Lending Criteria
FAQ

Can you get me financed if I am disabled and no longer working?

The fact that you're disabled and not working would not disqualify you from many loan programs. You would still have to meet the minimum income ($1,400) per month) requirement.

I am trying to find a buy here pay here to finance me. I applied other places but have not heard back. I do not want to apply just to get turned down. If they finance people with bad credit why do they need my SSN.

I would need to know where you applied before I could compare our service with the other services that you applied with. Our service will get you qualified for an auto loan. The qualification is based on a scoring system that uses your credit history, job time, income, and debt ratio. Your SS# is needed to obtain your credit score and debt ratio. If your credit is real bad you may only qualify for 80% financing. That is to say that the finance company will advance you only 80% of the purchase price. If you have no funds available for a down payment you would still qualify for a loan but you would not be approved. From my experience "Buy Here, Pay Here" lots work the same way they just hold the loan themselves. Often a BHPH dealer will not sell a car without receiving at least what they own the car for as a down payment. For example, they own the car for $1,000 and plan to sell it for $3,000 with $1,000 down. We have a worksheet available on our site at http://www.driverslane.com/estimate.htm. The worksheet would give you a good idea of how much you would qualify for and the down payment that would be required.

I have a 478 beacon score, I have a perfect car payment history. Can you get me financed? I would like to know more than just the "let us pull your credit and see" response, I cannot seem to get financed anywhere, perhaps you're the answer to my problem.

It sounds like you have tried a few other services. Our service will get you qualified for a loan but thats not to say that everyones approved. For example your auto loan qualification may have a minimum down payment requirement or a limited loan to value amount. To estimate the loan that you would qualify for, download our loan estimator form located at http://www.driverslane.com/estimator.pdf. The form requires Acrobat Reader to open.

I have a current loan with GMAC which is 2 months past due because I had to repair the car. I owe approximately $1500 on the loan. Can I use your service to finance a dependable car and have my existing loan paid off?

Chances are that your current loan only shows 1 payment behind on the credit report. That alone would not disqualify you from obtaining a loan through our service. Your trade would have to be appraised at the dealership, but since you only owe $1,500 you it should not be a problem. Act as soon as possible before the credit report shows that you're two payments behind. After both payments are on the report lenders may not advance enough to trade in your current auto.