What Does Guaranteed Car Financing Mean?

So, what does guaranteed car financing mean? If your credit could use some improvement, you may be in search of guaranteed car finance dealers. Guaranteed car financing is sometimes referred to as “buy here, pay here” financing. Before you start searching for “guaranteed car financing near me,” read on to learn more about what it entails. From there you can simply consult the Bettenhausen Automotive finance departmentto take the next steps in your Orland Park car buying process! 

Guaranteed Financing Near Me

Guaranteed car financing options open up the possibility of buying a car to many drivers from Orland Park to Tinley Park — no matter their credit history. A guaranteed car finance plan doesn’t require a credit check, so guaranteed car finance dealers use your income to determine your loan qualifications. 

Guaranteed car financing can be a convenient and hassle-free option. Get pre-approved for a vehicle and drive off our Orland Park lot on the same day. Below are a few qualifications guaranteed car finance dealers look for: 

• A minimum income of approximately $1,500 to $2,000 a month pre taxes, depending on the dealership
• Recent pay stub
• Down payment (typically around $1,000 or 10% of the car’s selling price) 
• Proof residency
• A list of references 

Does In-House Financing Help Build Credit?

In-house financing can help build credit as many of these dealers report payments to major credit bureaus. Make timely payments and build up your credit report to achieve a better score. With most guaranteed car financing dealers, you can find your new vehicle and build up your credit at the same time.

Finance Your Vehicle at Bettenhausen Automotive

No matter your credit situation, Bettenhausen Automotive is here to help. You can even apply for financing online with ease. If you have questions on insurance recommendations for used vehicles or other vehicle finance matters, consult our team today!