A Walkthrough of Our Financing Approval Process
Follow These Steps at Our Buy Here Pay Here Dealership to Drive Away in a Nicer, Newer Car Today
Indiana, Illinois, and Michigan residents who live near our seven buy here pay here dealerships and have challenged credit are in luck: Quick Auto makes it easy to buy a nicer, newer car in as little as 60 minutes.
The old adage about things being too good to be true doesn’t apply here. By streamlining our financing approval process and never wasting time with credit checks, we save our customers time and money when they shop at Quick Auto.
Join us for a walkthrough of our simple auto loan process so that you’re prepared to buy a vehicle within the next hour.
Step One: You Gather Your Documents
The first step toward buy here pay here financing approval is for you to complete at home. All you have to do is gather:
Your government-issued photo identification card, such as your driver license.
Copies of your most recent pay stubs from all sources of monthly income.
A utility bill showing proof of your home address. The bill must be no more than 30 days old.
Then, bring these documents to the Quick Auto buy here pay here dealership location nearest you. Find us in Hammond, South Bend, Highland, Elkhart, La Porte, Mishawaka, or Portage, Indiana, near the Illinois and Michigan borders.
To speed up the process, fill out our financing application online before you visit today. If you have a cosigner, they will need to provide the same documents listed above. Remember to include their information on your application.
Step Two: We Review Your Documents for Financing Approval
When you arrive at our dealership, one of our helpful team members will sit down with you and review your documents. They’ll complete a few mathematical calculations to determine the in-house loan amount to approve you for and ask you about the size of down payment you can make.
Our loan calculations consider only your monthly income and do not include checking your credit score. This is because we don’t believe that your credit score is an indicator of your ability to repay a loan. We also believe that everyone should be able to get financing approval on a reliable vehicle, regardless of whether they have a challenged credit history.
Step Three: We Explain Your Buy Here Pay Here Financing Plan Options
Within a few minutes, we’ll have you approved for an in-house auto loan. Our team member will explain your payment plan options. This includes your monthly or bi-monthly payment, your interest rate, and the total you’ll pay for the vehicle if you make all your payments on time.
During this time, be sure to ask any questions you have about your approved financing. Your goal is to ensure that you fully understand your options. Our team member will be completely transparent about your loan terms because they are truly dedicated to helping you get behind the wheel of a reliable vehicle.
Then, our team member will show you the vehicles on the lot that fit within your monthly payment and down payment range. This ensures you know your options and don’t fall in love with a car, truck, or SUV that wouldn’t be the right fit for you.
Step Four: You Sign a Purchase Agreement
After you’ve chosen a used car from our buy here pay here dealership, our team member will draw up the final purchase agreement for you, with the payment plan terms you agreed to earlier in the process.
Review your purchase agreement carefully and ask any final questions you have. Then, sign in the areas the team member indicates. You’ll receive a copy of your purchase agreement and all the other important information you need about your new-to-you vehicle, including details of our 18-month limited protection plan.
Step Five: You Make Payments Directly to the Buy Here Pay Here Dealership
The final step of buy here pay here financing is paying back your auto loan. Because we offer only in-house financing without credit checks, you’ll make your monthly or bi-monthly payments directly to Quick Auto, not a third-party lender. We offer convenient payment options, including an online payment portal. You can also drop off your payment in person or send it by mail.
Remember that although we do not check your credit before extending a financing offer, we do report your payments to the major credit bureaus. If you make on-time payments directly to us, you could see your credit score increase over time.
Don’t Wait to Visit Our Buy Here Pay Here Dealership Location Nearest You
Because we can get you into a used car in as little as 60 minutes, you don’t want to delay visiting our local dealership! Find a location near you and get started on your journey toward car ownership.
