Financing
Most Frequent Asked Questions
Is
financing available for first time buyers, bad credit, no credit,
bankruptcy?
Yes,
financing is available for all of the above. There are special
programs that specializes in each of the categories listed above,
and we have taken extra measures to ensure that we have the best
programs available to ensure the best possible chances of obtaining
auto financing.
Is
financing available for individuals that are self employed?
The
answer is yes, you will need to be able to show income. Income
can be shown by last years tax returns, articles of incorporation,
bank deposits among other means. If you are self employed our
finance professionals will help you to determine what you have
which will work since situations vary from one person to the next.
I
am currently in a bankruptcy can I still qualify?
This
depends on which Chapter you filed. If you filed Chapter 7 you
can qualify if you have already had the meeting of the creditors.
If you have filed Chapter 13 you will need a statement from your
trustee stating a limit of a loan you can qualify for.
I
see ads on T.V. that states that I can qualify for 0% interest
with $0 down even with bad credit. Do you have any programs like
this?
No,
nor do we advertise such. There are no such programs available
that we know of. While it would be nice, it just doesn't make
sense that a finance company would offer such a deal without having
substantial security that the loan will be repaid. Use common
sense when you see ads such as this and read the fine print.
What
interest rate can I qualify for?
Interest
rates are determined by the lender and is influenced by many factors
such as previous credit, severity of credit problems, amount of
down payment among other things. Your finance professional will
go over all of this with you and tell you exactly what your interest
rate will be.
Will
having a co-signer help to lower my interest rate and/or down
payment?
If
the co-signer has good credit it can help your interest rate and/or
down payment and definately influences the lenders decision on
how to structure your loan.
Will
I be buying a reliable automobile?
All
dealers in our program offers Plans and Extended Warranties that
will give you security in the event of a mechanical breakdown.
When talking to your sales associate let him or her know that
this is a concern of yours so that he/she can ensure that you
are looking at vehicles that offers longer term protections.
Will
I be charged an application fee? What are all of the costs for
applying?
There
is absolutely no cost to you for applying. Our service is FREE
to you.
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