Frequently Asked Questions
Q: WHAT INTEREST RATE WILL I GET?
A: When applying for an interest rate, the financial institution will look at the severity of credit problems, whether or not you may have a down payment or a trade vehicle. Our experienced finance managers will fight to get you the best rate possible.
Q: HOW LONG DOES THE PROCESS TAKE?
A: Depending on the financial institution, an approval will be received in a few minutes to an hour.
Q: WILL I BE STUCK WITH A HIGH INTEREST LOAN FOR THE FULL TERM?
A: Absolutely not. If you make all of your payments on time, the bank will re-finance the loan at a lower rate after as little as ten months. They just want to see that you are making consistent payments.
Q: WHAT CAN HELP ME GET AN APPROVAL ON A LOAN?
A: The best way to get a guaranteed low rate would be a good credit co-signor. A co-signor is the best way to help you get a jump start to good credit again.
Q: DO I HAVE TO PUT MONEY DOWN?
A: Of course not! Some of our customers wish to put nothing down on a loan, and the financial institutions are ok with that.