How Guaranteed Car Finance Plans Work

Guaranteed financing is an auto loan plan that uses your income rather than your credit score to determine whether you qualify for financing. This is a good option for people with low credit scores as your credit history is not the determining factor for approval. You must show the appropriate paperwork and proof that you have the income required by the dealership to gain financing in Pigeon Forge and Gatlinburg Tennessee. You’ll need to make a down payment plus the following documentation: Stop in at Ole Ben Franklin Motors Alcoa or look online at www.olebenalcoa.com

• In-house dealers typically check for a minimum income of $1,500 to $2,000 a month pre taxes (this depends on the dealership, though)
• Recent pay stub
• Down payment on the car (usually around $1,000 or 10% of the car’s selling price)
• Proof of residency (a utility bill with your address on it, or a library card should work)
• Depending on Ole Ben Franklin Motors Alcoa, you may be asked for personal references as well.

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