Financing FAQs

Before You Apply

Yes. We specialize in helping customers who are underserved or have less-than-perfect credit, while still offering options for all buyers. All of our financing is reported to all three credit bureaus to help rebuild credit. We are not Buy-Here-Pay-Here, but we do offer similar programs through trusted lenders.

Yes. We accept all trade-ins - with or without a payoff. We also consider motorcycles, powersports, RVs, and other hard goods.

Can you help if I owe more than my vehicle is worth?

Yes. This is called negative equity, and depending on the situation, we may be able to roll the remaining balance into your new loan.

How do you determine my trade-in value?

Yes - transparently. We use the same tools consumers and dealers rely on, such as Kelley Blue Book and JD Power, along with real market data on what vehicles are actually selling for nationwide. Vehicle condition plays a big role, just like when you shop our inventory.

Do I need good credit to get financed?

No. While stronger credit can mean better terms, financing is still possible with limited or poor credit. Income, job stability, and overall structure matter - and this is where we specialize.

Will applying with multiple lenders hurt my credit score?

No. Auto loan inquiries made within a short window (typically 14-45 days) are grouped together and count as one inquiry, since credit bureaus recognize rate shopping.

Will I need to provide documentation to secure financing?

Yes, documentation is required. Lenders may ask for:

• Valid driver's license or ID
• Proof of income (pay stubs or tax returns if self-employed)
• Proof of residence (utility or phone bill)

What types of income do you accept?

Most provable income. Pay stubs or three months of bank statements are typically sufficient. TANF is generally the only income type not accepted.

How much can I afford to borrow?

It depends on your situation. Lenders usually look for a debt-to-income ratio under 50% after the new loan. A co-signer can help by adding income (excellent credit is not required).

Is there a difference between an interest rate and APR?

Yes, there is a difference.

• Interest Rate is the percentage charged on the amount borrowed.
• APR includes the interest rate plus any lender fees, giving a more accurate picture of the total cost of financing.

Do I need insurance?

Yes, if the vehicle is financed. Comprehensive and Collision coverage are required, with a deductible of $1,000 or less. If you're paying cash, deductible choices are up to you.

Do I have to pay sales tax?

Yes. Sales tax is collected at the time of sale unless you live in a tax-free state or qualify for an exemption. It is included in the amount financed.

Do you offer vehicle delivery?

Yes. Delivery is free within 75 miles.

During the Loan

By three factors: loan amount, APR, and loan term length.

Yes. A larger down payment reduces the loan balance, which usually means lower monthly payments and less interest over time.

Yes. Refinancing is possible if your credit improves or interest rates drop.

There are consequences. Late payments may result in fees and can affect your credit if they're 30+ days past due. Continued missed payments can lead to repossession.

After the Loan

Yes. Most auto loans do not have prepayment penalties, allowing you to save on interest.

Yes. After the lien is released, the lender will mail the title or notify the DMV electronically. This usually takes a few days to a couple of weeks, depending on the state