1. Can I still get a loan if I have bad credit?
In most cases, Yes. We specialize in helping those with challenged credit.2. How much will I qualify for?
The loan amount will be determined by a number of factors including your income, credit history, and age of the vehicle.
3. How much down payment will I need?
This depends on the vehicle that you choose to buy. If you select a new car, often banks will allow 0% down. Also, some new models offer factory rebates that can be used as a down payment. A used car that has a lower bank loan value may require a more significant down payment.
4. Can I trade in my car?
Yes. You may use your present vehicle as a down payment. If you owe more than the value of your present vehicle, we may be able to roll over some of the negative equity into the new loan. This is especially true when you are purchasing a new vehicle that has a large factory rebate.
5. What will my interest rate be?
The interest rate depends on several factors, primarily your credit score and the age and type of vehicle you are financing. We work with many lenders and will submit your application to the one offering the best terms for your particular situation.