Financing: Frequently Asked Questions
What documentation do I need to get financed?
What if I have “Bad Credit, No Credit or Bankruptcy”?
Bad Credit If you are worried that your credit score is low, do not worry. We will work with you by checking your overall current account history.
No Credit No problem! If you have never financed a vehicle, we are happy to offer an opportunity to build your credit by getting you approved and into the vehicle of your choice.
Bankruptcy If you have filed for bankruptcy, we can work on getting you approved, if it has been dismissed.
Does my credit rating affect my finance approval?
At Latinos Unidos, we do not use your credit rating as the sole approval qualifier. If your credit rating is high, that does not mean you will be approved. We look at your total credit history as a whole.
How much down payment do I need to purchase a vehicle?
The amount needed as a down payment depends on the price of the vehicle that you choose. Having a higher down payment towards your loan will lower your monthly payment.
How can I make my down payment?
Here at Latinos Unidos, we currently accept the following forms of payment as your down payment:
- Cashiers Check
- Visa, MasterCard (No AMEX)
- Money Order
How much will my vehicle payment be?
Your payment will be determined depending on your monthly income, current debt, expenses and price of vehicle chosen. We help measure your finances and fit you into a payment plan that works with your budget.
When my payment is due, how can I pay?
According to your agreed payment plan, when your payment is due, you have a choice to pay at the location where you purchased your vehicle or by phone.