – $75,000 · 24 to 72 months
• EV & Hybrid Loans: $10,000 – $120,000 · 24 to 84 months

Minimum loan amounts and maximum terms may vary based on your credit profile and the vehicle being financed.

No origination fees. No application fees. No prepayment penalties. You can pay off your loan early at any time without any additional charges — saving you interest in the process. The rate you see in your offer is the rate you pay, with no surprise fees.

We work with borrowers across a range of credit profiles. Our minimum credit score is 580 for most loan types. Borrowers with scores below 620 may need a larger down payment or a co-borrower. Scores of 720 or higher will typically qualify for our best rates. We never penalize you for checking your rate — our initial review uses a soft credit pull only.

To process your application, we typically require:

• Valid US government-issued ID (driver's license or passport)
• Social Security Number
• Proof of income (recent pay stubs, bank statements, or tax returns)
• Proof of residence (utility bill or lease agreement)
• Vehicle information (for used car or refi applications: make, model, year, VIN, current mileage)
• Proof of insurance (required before funding)

Yes. Adding a co-borrower with strong credit can improve your rate or help you qualify for a higher loan amount. Both borrowers are equally responsible for repayment. The co-borrower does not need to be on the vehicle title, though this varies by state. Contact us at 818-946-1092 for guidance.

No. Our initial pre-qualification uses a soft credit inquiry that has zero impact on your credit score. A hard inquiry only occurs after you review your offer and formally accept it to proceed with the full loan application. We believe you should know your rate before committing.

We finance:

• New cars from any franchised dealership (current or prior model year, 0 miles)
• Used cars up to 10 years old with fewer than 120,000 miles
• Electric and hybrid vehicles (new or up to 5 years old pre-owned)

We do not finance salvage-title, rebuilt-title, or flood-damaged vehicles. Motorcycles, commercial trucks, RVs, and boats are also not eligible.

Yes, for used car loans. We can fund private-party vehicle purchases. The vehicle must still meet our age and mileage requirements, and the seller must provide a clear title. We'll wire funds directly to the seller upon approval and document signing. Contact us at 818-946-1092 to walk through the private party process.

Once you've been approved, signed your loan documents electronically, and submitted required insurance documentation, we typically wire funds to the dealership or seller within 1–2 business days. New EV purchases at manufacturer stores (like Tesla) may be processed same-day in some cases.

You can check your application status anytime through your My Account portal using the last 4 digits of your Social Security Number. Your portal shows real-time status updates, your loan details, and any action items needed from you. You'll also receive email and phone updates from our team.

Yes! If your current auto loan has a higher interest rate, refinancing with us could lower your monthly payment and save you money over the life of the loan. The vehicle being refinanced must meet our standard eligibility requirements (age and mileage). Apply through our website and select "Refinance" as your loan type.