Owning a vehicle gives you the freedom to go where you want, when you want. However, purchasing a car when you have bad credit or no credit at all can be a major hurdle to overcome. Fortunately, at Stivers Ford Waukee in Waukee, Iowa, we offer a range of financing options to help everyone become the owner of a high-quality, reliable car, truck, van, or SUV. This includes our vehicle financing Fresh Start Program, which is available to anyone who needs a second chance at auto financing.
What Is the Fresh Start Program?
The Fresh Start Program is specifically for buyers who need a car loan but may have trouble getting traditional financing for one reason or another. It helps you navigate the criteria that banks and dealerships typically require for a loan. This program can provide alternative options for applying for a loan with a little more flexibility than a standard car loan offers. We make it possible for anyone in Waukee to buy a car through our Fresh Start Program because we know you need a way to get around.
Who Can Benefit From a Fresh Start Program?
Whether you've filed for bankruptcy, gone through a repossession, or missed payments in the past, you can benefit from the vehicle financing Fresh Start Program at Stivers Ford Waukee. This program is for anyone who has bad credit and can't qualify for a bank loan or dealership financing. If you haven't established a credit history yet, the Fresh Start Program will help you build credit so you can get a loan in the future. We also work with you regardless of your income or how long you've had your job.
Advantages of a Fresh Start Program
Using a Fresh Start Program for your auto financing has several benefits, which we explain for you below.
Overcoming Bad Credit or Bankruptcy
Having bad credit or a bankruptcy in your past can mar your credit score and make getting a traditional car loan impossible. But with our Fresh Start Program, we provide a way for you to rebuild your credit and overcome bankruptcy issues. This type of financing gives you a chance to put your financial struggles behind you by giving you a way to start over.
Improving Credit Scores Over Time
As you continue to make prompt payments on your Fresh Start financing, you'll improve your credit score. This will make it easier for you to get an auto loan in the future or refinance your current loan for better rates and terms. While the exact increase to your credit score depends on your overall financial situation and history, a Fresh Start loan program is a fantastic way to boost your credit and repair your previous financial mistakes.
Access to a Wider Range of Vehicles
Often, when you have bad credit, no credit, or a challenging financial situation, you don't have many options for buying a car. You may find yourself stuck looking for a deal through a third party, which has its own set of problems. For example, you won't have any guarantees that the vehicle is in solid working condition, and once you buy, you usually can't return the vehicle. Getting approved for a Fresh Start auto loan isn't just a simple process, but it also gives you access to a wide range of vehicles.
How To Apply for a Fresh Start Vehicle Financing Program
Applying for our Fresh Start vehicle financing program is quick and easy. Use this guide to learn how to apply, what you need for the application, and tips to ensure you get approved.
Step-by-Step Application Process
You can start the application process for a Fresh Start loan at Stivers Ford Waukee by filling out our online loan application. This will ask you for some simple information that we need to get you approved. You'll have to fill in your details, such as your full name, contact information, and employment information. If you're new to your job, don't worry. Our goal is to help you get a car no matter what.
After you submit your application, we'll let you know if you're preapproved. With your preapproval, you'll get an estimate for how much you can borrow and what you can afford to spend on your monthly car payment. Then, you can start shopping for a car that fits your budget.
Documents Required for Your Application
Before you apply for a loan, you'll want to gather the documentation you need to speed up the process. Here's a list of documents you should have:
- Proof of income, such as pay stubs or bank statements
- Proof of residence, such as a bill or rent payment
- Valid driver's license or other government-issued photo ID
- Current car insurance is required to finalize your loan
- Current phone bill to ensure lenders can contact you
Tips To Increase Approval Odds
Although your odds of approval for our Fresh Start car-buying program are high, there are a few things you can do to improve your chances:
- Increase your credit score by contacting lenders to get mistakes removed.
- Make debt payments on time every month before you decide to buy a car.
- Save money so you can make a larger down payment.
- Search for deals and incentives that can help you purchase a car for less.
Get Approved at Stivers Ford Waukee
No matter your credit history or the financial challenges you face, you can get approved for a car loan with our Fresh Start Program. We strive to make car ownership a reality for everyone in Waukee, and our Fresh Start loans are just one way we try to help those struggling in our community. At Stivers Ford Waukee, you can find an affordable car, truck, or SUV that meets your needs. Contact us today to learn more about this car loan program so you can start driving a car you love.
