First Investors Financial Services

First Investors Financial Services is an auto finance company that has historically focused on providing financing to consumers with non-prime and subprime credit profiles through a network of automobile dealerships. The company has roots in Texas and has operated in the non-prime auto finance segment for several decades.

First Investors Financial Services targets borrowers who do not qualify for conventional auto financing from banks, credit unions, or prime lenders due to limited credit history, past delinquencies, prior bankruptcies, or other credit challenges. Because these borrowers represent a higher lending risk, interest rates on loans arranged through First Investors are typically higher than those available to prime borrowers.

Consumers typically encounter First Investors Financial Services financing through a dealership's finance office. Dealers submit applications to multiple lenders, and First Investors may provide an approval for applicants where mainstream lenders have declined. Buyers should ask which finance companies have been approached and obtain a complete summary of all loan terms before agreeing to any arrangement.

Before accepting any financing arranged through First Investors Financial Services, consumers should carefully review the annual percentage rate, the loan term, the monthly payment, and the total amount to be repaid over the full term of the loan. Non-prime auto loans can be significantly more expensive in total than the vehicle purchase price alone would suggest.

Consumers should also explore all available alternatives, including any credit unions they may be eligible to join, before committing to a non-prime auto loan. Some credit unions offer products specifically designed for borrowers who are working to rebuild their credit, which may provide more favorable terms than dealer-arranged non-prime financing.