Looking to upgrade your ride but worried about the upfront cost? At carparteu.com, powered by Vivid Racing, we understand your passion for performance. That’s why we’ve partnered with Affirm to offer flexible and transparent financing solutions for all your Affirm Car Parts needs. Now you can get the parts you need, when you need them, without breaking the bank.
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Unlock Your Build with Affirm: Your Questions Answered
We know financing can seem complicated, so we’ve compiled the most common questions about using Affirm for your car parts purchases at carparteu.com. It’s easier than you think to get approved and start building your dream car today!
Getting Started with Affirm
How do I create an Affirm account to finance car parts?
Signing up for Affirm is quick and easy! You have two convenient options:
- Directly through Affirm: Visit www.affirm.com/account and follow the simple steps to create your account. This gets you pre-approved and ready to shop.
- During Checkout at carparteu.com: Simply choose Affirm as your payment method when you’re making your purchase on our website. You’ll be guided through the application process right then and there.
What do I need to be eligible for Affirm car parts financing?
To use Affirm for your car parts purchases, you’ll need to meet a few basic requirements:
- Age Requirement: You must be at least 18 years old (19 in Alabama, or if you are a ward of the state in Nebraska).
- Residency: You need to have a valid U.S. or APO/FPO/DPO home address. Please note that Affirm financing is currently unavailable to residents of Iowa and West Virginia.
- Phone Number: Provide a valid U.S. mobile or VoIP number that can receive SMS texts.
- Personal Information: You’ll need to provide your full name, email address, date of birth, and the last 4 digits of your Social Security number to help Affirm verify your identity securely.
Understanding Affirm Loan Terms and Costs
What are the interest rates and fees with Affirm car parts loans?
Transparency is key! Affirm offers clear and simple interest loans with APRs ranging from 10% to 30% simple interest. Some merchants may even offer 0% APR on select affirm car parts. The finance charge associated with your loan is the only fee you’ll ever encounter with Affirm. Unlike other financing options, Affirm never charges late fees, service fees, prepayment penalties, or any other hidden costs. You’ll know exactly what you owe, upfront.
What payment options are available when I finance car parts with Affirm?
Affirm offers flexible payment schedules to fit your budget.
- For purchases of $100 or more, you can choose to pay over 3, 6, or 12 months.
- For smaller purchases between $50.00 and $99.99, payment plans of 3 or 6 months are available.
- Keep an eye out for special promotions! Some merchants may offer even shorter-term options, like a 30-day payment for purchases under $50.
Use Affirm’s handy cost calculator to estimate your monthly payments before you commit.
Does Affirm provide a credit limit for car parts financing?
Affirm isn’t a revolving credit line like a credit card. Instead, each affirm car parts purchase is evaluated as a separate, closed-end loan. You can have multiple Affirm loans at the same time, but each application is assessed individually. Keep in mind that even for returning customers, an application might be denied if previous Affirm loans haven’t been repaid on time or if there are signs of excessive borrowing.
Credit and Security with Affirm
Will Affirm check my credit when I apply for car parts financing?
Yes, Affirm does perform a credit check. When you first create your Affirm account, they conduct a ‘soft’ credit check to verify your identity and assess your eligibility for financing. The good news is that this ‘soft’ credit check will not impact your credit score.
For subsequent loan applications, Affirm may perform additional ‘soft’ credit checks to ensure they are offering you the most suitable financing options.
Does Affirm report my car parts loan payments to credit bureaus?
Yes! Affirm helps you build credit. For loans taken out on or after August 3, 2016, Affirm reports your loan and payment history to Experian and plans to include other credit bureaus in the future.
While Affirm reporting can help build your credit, it’s important to remember that various factors influence your credit score, including payment history, credit utilization, credit history length, and recently opened accounts.
Who is Cross River Bank and what’s their role in Affirm car parts financing?
Cross River Bank, a New Jersey State Chartered Commercial Bank and Member FDIC, is the financial institution that actually provides all Affirm loans. They partner with Affirm to make affirm car parts financing possible.
How secure is my personal information with Affirm?
Affirm prioritizes your security. They use robust encryption to protect sensitive data, including Social Security numbers. They also maintain strict physical, electronic, and procedural safeguards to protect your information. Rest assured, Affirm will never sell or rent your personal information to anyone. For complete details, review their Privacy Policy here.
Ready to get started? Explore your affirm car parts financing options today and get one step closer to building the car of your dreams at carparteu.com!
