What Does Guaranteed Car Financing Mean?

If you’re planning to buy a car around the Jamestown-area, you might notice your credit needs work. As a result, guaranteed car financing might be the best option to choose. Also known as “buy here, pay here,” a guaranteed car finance option has been the choice of multiple Westfield and Dunkirk buyers. Yet, you might be wondering, what does it mean?

As one of the most prominent guaranteed car finance dealers, Basil Chevrolet Inc. is here to discuss why this can be a great option. Learn more about guaranteed car finance plans below and call us at (716) 351-3486 or reach out online with any questions.

How Guaranteed Car Finance Plans Work 

So, what is guaranteed car financing and how can it help you? This type of auto loan is almost always available at in-house financing dealerships because it opens up the possibility of buying a car to many different Jamestown drivers – no matter their credit history. Unlike standard financing, a guaranteed car finance plan uses your income to determine what you can qualify for. Typically, the dealers will have minimum income requirements that you must meet before you can move forward. 

Why Opt for Guaranteed Car Finance Near Westfield? 

If your existing credit isn’t great, a guaranteed car finance plan can be a straightforward and hassle-free option. You can get pre-approved for a vehicle and ride off our Fredonia lot the same day! Of course, you must meet our requirements, show the appropriate paperwork, and make a down payment on your vehicle. Here’s what’s needed to start the process at Basil Chevrolet Inc., the best of the guaranteed car finance dealers in Fredonia:

• Generally, in-house dealers check with a minimum income of $1,500 to $2,000 a month pre-taxes (This may vary depending on the dealership)
• Recent pay stub
• Down payment (Usually around $1,000 or 10% of your vehicle’s selling price)
• Proof of residency (A utility bill should suffice)
• You might also be asked for a list of personal references. 

If you still have questions about shopping with a guaranteed car finance dealer, contact our finance team when you have the opportunity!

Does In-House Financing Help Build Credit?

At Basil Chevrolet Inc., we get a lot of questions as one of the more prominent guaranteed in-house dealers. One such question from Jamestown buyers has been. “Does in-house financing help you build credit?” Yes, it can! 

Making timely payments can help build up your credit report, providing a better score down the road. With guaranteed car financing, you’ll be able to get the vehicle you need and the option to build up your credit at the same time!

Rely on Basil Chevrolet Inc. for Guaranteed Car Financing 

If you are looking for the best guaranteed car financing dealers around the Westfield-area, Basil Chevrolet Inc. is the place to go! Check out our new and pre-owned inventories to find the right vehicle for your budget and needs. Whether it’s guaranteed car finance options or extended warranties, Basil Chevrolet Inc. is the dealer to choose near Dunkirk!