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You complete one application and Ekho sends it to multiple lenders, so you compare real offers rather than accepting the first one.

Choose your term and down payment before applying.

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Check your rate first, without affecting your credit

Get pre-qualified before you apply properly. It uses a soft credit check, so your credit score is not affected, and you see an estimated rate and monthly payment.
Do this first. Knowing your actual rate means you shop in a real budget instead of guessing, and it costs you nothing.

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Applying

1

Choose your terms

Term length from 24 to 84 months, and your down payment. Both change your monthly figure, shown live.A larger down payment generally improves your chances of approval as well as lowering the payment.
2

Complete the application

Personal details, date of birth, address, and the financial information lenders need. This is a full application, so it involves a hard credit check.
3

Wait for decisions

Usually minutes. Sometimes 1 to 5 business days if a lender wants a closer look.
4

Compare your offers

You may get several. Compare the rate, term, and monthly payment.
5

Accept one and pay your down payment

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Stipulations

A lender may approve you subject to providing documents, most often proof of income or proof of address. These are called stipulations.
Your order will not progress until these are provided. It is the most common reason a financed order stalls, so deal with them promptly.

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Comparing offers properly

  • APR, not the monthly payment, is the real cost comparison
  • A longer term lowers the monthly payment and increases total interest paid
  • Total cost of the loan is the number that matters most
The lowest monthly payment is rarely the cheapest loan. Compare APR and total cost.

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If you are declined

It is not necessarily the end.
  • You can pay in full instead and continue.
  • A larger down payment or a co-signer often changes the answer.
  • Your dealer may have other options.
The process never uses words like “denied” at the pre-qualification stage, because a soft-pull estimate is not a credit decision.

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Timing

Financed orders take longer than paying outright, typically 7 to 15 business days from order to payment, because the lender has to approve and then fund.