- Q: I’ve had a bankruptcy. Can I still get approved?
- A: Yes! Even if your bankruptcy was discharged yesterday, we will get you approved for a loan.
- Q: What time of income is acceptable to get approved?
- A: Printed paystubs showing deductions, unemployment, fixed income such as SSI, SSD, workers comp.
- Q: What if I’m self-employed?
- A: As long as you can prove your income with bank statements showing deposits, or canceled checks that you received.
- Q: Do I need a down payment?
- A: Most people do need some cash down. That is how the bank gets comfortable with loaning you the rest of the money needed to purchase the vehicle you want.
- Q: How much of a down payment will I need?
- A: The amount of your down payment is determined by the bank giving you the loan. It’s different for every customer and depends on several different factors like credit history, length of employment, and the kind of vehicle you wish to drive. We here at Maguire Preowned Center of Syracuse will work with you to find the right vehicle at the right down payment and the right monthly payment for YOU!
- Q: What if I have a trade in?
- A: Wonderful! We take trades whether they are running or not. We will appraise the trade value of your vehicle and apply that towards your down payment. Often, we have customers whose trade in is worth enough that they don’t need any additional cash to get the vehicle they want.
- Q: I’ve had a repossession. Can I still get approved?
- A: Yes! Even if your repo was yesterday, we will get you approved for a loan.
- Q: I’ve never had credit before. Can I still get approved?
- A: Yes! As long as you have verifiable income we will get you approved.