New/Used Franchise Dealership
You should apply for an amount greater than the amount you think you will need in order to give yourself some flexibility. Your actual loan amount will be the amount you write on the Drive Check. This amount can include the sale price of the vehicle, taxes, licensing and registration fees, extended warranty/service contract and any other fees normally associated with a franchise dealership vehicle purchase. Up2drive does have vehicle eligibility conditions which include year, Loan-to-Value (LTV) and mileage restrictions that must be met in order to use our Franchise Dealership vehicle loan product,
Refinance
You should obtain a payoff quote (usually 10 or 15 day payoff quote) from your existing lender in order to determine how much you owe on your current vehicle loan. You may want to request an additional $100 to cover any extra interest that may accumulate between the time you request the payoff quote and the time the Drive Check is accepted by your current lender. Up2drive does have vehicle eligibility conditions which include year, Loan-to-Value (LTV) and mileage restrictions that must be met in order to use our Refinance vehicle loan product.