Financing Facts

Automotive Finance Facts

Why get pre approved financing?

Getting pre-approved for a car loan is a great way to get behind the wheel of your next car quicker. We have
developed an online loan application to save you time and money. By having you enter your basic personal
and financial information, we can limit the number of personnel needed to process your loan and increase
your privacy. Instead of asking potential lenders for a precise amount, we will first negotiate for you the
maximum amount they are ready to lend you for your next vehicle. Based on your credit score and financial
history, you will be presented with a form of blank check and youll be ready to shop. You will of course have
the option to use all or only part of the amount.

Can buying a used vehicle really help me re-establish my credit?

Yes, when checking with the credit bureau, many lending institutions look at automobile loans closer than
any other type of loan (other than mortgages) to verify your credit standing. Secured credit cards are no help
at all - you are really borrowing your own money with the glory of having a piece of plastic in your wallet.
Buying a car from a "buy here, pay here" lot that does not report to the credit reporting agency is simply not
very smart because it does not reflect on your credit record.

Why does it work?

How can I finance a vehicle with my less than perfect Credit? Some people with bad Credit avoid financing a
vehicle. Because lenders review credit reports and scores before granting a loan, you might believe that
getting approved is impossible with your current credit standing. However, this is quite the opposite. In fact,
because auto loans are "collateral" loans, these are easier to qualify for than other types of loans. True, you
may be penalized for having a bad credit history. Nonetheless, obtaining an auto loan is really the perfect
solution for boosting your credit rating. Also, you always have the option of refinancing the loan once your
credit improves. So the smart choice and the intelligent way to go is to rebuild your credit with a car loan and
we'll show you how!


Looking for a Used Car Loan? With over 23 years of experience, WE NOW FINANCE EVERYBODY;
Good Credit, Bad Credit, No Credit You are Approved!