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Frequently Asked Questions

Buy Here Pay Here Frequently Asked Questions

How do I know if I can qualify for a loan to purchase a vehicle?
First of all, you need to have a job that can be verified, and not be currently involved in a bankruptcy. You will need to present a valid driverís license, 3 of your most recent paycheck stubs, a paid phone or utility bill, eight references and a cash down payment. We understand that your time is valuable and we never want to waste it which is why with all these, you can drive away in about an hour. If you are not sure about what you can and cannot bring feel free to contact us with any and all questions you may have.

Will buying from Auto Credit USA really help re-establish my credit?
With the help of our local lender, we can help you establish or rebuild your credit as long as you meet your payment schedule.With the help of our local lender, GCAC, we can help you create or rebuild your credit as long as you meet your payment schedule. We report monthly to the Credit Bureau, and your repayment promptness is always noted.

What are the benefits of using Auto Credit USA over a new car dealership?
Unfortunately, once a car dealership learns your credit is less than perfect, they may treat you differently. Most likely they will show you a limited selection of older cars, usually of lower quality, without consideration for what you want. At Auto Credit USA finance center we listen to your wishes, determine what you need and can afford. Then we find the right car, at the right price, and the best way to get you qualified approved and in the seat of something you want to drive!

How much can I be approved for?
Our calculations are based on your income and all other financial obligations you may have. With that information, we can determine a payment schedule that fits your particular circumstances. That may be weekly, bi-weekly or another plan. Remember, we want to help you any way we can. Unlike traditional car dealerships and banks, we will work with you to examine your current situation and not your past mistakes. So we can figure out a payment plan that you can afford.

Will I need a co-signer?
Not necessarily. A co-signer with established credit would help you get approved, but in most cases, it is not necessary. Here at Auto Credit USA, we want to help anyone who has experienced financial difficulties get back on track as soon as possible. Which is why we do not require a co-signer because we understand that finding someone to cosign a vehicle with you can be difficult, so we will never expect you to have one.

Does it cost to submit a credit application?
Never. We gladly accept all credit apps, in person, online, or by phone. No one is ever flatly turned down. We understand that sometimes bad things happen to good people which is why our salespeople will exhausting every avenue to get you approved. We want you to drive away in a used car you love just as much as you do. If you are turned down our finance team will gladly walk you through the steps needed to get your credit score where it needs to be.

How big of a down payment do I need?
That depends on the price of the car and your existing credit score. A larger down payment will always improve your chances of obtaining approval sooner. A large down payment also means a shorter payment term and smaller monthly fees as well. This way you can pay your vehicle off faster, which in turn helps you improve your bad credit score even more. If you are not sure what kind of down payment you will need or want to know what kind of monthly payment you can afford, give us a call and we can help you out.
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