At TOP SPEED AUTO SALES INC. our amazing team understands there are many factors that come into play when a creditor makes a decision on whether or not to give you a loan for purchasing a vehicle. The four top reasons are: Application Information, Credit History, Down Payment, and Vehicle Selection.

Application Information:

Information you provide such as employment, residence and income information will be used to determine how if at the moment you are able to afford the desired car loan.

Credit History:

While a credit score is a simple shorthand for your creditworthiness, a credit report is a more complete overview of your financial history, and it’s one of the major tools a lender uses in determining whether or not to give you credit.

Down Payment:

The amount of money you are putting toward the vehicle or the total value of your trade. Which will therefore result in a lower finance.

Vehicle Selection:

The year, cost, and the mileage on a vehicle.

Your budget is the most important thing when buying a car and getting approved for finance. This includes how much you make to how much you pay already in bills. Also, having a nice down payment will increase the chance of better rates and monthly payments.

Start Your Application

If you have any questions before proceeding, please feel free to give us a call at (844) 550-0249. We look forward to hearing from you!