Don Moore on 54's Frequently Asked Finance & Bad Credit Car Loan Questions
Q. Could I apply for a car loan if I've got bad credit?
A. Without a doubt! At Don Moore on 54, bad credit auto loans are our niche. We partner with a community of partners that specialize in assisting those who have less than perfect credit buy a automobile. Even though you've been declined in the past, we invite you to try again with us. Q. What about if I've had a repossession?
A. A lot of customers at Don Moore GM Center have had repossessions previously. Our business is to aid you, the client, to re-establish your credit and get past the issues that you've experienced in the past. Q. What if I'm disabled or on Social Security?
A. Being on disability does not harm your ability to obtain financing. Social Security is recognized by financial institutions as a source of revenue and may be used in determining how big a loan you meet the criteria for. Q. What about if I'm self-employed?
A. Being self-employed generally is not a challenge. From time to time, evidence of a source of income might not be required at all. If it is, having verifiable earnings are the key. You can easily use tax-returns, bank statements, or cancelled checks. Q. What would happen if I have a new job?
A. Don't worry, the loan providers we work with at Don Moore GM Center evaluate dozens of factors other than just the time with your current employer. We appreciate that everyone changes occupations every so often and we still have methods for getting you financed. Q. What about if my trade-in has a larger balance when compared with my car or truck is valued at?
A. Being "upside-down" in a trade is usually an incredible obstacle for some dealerships because their automobiles are actually priced above retail price. In our case, we typically purchase cars and trucks at a fantastic value particularly for trading customers out of unfavorable equity conditions. Typically, in this instance we should trade you out of your upside-down trade-in while rolling over hardly any negative equity. Q. What if I do not have money to put down?
A. At Don Moore GM Center, we would like to speak to you in any event. We now have quite a few programs where you can put nothing down. Let us know the amount you are dealing with and we'll make an effort to fit the financing package to your personal needs. Q. What if I am a first-time buyer?
A. Even when you have not yet had the ability to create a record of on-time payments, we're able to aid you in getting there and get you behind the wheel at the same time. Q. Do you offer military financing?
A. Yes, Our team has many Finance Institutions that have focused on military member financing. Q. What would happen if I've a great credit standing?
A. We have wonderful packages for anyone with an excellent credit history including Credit Union Direct financing that offers some of the best interest rates in the community. Q. What if I have a trade-in car or truck?
A. All trade-in autos are welcome at Don Moore GM Center, running or not. We also are dedicated to trading customers out of an unfavorable equity position. In case you have a trade, we would want to speak with you about it.
Q. Could I acquire a vehicle history report?
A. Certainly. We suggest it at Don Moore GM Center.
Q. Am I allowed to acquire a copy of my credit report?
A. Yes, but not from us. We'll be happy to show you your credit report and go over it together with you. But nevertheless, due to privacy laws, we simply cannot provide a physical copy of the report. We advise heading to annualcreditreport.com for a free copy of your credit report.
Q. How much will my monthly payment be?
A. There are many aspects which go into working out monthly installments such as amount of purchase, rate of interest, term, and down payment. With hundreds of banks, thousands of packages, and a wide selection of cars and trucks, your best option is to contact us with your spending budget and we will see what we can make work for your specific situation.
Q. How long does the application process take?
A. Filling out the credit application physically or online only takes a few minutes. After the application has been submitted, the bank may request additional information such as paystubs, phone bills, bank statements, or they may not request anything. Every bank and every program is different but we'll help you get everything completed as quickly as possible. Q. What do people bring with them to try to get vehicle financing?
A. You will need to have available these documents: ID or Driver's License, Title, pay stubs or proof of income. You might also be asked to provide utility or phone bills, bank statements, or other similar documents.