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Credit FAQs
  • What monthly payment can I afford?

    When purchasing a new or used vehicle, it is important to not overextend yourself financially. One of the most effective ways to raise low credit scores is to make monthly payments on time. Experts suggest that you should not allocate more than 20% of your take-home pay toward monthly auto payments. The down payment, interest rate, and term of your loan will also determine how much you can afford to spend on an automobile.

    As a general rule of thumb, divide your monthly income by 2 to determine your disposable income. Let’s say you make $3,000 per month, your disposable income would be $1,500. From that, you would deduct any monthly payments you currently have. The number left over should give you an estimate of how much you can afford per-month.

  • How do you get me approved with bad credit?

    By filling out our secure, online application, you are giving us the ability to locate dealerships and lenders that can work with you directly to get you approved. Interest rates are based on your loan amount requested. Additionally, lenders will often take into consideration your financial situation-especially if you have been recently divorced, relocated or laid-off. Lenders consider more than just your credit score when deciding whether or not to extend your credit.

  • What interest rates will I be paying on my auto loan?

    Interest rates will vary depending on the amount of your loan, the type of car you are looking to buy, and ultimately your credit report information. After submitting an application, you will be contacted by a credit processor who will provide you with more specific details regarding interest rates, monthly payments, and other loan terms. There is no obligation to accept any of the car loan terms offered to you.

  • Is there a fee to submit my application?

    No. We offer a free, no obligation application process. There is no fee for using our application process.

  • Will I need a down payment on my car loan?

    Depending on your credit status, you may or may not be able to get financed with little or no money down, although if you have some credit discrepancies, a 10% down payment is usually suggested.