Fresh Start Program
Even if you have a great credit history and a high credit score, you should examine all your financing options. This is where Jerry’s can help the most, we have a full range of lenders waiting to service our customers credit needs, so we can find the best financing available to you. .Sometimes circumstances in life happen that can damage your credit history. Loss of job, vehicle stops running or medical bills that leave you short for a period of time.
When it is difficult to get a loan and you are having trouble recovering from an unfortunate circumstance or series of circumstances...Jerry’s gives you a way. Our network of lenders can help you rebuild and also have the reliable transportation you need to get to the back on the road. The Jerry’s Automotive Promise is to always find you the right financing to meet your needs and never obligate you to more than you can afford.
If you are faced with one of the following issues, Jerry’s Automotive Group can help you rebuild AND drive.Get Financing Now!
We have lenders on standby that can assist if you have completed your Chapter 13 or Chapter 7 Bankruptcy. Even though Bankruptcy may remain on your credit for up to 10 years, the best way to move past this is to re-establish with new credit... and a vehicle loan is one of your best opportunities here. We can help you re-establish once your Bankruptcy is complete and you have received your discharge letter. Or if you have a Bankruptcy in the past and would like to start re-establishing give us a call.
In the event that you have had a vehicle either voluntary or involuntarily re-possessed you can get another loan. With many of our lenders you will be eligible after one year. A handful of lenders will accept 6 months and we have even obtained approvals for shorter time periods. Be warned however, the size of your down payment will have the most impact on getting a lender to take the risk again.
Our lenders know that things come up. In most cases we can help even if you have slow credit card payments, high balances, charge-offs, medical bills and other less than perfect payment history.
If you are a home owner and you had some slow payments or you are in a loan modification, in most cases we can help. The lenders understand and want to get you a loan to help keep your budget in place with an affordable payment. Some lenders may request a copy of the new arrangement and will approve you for a new or pre-owned vehicle.
First Time Buyers
Are you just getting started?
You may not need a co-signer if you have stable employment or a job that pays regularly, apply today and see if you qualify for our special programs designed to get you started on your way to a strong credit history. Jerry’s Automotive Group represents manufacturers that occasionally offer “First Time Buyer” discounts that can help, so don’t forget to ask your Sales Associate if those programs are currently available.
The requirements for being considered for an auto approval are not difficult. You must be employed or receiving some sort of regular benefits like disability or social security, at least 18 years of age and a citizen or registered permanent resident of the United States.
So apply today! Upon Completion of your application, one of our loan officers will be in touch with you to discuss your particular situation. Generally, a two year history is required in order for our lenders to consider you for a loan.
You can be conditionally approved before you walk in the door if you can provide us with your proof of income:
- Pay Stub no more than 30 days old
- 3 months of bank statements
- A signed Request for Transcript of Tax Return 4506-T form is required for all self-employed applicant(s) to verify income from previous 2 years tax returns.
It's the Big Day!
It’s the day you have looked forward to – the day you drive off in your new vehicle! We will need to do a little paperwork before you leave – so please double check and make sure you bring everything we’ll need. The process will be quicker and easier.
We will need:
- Valid Driver's License that is current.
- 6 Personal References with name, address, phone number and relationship.
- Minimum 2 Family Members required.
- Proof of Residency, if applicable, consisting of one or more of the following items in the applicant's name:
- Telephone or utility bill no more than 30 days old
- If you’re a Registered Foreign Permanent Resident, make sure you have your ID
- Proof of Income
- Pay-stub less than 30 days old and showing year-to-date income
- 2 years of Tax returns if you are self employed
- Policy Number, Company, Agent, Agents Address & Phone Number and Expiration dates
- If you don’t have full coverage insurance, please let us know as we can help.
Frequently Asked Questions (FAQs)
You decide to buy a new $40,000 Ford Mustang at a dealership without being approved. The dealer may keep submitting your application until it is approved or the dealer has exhausted all their lender resources. We are not going to wish you in to a car loan but prepare a reasonable loan package so you are approved. We need to determine if you qualify for the Mustang. If so, your loan package will be submitted. If you don't qualify, we’ll guide you to the best vehicles and financing options that fit your needs, without numerous inquiries showing up on your credit report. Most dealers are trying to sell you the vehicle you want but not doing the due diligence to make sure you can afford the vehicle.