We understand that these questions are important ones to ask so that you can plan for your future, but they are difficult to answer without knowing your specific situation. Monthly payments are based on a variety of factors, including the type of car you are buying and your credit level. Your interest rates are also determined by your credit score and the terms of your loan agreement. Jefferson City Autoplex Finance will work to negotiate lending terms that fit your budget!
Auto loan lenders typically have set amounts you can borrow for your loan, but the amount that you qualify for will depend on a variety of factors. We are not able to provide you with a specific loan amount without going over your financial and credit history first, so complete our secure online credit application or contact us now to learn more!
Most lenders will require a down payment on the new or used car you are interested in driving, but the down payment amount will depend on your credit score and financial history. You may also put the value of a trade-in vehicle toward your down payment, so if you are driving a car now but do not know what to do with it once you get approved for your next vehicle, consider trading it in today.
If the repossession was not part of your bankruptcy (and if there is still a balance on the account), then you can pre-qualify for a loan. We can also assist you if your bankruptcy has been discharged or you have an "Authorization to Incur Debt" from the trustee.
Jefferson City Autoplex Finance uses the latest technologies to evaluate your credit profile and debt factors. Our process helps to ensure that your loan application has a high possibility of approval before submission.
Our team recommends you speak with one of our seasoned finance team members before finding a vehicle; we will be able to provide you with a general price range of vehicles you qualify for; that way, you will not waste any of your time looking at cars that are above your means.
Fortunately, no! Each application is based on your unique credit history and equity position. Contact us today with any questions about the process or how to get started.