September 1st, 2008Auto Loan, Auto Maintenance, Bad credit auto loans, Bankruptcy, Car Loans, Economics, Uncategorized, debt relief No Comments
Car Loan Frequently Asked
Questions
PierreMoneyMart.com understands that the auto financing process is sometimes difficult and confusing to understand.
Below are a few of the frequently asked questions that we receive. Hopefully these will answer your questions. If they do not, do not hesitate to contact us by phone, or send us an e-mail and we will be happy to assist you.
Q: Can I get approved for a car loan even if I have bad credit?
A: YES! This is what PierreMoneyMart specializes in.
Q: How much time does the application process take?
A: Our easy auto credit application only takes a minute to complete. After you submit the application, you should be contacted within the next business day and often the same day by one of our participating financial lenders, and from there expectantly receive an auto loan approval inside of 48 hours.
Q: When approved, is there a down payment required?
A: Our financing options do not require a down payment. The only time additional money may be required is if you did not meet the qualifications for the amount you needed to buy your exact choice of car, and you made the decision to put in a down payment.
Q: How much does it cost to fill out an application?
A: There is absolutely NO COST to apply for a car loan with PierreMoneyMart.com!
Q: What type of auto financing may I qualify for?
A: You can apply for any type of new or used car loan.
Q: What type of vehicles can I receive a car loan for?
A: You can use your car loan for any types of new or used vehicle.
Q: What about refinancing an existing car loan?
A: CLICK HERE to refinance an existing car loan.
Q: Why do you work through Car Dealerships?
A: There are many reasons actually.
First, this is the process 80% of all cars are purchased as well as where financial lenders, banks and special credit unions feel the most secure.
Second, by purchasing through a car dealership, your chance for be approved for a large loan increases. This is because of the different calculations and formulas are used. For instance, a credit card is an unsecured debt where as a loan for a car is secured because the car is seen as an asset.
Lastly, the end result of this business is that the face-to-face meetings that offer the best protection of your financial details. We do not need to let you know on the many identity scams that are out on the Internet. Once your secure credit application has been screen, filtered and sent to a credit specialist, all details are then handled in person. Privacy protection is something we take seriously and has assisted in the growth of our parent company’s 20 plus years in business.
Q: Is there anything that I should know before I go to the dealer?
A: It is very important to understand dealer terms about new, used or leased autos. It is also very important to have some idea as to what type of auto you want to buy or lease. Potentially, this can help you save a great deal of money!
Q: Can I use my current vehicle as a trade in?
A: Yes you may use your current car or truck as a down payment on your new auto loan.
Q: What is the privacy of my personal information?
A: All personal information is strictly confidential, and not shared with any third party.
Q: What are your minimum qualifications?
A: Our minimum qualifications are a gross (before taxes) monthly income of $1500 or over per month. Your best bet if you are below this would be to fill out our easy credit application and have one of our finance specialists review your options.
