Yes we do. We guarantee the lowest down payment & and monthly payment on the purchase of a quality used car for someone with bad credit or no credit. Bad credit is ok, but you will need to have good income, good job time, and be financially better than when you incurred your bad debt. The following is a very general guideline for $500 down:
– Minimum $1800 monthly income – reasonable vehicle – Drivers License (not needed with higher down)
– Job time more than 1 year – recent financial stability – No multiple bankruptcies / none within 2 yrs
– Not a temporary employee -provable income – No multiple repossessions / none within 2 yrs
You will need Proof of income (ok on job letters, daily journal…but not for $500 down), proof of residency, and 2 forms of ID. We report to the credit bureau from the day you purchase the vehicle. With on time payments, this will help you build your credit, and you will have good credit in no time and make your next purchase with $0 down. We also provide free credit education.
No, we sell cars! Our goal is to help customers BETTER there financial stability. In a bad credit lease, you will have a large balloon payment at the end of the lease. Because of this large end of lease payment you will owe more than the car is worth for the entire loan and unable to trade your car in for another car until your car is paid off. At the end of the lease most cars aren’t worth the balloon payment. So, many people give their car back, and it will go as a Voluntary Repo on your credit. With a new repo other dealers won’t finance you unless you have a large down payment. Leases will keep you stuck with that car dealer for a very, very long time. Also, when you purchase (not lease) you can save money on the total pay back by paying your car notes early.
We can do a SOFT bureau pull that has NO EFFECT ON YOUR CREDIT SCORE and NO SOCIAL security number needed. This can be done by clicking ‘Financing’ then click ‘Get Prequalified’. Once agreed upon, we will need your social to verify identity and do a hard pull to finanize your loan terms. Our loans are primarily based on your stability, ability and desire to make your car payment. We pride ourselves at being the best all around dealer for people with bad credit or no credit.