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| Max Advance Used Vehicles |
Limited to 110% of NADA Trade-In, plus Service Contract plus TT&L. Maximum is 130% of NADA Trade-In (No Adds, plus or minus Mileage) |
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| Max Advance New Vehicles |
Limited to 110% of the Manufacturer's Invoice, plus Service Contract plus TT&L. Maximum is 130% of Invoice (No Adds, plus or minus Mileage) |
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| Down Payment |
10% |
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| Minimum Interest Rate, subject to state usuary laws. |
18% - 24% |
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| Acquisition Fee |
$495 |
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| Min / Max Amount Financed |
$3,000 / $20,000 |
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| Terms |
Age
of Vehicle
|
Year
|
Mileage
|
Term
|
|
New
|
2004
|
18,000
|
60
months
|
|
|
1
year old
|
2003
|
36,000
|
54
months
|
|
|
2
year old
|
2002
|
54,000
|
48
months
|
|
|
3
year old
|
2001
|
72,000
|
42
months
|
|
|
4
year old
|
2000
|
90,000
|
36
months
|
|
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5
year old
|
1999
|
100,000
|
36
months
|
|
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6
year old
|
1998
|
100,000
|
30
months
|
|
|
7
year old
|
1997
|
100,000
|
30
months
|
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| Debt to Income |
45% |
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| Payment to Income |
20% |
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| Residence |
6 months at current residence OR 24 months in area OR homeowner. |
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| Employment |
6 months on current job OR 24 month same area/field with no more than 3 jobs and maximum 2-month gap. |
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| Income |
$1,000 minimum monthly |
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| Dealer Recourse |
First two Payments |
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| Time in bureau |
24 months |
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| Bankruptcy |
Bankruptcy must be discharged prior to purchase of Contract. No open bankruptcy and No multiple bankruptcies. |
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| Repossessions |
Repossession must be more than 12 months old, unless included in a discharged bankruptcy. No multiple Repossessions. |
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| Credit Bureau Score |
None |
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