Eligibility
Requirements
At Rizz Lending, we are committed to providing exceptional lending services for exotic and collector car enthusiasts. To ensure a smooth and efficient loan process, we have established clear borrower eligibility criteria. Below, you will find the detailed requirements to qualify for a loan with us.
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Credit Score Requirements
Minimum FICO score of 720 for both applicant and co-applicant
(if applicable). -
Min & Max Loan Amount
- Minimum Loan Amount $80,000
- Maximum Loan Amount $400,000
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Down Payment Requirements
- Amount financed up to $100,000: 10%-15% down payment.
- Amount financed $100,000-$299,000: 20%-25% down payment.
- Amount financed over $300,000: 25%-30% down payment.
- 240 Month Loan Terms: 40% down payment required.
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Income Verification
- Proof of stable income sufficient to support loan repayment, including recent pay stubs, tax returns, or other relevant financial documents.
- Continuous source of verifiable income is required.
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Employment History
- Minimum of two years in the current job or industry preferred.
- Self-employed individuals must be in business for at least 5 years.
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Debt-to-Income Ratio
Should not exceed 40%.
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Public Records and Collections
No bankruptcies, foreclosures, tax liens, judgments, repossessions, charge-offs, settled accounts, credit counseling, or total unpaid collections over $200.
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Additional Criteria
- No Fraud Alert on the credit report.
- Applicant must sign the contract ( no powers of attorney ).
- Co-applicant must have prior joint credit with the applicant.
- Vehicle must be intended for the applicant’s personal use.
- No currently past due tradelines or accounts.
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Collateral Conditions
- Minimum collateral value over $80,000.
- No financing for vehicles with branded, reconditioned, or salvage titles.
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Accepted Marques
See "Vehicles We Finance” page.
FAQ
Frequently asked questions
What types of vehicles does Rizz Lending specialize in financing?
Rizz Lending specializes in financing exotic and collector cars.
What are the eligibility criteria for obtaining a loan?
To qualify for a loan, applicants must have a good credit score, a stable income, and meet specific vehicle requirements. Detailed criteria can be found on our eligibility page.
How do I apply for an auto loan with Rizz Lending?
You can apply for an auto loan online through our website by filling out the application form or contact our customer service for assistance.
Get in Touch
Have questions or need assistance? Our team is here to help. Fill out the contact form, and we’ll get back to you promptly.
