A: The usual minimum income required is about $1,500 per month. But this amount varies among lenders.
A: This is determined by several factors such as amount of purchase, interest rate, term and down payment. To help figure out your payments, we have a payment calculator on our web site.
A. We have many programs that allow you to put zero money down, or when down payment is required, allow you to defer all or part of it.
A: Whether it's a discharged Chapter 7 or an active Chapter 13, we have many lenders who specialize in Auto Loans for people with this specific need.
A. Everybody changes jobs. Your ability to make regular, on-time payments is the important part.
A: Trade-ins are welcome, whether they are running or not. If you owe money or have a clear title, we can help.
A: Many of our customers have had repossessions in the past. Our business is helping you, the customer, re-establish credit.
A. The biggest challenge for first-time buyers is typically related to not having a large credit file for the lenders to review. We can still help you get behind the wheel at a local dealer.
A: Being on disability does not hinder your ability to obtain financing. Social Security is recognized by lenders as income and can be used in determining what size loan you qualify for.
A: Being self-employed in most cases is not a problem. Having verifiable income is the key.
A: In most cases buyers can get a little extra help from the bank to overcome negative equity, or what is commonly referred to as being "upside down"in your trade-in. This takes the form of rolling the negative equity of your previous vehicle into the loan of the new one.
A: This is an absolutely free service.
A: While it might take a little bit more work, the answer is "yes". BarNone works closely with a network of partners that specialize in helping people with bad credit buy a car. So even if you've been turned down before, we invite you to try again with us because we believe we can help anybody.
A: The process begins the moment you fill out an online application or call 1-800-BarNone. We immediately begin working on your behalf to help you secure a loan to purchase the car, truck, or SUV you need.
A: All of our dealers offer Protection Plans and Extended Warranties that will cover your vehicle and give you peace of mind.
A: We deal with Franchised Dealers ONLY and they provide both new and used cars. Our financial experts will help you determine the best situation for you.
A: Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your auto loan expert will explain these factors, and tell you exactly what your interest rate will be.
A: Our nationwide network of auto dealers provides all types of vehicles, both new and used. Sport utilities, vans, trucks, passenger cars, luxury cars, and sports cars.
A: If your co-signer has good credit status, this will definitely help your chances of getting an approval.