You want to get back on the road, but your credit history prevents you from buying a new or used car. Car-Mart may be the ultimate solution to your driving problem. Today we’ll tell you why.
This American company has focused its efforts on offering the help needed by those who want to buy a car at a low price but don’t have a large budget.
Now the question that arises is: How does Car-Mart financing work? We will answer this question and tell you how you can finance a used car without having credit backing.
The best-used car financing
Car-Mart has stood out from other similar companies by offering secure financing to purchase a used car. And it does so despite its customers’ bad credit or no credit at all.
They also do not hinder those with a car repossession or bankruptcy history.
If you are interested in the services of this company, you only have to explain to the advisors about your economic and financial situation. Together, they will design a plan that works for the client and poses no risk to the company.
Does Car-Mart Help your credit?
It does so through a simple but effective strategy. To get a clearer idea, here’s how:
1. Affordable down payments
Want quick access to your vehicle? The company guarantees affordable down payments. The amount will depend on the type of car you choose.
But it will also depend on the type of trade-in, loan application, and promotions available when closing the deal.
2. Payment Alternatives
The company is willing to design a payment strategy tailored to your financial needs. The plan also includes a flexible payment schedule.
Choose how you want to pay your next installments: monthly or biweekly. But that’s not all, as it will allow the customer to choose the best way to meet the corresponding payments.
3. Lay-a-Way plan for Car-Mart payment
Car Mart also has reservation plans that will give the customer a term of up to six weeks for the down payment.
The reservation program designed by this company will be of great help to those customers who have been approved but do not yet have the money to pay the down payment.
Shopping at Car-Mart is easy enough
Of course, it is. Here is the correct procedure to complete the transaction.
- Car-Mart will help you locate the right car based on an analysis of your current needs.
- After finding the right model, the company will spend time and effort designing a customized plan for you.
- You will be forced to buy a specific vehicle under no circumstances.
- Advisors will show you what you need to complete the transaction.
- If the sale has been finalized, the advisors will watch any situation. After the procedure is completed, Car-Mart will continue to accompany you.
Why should customers finance their next vehicle with Car-Mart?
Representatives of this company perceive that any legally authorized person can get into a vehicle. Regardless of your economic or financial situation, Car-Mart helps you achieve this goal.
The intention is that whoever wants to can get their hands on the title of their vehicle. Also, they can pay for the purchase even if it is in very low installments.
Car-Mart has been recognized for including honesty and transparency in its business values. Therefore, they do not force customers to pay exorbitant money if they do not have financial solvency.
From experience, most end up with the car keys in their hands. Very few are turned down. But you have been focusing your efforts on improving your processes so that more and more users choose your services.
What elements are taken into account to make the best financial decisions?
Managers take into account some elements to make a better decision:
- Users’ time at their workstations.
- Length of time they have lived at a given address.
- Current income level.
- The credits you have had access to throughout your life, no matter if they have been good or bad.
It is important to arrange a previous interview. The questions asked by the executives will be oriented to know a little more about your history as a person.
For most of the employees of this company, the face-to-face meeting will help them learn more about your financial situation. Therefore, they will be able to support you with plans designed according to your condition.
How long does the financing process take?
When a customer chooses the vehicle they want and accepts the company’s conditions, they will wait up to 10 minutes to have the base information at their disposal.
They will have to wait for another 15 to 20 minutes to complete the application. The data verification process takes another 30 minutes or so. The intention is that the user will be driving away in less than 1 hour.
How do car down payments work?
At Car-Mart, they work as follows:
1. You pay less interest
The more money you put down to purchase the car, the lower the interest rate. Paying a down payment also ensures a lower interest rate.
2. You may be approved for a loan
It is a useful tool for those with a much lower credit score. A down payment significantly improves your chances of getting a loan.
3. Low monthly payments
Yes, one of the benefits of down payments is that it reduces the monthly amount you have to pay for car financing.
Owning a used car is easier with Car-Mart. This company has made every effort to make sure you can drive a good make. The most interesting thing is that it doesn’t matter your credit history since they care about seeing their customers happy.