A
system to provide automobile financing to individuals with relatively lower credit scores or ratings, or no credit rating, due to lack of credit or lending purchases, that would otherwise only qualify for sub-prime, higher interest loans. Due to the overall
system structure, lower rate interest loans can be extended to participants. The
system utilizes the auto financing loan applicant's term of employment and / or other employment performance data as the principal credit criteria to qualify the creditworthiness of an applicant versus the applicant's credit
score or credit rating. Applicant's driving records are also reviewed as system automobile loan approval credit criteria. Loan applicants provide employment related information and execute a letter of
authorization providing the system with authority / rights to contact the applicant's employer to verify said employment information. In order to provide participants with lower interest rates than would otherwise be available through conventional channels, automobiles financed under the system must meet minimum profile criteria, including the year of the auto, the mileage, retail value relative to the wholesale value, and autos financed under the system are covered by extended warranties and have GPS systems installed for asset protection purposes. In utilizing employment term as the principal creditworthiness criteria, the system can to be offered through employers as an employee loyalty reward program.