Who Should Apply at Demeyere Chrysler?
Our auto loan service is for anyone looking to purchase a new or used vehicle, regardless of credit history. If you have good credit, slow credit, no credit history, or you need a second chance loan, we will do our best to get you pre-approved for a Certified pre-owned  or brand new vehicle at a very competitive price and finance rate.

Am I Eligible if I have really bad credit?
We understand and respect your situation. Life is unpredictable. Sometimes events beyond your control have a negative impact on your credit. Our goal is to repair your credit and get you back on the road. Don't give up,even if you have been refused elsewhere. We may have lenders to accommodate you. Talk to us. We will explain what needs to be done for you to get approved for an auto loan. 

How do I Qualify for an auto loan? 
To qualify, you must have a job, residence stability of at least 4 months, you must have sufficient revenue to cover your monthly payments:a minimal monthly income of $1800.00 and have no late payments currently pending with other creditors. 

How long does it take to get approval?
When your auto loan is pre-approved the lender may require pay stubs for proof of employment. Once proof of employment is established all that remains is to finalize the details at the dealership. Some applications may take a little longer, but we typically complete the approval process in 24 hours. 

How are auto loan interest rates calculated?
Our lenders determine interest rates, influenced by a number of factors- including the age of the vehicle, severity of credit  difficulties, your employment stability and degree of credit risk. When our auto loan expert contacts you ,they will explain these factors, and tell you what your interest rate will be. 

Does an auto loan help repair my credit?
Yes it does. Major lenders report your monthly payments to the credit bureaus. We use these lenders. When other lending institutions check with the Credit Bureau to verify your credit rating they give close consideration to an auto loan. (Note:Buying your vehicle from a buy-and-pay-here lot, "in-house" lender or a credit union that doesn't report to a credit reporting agency , does nothing to help repair your credit record.)  

If I have a private insurance policy do i need to purchase Creditor Insurance?
While creditor insurance is not mandatory, purchasing it protects you and your family, leaving your private policy intact to take care of other obligations. For most people, a vehicle loan is their largest expense , second only to their mortgage. You wouldn't carry a mortgage without coverage, you shouldn't carry a vehicle loan without it either. Please see our CREDITOR INSURANCE tab under the finance section for more information. 

I have a great policy through work, If I have an accident or get sick, won't it cover me? 
By law, a person can only earn a maximum of two thirds of their income while on disability, and many workplace policies only cover injuries that occur at work.Creditor Insurance is in effect 365 days a year, 24 hours a day ,7 days a week,anywhere you are. Save yourself the stress of trying to pay all your bills, and your car payment on a reduced income with Creditor Insurance.