What Does Guaranteed Car Financing Mean?

Signing Finance Documents for Car

If you’re asking yourself, “where can I get guaranteed car financing near me?” you’re in luck because Ole Ben Franklin Motors is here to help. Guaranteed car financing means no matter your credit score, you’ll be able to secure a car loan. Guaranteed car finance dealerships provide a good option for buyers who need to finance a new or pre-owned car but don’t have the necessary credit score that traditional car financing requires. Visit our guaranteed car finance dealership today to learn more about guaranteed car financing.

How Guaranteed Car Finance Plans Work

Guaranteed car finance dealerships work with finance experts who use your income rather than your credit score to determine your qualifications when you apply for financing. This is a good option for Farragut shoppers who have a credit score that needs some work. To get guaranteed car financing, make sure you have the appropriate paperwork and proof that you have income. After you have your paperwork, here’s what else we’ll need from you to get guaranteed auto financing:

  • In-house dealers around Sevierville typically check for a minimum income of $1,500 to $2,000 per month before taxes. Although this does range depending on the dealership.
  • Your most recent pay stub and a couple of pieces of information for proof of residency will also be required, but reach out first to confirm what counts as proof of residency.
  • Typically a down payment of around $1,000 or 10% of the vehicle’s price is needed to get approved for guaranteed car financing.
  • Depending on the dealership, you may also be asked for personal references as well.

Does In-House Financing Help Build Credit?

We understand that sometimes life happens, and your credit score could get affected. That’s why guaranteed car financing is a smart option for buyers near Seymour with a low credit score that need help building credit. As long as you keep up with your monthly payments, your credit score will improve. As your credit score improves, you’ll be able to qualify for regular car financing.

Credit History

Finance Your Vehicle at Ole Ben Franklin Motors

From buyers far and wide, our Knoxville dealership is more than happy to work with you to find a financing or leasing option that works with your budget and credit history. If you’re tired of regularly searching online for “guaranteed car financing near me?” and coming up with results to no avail, look no further and work with the team at Ole Ben Franklin Motors today. We’ll guide you through the car buying process for a fast and stress-free experience. Contact us today to get started on learning about your financing options or learn more about other car buying tips such as good mileage on a used car.

Ole Ben Franklin Motors 36.002422, -84.247453.