Questions and Answers

Auto Show realizes that auto financing is an important part of the car buying process. We understand that it can cause some customers stress anxiety and valuable time. With that in mind, we would like to alleviate as much of the frustration, complication and prolonged time frame as we can. Our resources and relationships with the most dominant automotive lenders, banks and Credit Unions allow us to get the car loan that’s best suited for you, at the best possible rates and terms.

If you have had some negative rated credit in the past or at present, we are able to work with you to get an understanding of your credit history and current financial situation. With staff and ownership having over 20 years of automotive experience, we want to be able to offer you solutions that will rebuild your credit rating and maintain it to a level of sustainability for your particular situation.

Some common questions and answers

What does the lending institution base their approval on?

  • Down Payment (Down payments are often not required)
  • Vehicle specifics (model, style, age, mileage, and cost)
  • Application information such as income, time at current job, and time at residence
  • Credit History

What is ‘Credit Score’ and what does it mean?
A credit score is designed to assist financial institutions predict the amount of risk associated with a major purchase (car, house credit card, etc.). It of course then, aids in determining your ability to repay the loan.

Will my credit score drop every time I check it?
If a creditor or lender checks your credit, this is referred to as a ‘hard inquiry” and this can drop your credit score. Checking your own credit report is what’s known as a “soft inquiry,” which does not affect your personal credit score. It is best not to have too many different lenders or Auto Dealers do multiple inquiries.

How long does poor past credit history last?
The length that you will be affected by poor credit is dependent on more than one criteria such as your credit score. Your credit score is only one part of the credit approval and car loan process. Your job, your income, your spending habits, all enter into the equation. However, one of the biggest factors will be if you are able to re establish some level of credit, even small amounts. If you are able to keep these payments revolving as per agreement, always on time and even early, this will offer the biggest level of security to a new lender. Some good credit is much better than no credit for future lenders. They are always looking for a pattern of payment and a pattern of behavior that will give them confidence that you will continue in the same manner. Applying for a credit card, and using it instead of cash is an excellent idea. Of course you will have to spend no more than you would if you had cash, and MUST always pay the entire balance off every month. Your situation can be turned around, and if you are purchasing, getting help with the appropriate vehicle and loan selection will assist you in rebuilding your credit as well.

Low interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. If you’re a first time buyer, a student beginning school, or have never had credit, we can assist you in the loan process and establishing a level of credit which will help you in the future for other major purposes.

Complete this simple AUTO SHOW credit application form, and we will get back to you promptly with finance options for your particular situation. If you prefer to phone, you are welcome to call AUTO SHOW any time and just ask for the finance department. We will be happy to review your particular situation or just give you any general information that you may require.

Thank you for letting us assist you at Auto Show.