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Posts tagged guaranteed financing

What is Guaranteed Financing?

Guaranteed Financing at All Star Dodge near Fenton

Are you in need of a car but maybe don’t have the best credit? There is no need to worry about this when you shop at All Star Dodge near Fenton. At All Star, they offer a guaranteed financing program that helps everyone get financing for a car, truck, or SUV that they find at All Star. We want to take a closer look at this today.

What Is Guaranteed Car Finance? 
It is typically a free service and is currently available primarily to borrowers with poor or bad credit. Companies offering guaranteed car finance allow buyers to request the amount of credit needed to purchase a new car. The terms of the agreement with guaranteed car finance lenders are not limited to purchasing the vehicle from the lender or dealer. A new buyer is permitted to shop elsewhere and bring in their outside loan agreement for financing.

Terms of the Program 
“The loan agreement is a contract for hire arrangement where the finance company takes ownership of the vehicle during the loan period. The company charges a monthly rental fee to the borrower in exchange for use of the car. The monthly rental fee is comprised of the loan amount plus an interest and financing charge.”-carsdirect.com

Remember, this is just a basic understanding of how the guaranteed financing program works. For a more detailed explanation and understanding on how the guaranteed financing program works at All Star, talk to a member of their finance team. These friendly and knowledgeable staff members would be more than happy to help you learn more about the guaranteed financing and help you to apply. Any questions, they would love to answer those as well!

Financing at the Dealership

Guaranteed Financing at All Star Dodge near Mehlville

When you are needing a new car, you might not be sure the best way to go about getting financing. Luckily at All Star Dodge near Mehlville, they offer in house financing as well as guaranteed financing for those with little to no credit. Today we want to share with you the benefits of in house and guaranteed financing.

It’s a smoother process – Instead of spending extra hours or days trying to get pre-approved for a loan through a third institution, in-house financing car lots ensure a quicker process with more benefits that can include extended warranties and flexible interest rates. It often means a short cut to owning the vehicle and driving it off the lot days sooner than can be expected when going through the bank.

It’s easier to get qualified, this is where guaranteed financing comes in – For those with fair to poor credit, in-house financing is more flexible with approval. However, it does not guarantee lower interest rates and may still require higher rates or a higher monthly payment. Fortunately, those with bad credit can refinance their higher interest rate loan after a year or so of monthly payments paid in full and on time.

It’s a more flexible process – “In-house financing car lots tend to receive a large amount of applications, resulting in a well-oiled machine that allows the dealership to be more accommodating and flexible. They’ll likely do the best they can to work with your specific budget, while also allowing you to be pickier about the type of car you want to purchase. They’re even known for throwing in a few incentives.”-autocitycredit.com

Take advantage of the guaranteed financing options that All Star Dodge has to offer. Their friendly and knowledgeable staff is ready to help you!

Let’s Talk Used Cars

Used Cars at All Star Dodge near Illinois

We know that smart shoppers want to get the biggest bang for their buck when buying a used car at All Star Dodge near Illinois. Today we want to share a few tips for ow to go about getting the best used car for your budget. All Star goes the extra mile to help you in your shopping as they have a huge selection of used cars! Check out their used car lot today!

Is it reliable? What are ownership costs like? – Every used car is different. Some have been driven more miles and have more wear and tear. But, in general, you want to make sure you’re choosing models known for their dependability. Consumer Reports and J.D. Power collect maintenance reports from owners and rate all used cars.

“A closely related issue is the total cost of ownership. Some cars are cheap to buy, but will cost a lot in the long run because of insurance, maintenance, repairs and depreciation. Several automotive websites, such as Kelley Blue Book’s Five-Year Cost to Own or other cost of ownership reporting sites.”-nerdwallet.com

Know Your Budget -There are really only two ways for you to buy a car: Pay cash or take out a loan. If you’re paying cash, budgeting is pretty simple. But don’t spend all your savings. Remember to set aside money for registration and insurance — and possible future repairs.

Most people take out a car loan so they can protect their savings and buy a more expensive model. It’s smart to get preapproved for a car loan because it simplifies the buying process and puts you in a stronger position at the car dealership. While preapproval is great, not everyone will be about to qualify. No worries though as All Star offers guaranteed financing!

Head to All Star Dodge today!



What Do You Need for Guaranteed Financing?

Guaranteed Financing at All Star Dodge near Oakville

Navigating the waters that is guaranteed financing can be tricky, but at All Star Dodge near Oakville, they want to make things a little easier. Not all dealerships offer guaranteed financing, but All Star wants to make sure to go the extra mile for their customers. We want to tell you a bit about what you might need to take advantage of guaranteed financing.

Proof of Income – In many cases, lenders of guaranteed auto loans require proof of income in the form of paycheck stubs, income tax return or other documentation that can validate the applicant has work history and current income that is accurately reported on the application. Since the lender is not usually going by actual credit history, they are taking a risk in offering a guaranteed auto loan and want to make sure that the person who is applying for the loan can afford the monthly car payments.

Proof of Insurance – Another requirement that many lenders of guaranteed auto loans require is proof of auto insurance. If the person applying for the loan already owns a car and has auto insurance, then this requirement is usually fairly easy to supply. The applicant can show a copy of their auto policy and usually obtain a temporary insurance provision for the purchase of a new car. If, however, the applicant does not currently own a car, they will need to secure auto insurance before completing the loan process. This is also a standard requirement for most other types of auto loans.

It is important to remember that each person is an individual case and All Star will handle their auto loan accordingly. If you have anymore questions about the guaranteed financing process, just talk to a member of the All Star Dodge team!

All Star is a Cut Above the Rest!

All Star Dodge Ram Jeep Chrysler near Ellisville

When you need to get a new or used car, you need to head to All Star Dodge near Ellisville. They are the best Dodge, Ram, Jeep, and Chrysler dealer in the St. Louis area, and once you shop with them, you are sure to see why. All Star Dealership is a full service dealership that offers everything from sales to servicing, guaranteed financing to parts. There is nothing that this dealership really can not do. Today we want to take a look at a few of the different services that All Star has to offer.

Finance Department: Did you know that All Star has a staff that is completely devoted to financing? Their team has the experience and know how to get you the right financing. If you have credit problems, you can get the financing you need for the vehicle you want, and help yourself re-establish your credit while driving your new or used vehicle thanks to their guaranteed financing program! Don’t be taken advantage of because of your credit history. All Star Dodge Chrysler Jeep Ram can arrange all of your financing and take the hassles out of your next car buying experience. Our experienced staff can give you the best rates on buys and leases with our relationships with many area lenders. By understanding your personal situation and your vehicle desires, we can tailor a custom financing plan for you.

Not every dealership is willing to designate the kind of resources that All Star Dodge Ram does to financing. Most dealerships just have a single guy in a room that handles financing for the whole lot, but that is just not how All Star thinks business should be done. They think that you need to put the customer first and their finance department does just that. Get to All Star today!

Buying a Car – Money Matters

Guaranteed Financing at All Star Dodge near Chesterfield

It is a simple truth, you cannot buy a new or used car, truck, or SUV without money. (Maybe if you are doing an even trade, but that’s a topic for a different discussion.) Some people prefer to save up and pay cash for a new or used car, others prefer to finance through a bank or private institution, while others like to take advantage of the guaranteed financing offered by the Finance Department at All Star Dodge near Chesterfield. Today we want to share a little bit about some of the money matters associated with buying a new or used car from All Star.

You need to know your credit history – Most people who shop for cars will need a loan. How much that loan costs will depend on your credit history, and knowing your credit history will give you a better idea what to expect from lenders. The Fair and Accurate Credit Transaction Act of 2003 (FACTA) allows every consumer to get a free copy of his or her credit report once a year from each of the three major credit-reporting agencies (TransUnion, Experian, and Equifax). Get a copy of your credit report, and check it for accuracy. Pay the extra few dollars to get your credit score as well, as it is one of the major factors that banks use to determine your creditworthiness. (This information was compiled from caranddriver.com and bankrate.com.)

What do you do if you run your credit history and find out that it isn’t great? Will you still be able to get a car? The answer is yes! All Star offers guaranteed financing to anyone who shops on their lot. The finance team will be able to get you a loan for your All Star vehicle purchase!

Do I Need Guaranteed Financing?

Guaranteed Financing at All Star Dodge near Ladue

It seems you have found yourself in a pickle. You need to get a new car, but your credit is not great. You are worried that you won’t get an auto loan or that if you do, it’s not going to be a very good rate or that it won’t improve your credit score. Luckily, there is guaranteed financing offered at All Star Dodge near Ladue. Today we want to share with you some of the advantages of guaranteed financing.

There are a number of advantages of taking advantage of guaranteed financing at All Star. Advantages: The cars are usually less expensive. Many people prefer to make payments on a weekly basis. Car payments are made face to face, so you know your agent personally and they know you personally. And many of the dealers offering guaranteed auto financing don’t bother with a credit check before selling you a car. You will need to check with the finance department at All Star to verify this information. Each dealership is a little different, but the All Star team works very hard to help every customer and they go the extra mile to ensure that your credit score will be improved through their program.

Does buying a pre-owned vehicle really help me reestablish my credit ?

Yes, when checking with the credit bureau, many lending institutions look at automobile loans closer than any other type of loan (other than home loans) to verify your credit standing. Buying a car from a “buy here, pay here” lot that does not report to the credit reporting agency is simply not a good option because it does not help your credit record at all. All Star is not a buy here, pay here lot, they genuinely want to help you get your credit score back on track. Get to All Star today!

Understanding Guaranteed Financing

Guaranteed Financing at All Star Dodge near Ballwin

It’s a common problem with younger people today, they want to get a vehicle but don’t have a credit history to be able to take out an auto loan. What are these people to do? They need a car, truck, or SUV to get to their job, but don’t have enough credit or credit history to make it happen. The solution is simple, head to All Star Dodge near Ballwin and take advantage of their guaranteed financing program!

Not everyone knows or understands what guaranteed financing is, so we want to explain it! Basically (and we are making this really simple here) the auto dealership works with a vast network of lenders to find an auto loan for everyone, no matter their credit. This means that bad credit or no credit applicants can get a loan and improve their credit score! There are a few things that are taken into consideration with guaranteed financing:

  • Down Payment – The first thing a lender offering a guaranteed car loan will do is work to decide a down payment amount that covers enough of the cost to make the risk worthwhile. The down payment may be high for someone with serious credit issues, though lenders can usually work to come up with a down payment number that will work for both parties.
  • Interest Rate – Interest rates on guaranteed loans designed for people with bad credit can be higher than traditional loan rates. Second chance lenders will raise the interest rate to accommodate people with serious financial problems who wouldn’t be able to get a loan through other means.

These are just a couple of terms that are taken into consideration with guaranteed financing. For more information, head to All Star and work with a member of their financing team!

Is Guaranteed Financing Right for Me?

Guaranteed Financing at All Star Dodge near Ladue

We know that sometimes situations in our lives knock us down. It’s just a part of life, but those times do not have to keep us down. If you ever find yourself in a situation where you need to get a different car but don’t have the best credit, the team at All Star Dodge near Ladue is there to help! All Star offers a guaranteed financing program that allows them to help you by getting you a car and improving your credit.

How does guaranteed financing work? – “We have lenders that work with individuals with a variety of credit issues. Depending on the extent of your credit issues, you may be required to have a cash down payment up front. The amount that you are allowed to borrow will depend on your credit application. To determine your qualifications, simply fill out a credit application and we will get back to you within minutes! The terms of the loan allowed for the annual percentage rate will vary depending on your credit history.”-314allstar.com

Is there a benefit of using All Star over another dealership with a similar program? – YES! All Star has an experienced sub-prime business manager, Eric Taylor, who has the experience necessary to find the right lending source and financing that suits your needs. His experience with specific lending sources has allowed him to build an established relationship with these institutions. All Star has lending sources available that no other dealers have. If you have been to another dealer and your visit was less than perfect, you will now find with All Star that you will get the help and answers you need.

To learn more about the guaranteed financing program at All Star, stop by the dealership today!


You Look Like You Need a New Car!

New Car Inventory Specials at All Star Dodge near Ballwin

It is summer time in the St. Louis area! The Cardinals are playing, and winning, and the pools are opening up this weekend! We think that you might need a new car to get to and from all of your fun summer activities. All Star Dodge near Ballwin has a great selection of new cars from which you can choose, as well as some great inventory specials that give you an incredible value on your new car purchase!

Things to Consider When Buying a New Car

  1. Determine your budget – When shopping for a new car, make sure you determine how much you can spend on it. Most financial services experts advise allocating no more than 15 to 20 percent of your total monthly budget to car-related expenses. Don’t forget to factor in the cost of car insurance in addition to your monthly car payment.
  2. Know how you are going to pay for your new car – Before jumping into the driver’s seat for a test-drive, decide on the type of financing you’d like to use (loan, lease or cash). If you’ll be going for a loan or lease, arrange for financing ahead of time; the team at All Star in the financing department will work with you to get you approved for a loan. Their guaranteed financing program ensures that you will get approved!
  3. Know the value of your trade in, if you have one – While you’ll probably get more money for your old car if you sell it yourself, you may not want to deal with the hassle. If you’re planning to trade in your used vehicle, make sure you know its trade-in value.

We invite you to head to All Star today and check out their inventory specials, you are sure to find a great new car!