What is the procedure for the auto loan application?
- Find a car and apply through our portal. We recommend our customers apply for a loan before visiting a car dealer, but we will also be able to finance your purchase if you find the car you would like to purchase before applying for a loan.
- You are able to change the car you will finance with Boro up until you sign your loan agreement.
- Receive loan approval from Boro, talk to the dealer, upload required documents and e-sign the loan agreement.
- Set up your repayment method, make the down payment to the dealer, and drive your car home. Please refer to How it works for the detailed application procedures.
Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016,issued by Department of Insurance and Financial Services.Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521