Financing questions

No. We do not lend money and we do not offer in-house or buy-here-pay-here financing. Stephen can work with lenders to help you get financing for a vehicle you buy here. The lender makes the credit decision and sets the rate and terms.

There are two ways. You can get approved at your own bank or credit union and bring the letter. Or you can tell Stephen you need financing and he will work with lenders on your behalf. Either way, pick the vehicle first, or at least the price range, so the lender knows how much to approve.

It helps. A pre-approval tells you how much you can borrow and what the payment looks like before you fall for a vehicle you cannot afford. It does not obligate you to use that lender.

Usually a photo ID, proof of income such as recent pay stubs, proof of where you live, and proof of insurance. They also want details on the vehicle, such as the VIN and mileage. Self-employed buyers may be asked for more.

A lender checks your credit when you apply, and that can show up on your report. Ask Stephen how many lenders he plans to send your application to before he sends it.

Some lenders work with lower credit scores and first-time buyers, and some do not. Terms are usually tougher. Call and give Stephen the full picture. Nobody can promise approval, and we will not.

It depends on the lender, your credit and the vehicle. A larger down payment lowers the amount you borrow and can help you get approved. Your trade-in can count toward the down payment if it is worth more than you owe on it.

The lender does. The rate depends on your credit, the length of the loan, the age and mileage of the vehicle, and how much you put down. Compare the rate and the total cost of the loan, not just the monthly payment.

Many lenders limit how old a vehicle can be or how many miles it can have. Ask before you fall in love with a specific vehicle.

Often yes, but it depends on the lender. Many banks and credit unions lend across the state line. Call and ask.