Irvine has options available for auto financing and loans. These are schemes in which the prospective vehicle customer is lent money to buy a car (typically called auto credit). There is a specified rate of interest, and a certain monthly instalment to be paid. This enables people to buy a vehicle and pay for it over a period of time, rather than having to arrange a lumpsum amount, which may be difficult. Typically, this period of loan is shorter than a home loan, and is less than the useful life of a car. Irvine may have specialized loan agencies from where one can obtain an auto loan. Often, auto dealers also have their own financing schemes available. The schemes have low interest rates, flexible instalment packages and sometimes, one can get it processed with a less than ideal credit history. To get a loan, the prospective car buyer has to file an application. This loan can be taken for both new and used vehicles in Irvine. Other services offered include loan calculators and vehicle refinancing.