What is a credit score?
The formula for a credit score is fairly complicated. It is based on several major factors.
Will I need money down?
Or, the pros and cons of no-money-down car loans Will you need money down? In a word, “No.” But that doesn’t tell the whole story. While money down on a car loan is not always necessary, it is always recommended. Why? That’s what we’re here for. So take a few minutes to learn what’s best for you and your situation. We’re sure it’ll save you a few headaches—it may also save you thousands of dollars.
What If my own bank turned me down?
It happens. You applied for a loan with your bank, expecting to get approval to purchase a much-needed vehicle. However, instead of financing, you received a rejection letter. Take a deep breath—this isn’t the end of the road. If your bank turned you down for an auto loan, you still have options. Start by finding out why your bank turned you down. Then, with that knowledge in hand, consider your other options to get the vehicle financing you need.
What if I owe more on my trade than it’s worth?
Because ALL vehicles depreciate most people who are currently financing and making the minimum payment will be backwards on their trade. This difference is called negative equity and for qualified buyers can be rolled over into the new finance application. If you don’t owe money on your trade you can use it as money down to reduce your payment.
What if I’ve been bankrupt?
Bankruptcy presents a challenge to car loan approval, but it’s not an impassable barrier. Every situation is unique, from the cause of your bankruptcy to the extent of your debt. As we’ll explain, a car loan can be the perfect place to start rebuilding your credit, even if you’re emerging from personal bankruptcy. Here’s everything you need to know.
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Hours of Operation
- Financial Services
Monday - Thursday
9:00am - 8:00pm
Friday - Saturday
9:00am - 6:00pm
12:00pm - 5:00pm