Questions and answers
Below are some answers to commonly asked questions about the financing we offer at needacargetacar.com
Q) What type of income is acceptable to get approved?
A) Printed pay stubs showing deductions, Unemployment, Fixed income such as
SSI, SSD, Workers Comp.
Q) What if I'm self-employed?
A) That's fine, as long as you can prove your income with bank statements
showing deposits, or canceled checks that you received.
Q) Do I need a down payment?
A) Most people do need some cash down. That is how the bank gets comfortable
with loaning you the rest of the money you need to purchase the vehicle you
want.
Q) How much of a down payment will I need?
A) The amount of your down payment is determined by the bank giving you the
loan. It's different for every customer, and depends on several factors, such as
credit history, length of employment, and the kind of vehicle you wish to
drive, We will work with you to find the right vehicle, at
the right down payment, and the right monthly payment for YOU!
Q) Does needacargetacar.com take trade-in?
A) Absolutely. We take trades whether they are running or not. We will appraise the
trade value of your vehicle and apply that towards your down payment.
Q) I've had a repossession. Can I still get approved?
A) Yes! Even if your repo was yesterday, we will get you approved .
Q) I've had a bankruptcy. Can I still get approved?
A) Yes! Even if your bankruptcy was discharged yesterday, we will get you
approved for a loan.
Q) If I'm currently in a Chapter 13 (making payments) bankruptcy, can I
still get approved?
A) Yes! There is a form for us to fill out called a "Permission to incur debt".
After it's filled out, you need to get your attorney to have it signed by the
Trustee. The Trustee will sign it in most cases, and you will be good to
go.
Q) I have no credit. Can I still get approved?
A) Yes! As long as you have verifiable income, we will get you approved for a
loan.
Q) How much income do I have to prove?
A) $800 or more per month, before taxes are taken out.
Q) What will my monthly payment be?
A) That will depend on several different factors, such as what vehicle you
want, how much your down payment is, the length of the loan, the interest rate,
etc. We will work with you, so you have a payment you can afford.
Q) Will I need a co-signer?
A) In some cases having one may reduce the down payment
required by the bank, and the monthly payment may be lower.
Q) Do I have to have a bank account?
A) No. However, if you have one, you can have the payments automatically
withdrawn on a weekly, bi-weekly, or monthly schedule. This can help you
establish good credit easier.
Q) Will financing a vehicle at needacargetacar.com help me establish my
credit?
A) Yes! The finance companies we get you approved with report to all 3 credit
bureaus.
Q) Will my vehicle have a warranty?
A) Most vehicles sold at needacargetacar.com come with at least a 2 year/24,000 mile warranty.
If you have other questions, please feel free to call us at : Sales: (315) 480-2886
Q) What type of income is acceptable to get approved?
A) Printed pay stubs showing deductions, Unemployment, Fixed income such as
SSI, SSD, Workers Comp.
Q) What if I'm self-employed?
A) That's fine, as long as you can prove your income with bank statements
showing deposits, or canceled checks that you received.
Q) Do I need a down payment?
A) Most people do need some cash down. That is how the bank gets comfortable
with loaning you the rest of the money you need to purchase the vehicle you
want.
Q) How much of a down payment will I need?
A) The amount of your down payment is determined by the bank giving you the
loan. It's different for every customer, and depends on several factors, such as
credit history, length of employment, and the kind of vehicle you wish to
drive, We will work with you to find the right vehicle, at
the right down payment, and the right monthly payment for YOU!
Q) Does needacargetacar.com take trade-in?
A) Absolutely. We take trades whether they are running or not. We will appraise the
trade value of your vehicle and apply that towards your down payment.
Q) I've had a repossession. Can I still get approved?
A) Yes! Even if your repo was yesterday, we will get you approved .
Q) I've had a bankruptcy. Can I still get approved?
A) Yes! Even if your bankruptcy was discharged yesterday, we will get you
approved for a loan.
Q) If I'm currently in a Chapter 13 (making payments) bankruptcy, can I
still get approved?
A) Yes! There is a form for us to fill out called a "Permission to incur debt".
After it's filled out, you need to get your attorney to have it signed by the
Trustee. The Trustee will sign it in most cases, and you will be good to
go.
Q) I have no credit. Can I still get approved?
A) Yes! As long as you have verifiable income, we will get you approved for a
loan.
Q) How much income do I have to prove?
A) $800 or more per month, before taxes are taken out.
Q) What will my monthly payment be?
A) That will depend on several different factors, such as what vehicle you
want, how much your down payment is, the length of the loan, the interest rate,
etc. We will work with you, so you have a payment you can afford.
Q) Will I need a co-signer?
A) In some cases having one may reduce the down payment
required by the bank, and the monthly payment may be lower.
Q) Do I have to have a bank account?
A) No. However, if you have one, you can have the payments automatically
withdrawn on a weekly, bi-weekly, or monthly schedule. This can help you
establish good credit easier.
Q) Will financing a vehicle at needacargetacar.com help me establish my
credit?
A) Yes! The finance companies we get you approved with report to all 3 credit
bureaus.
Q) Will my vehicle have a warranty?
A) Most vehicles sold at needacargetacar.com come with at least a 2 year/24,000 mile warranty.
If you have other questions, please feel free to call us at : Sales: (315) 480-2886
