Auto Financing at Five Star Ford Stone Mountain
You’ve reached this page because you are about to purchase a car, or you are thinking about buying a car and want more information on the financing process. Well, you’ve come to the right place. Here is some basic information to get you started. Every situation is completely different, and must be assessed on a case-by-case basis. We will address some frequently asked questions here in this finance guide.
What Do Banks Look For?
- Value of Car
- Employment Status
- Terms of Loan
- Credit Score
- Debt to Income Ratio
- Credit History
- Down Payment
One misconception is that all you need is a good credit score. Credit score is one ranking factor, but your credit history and collateral are also part of the application process.
How does Five Star fit in the Process?
At Five Star Ford Stone Mountain, we match you with the lender that best suits your needs and offers the most attractive terms. We make sure we match our customers with the best vendors that fit their needs. We are not the bank, but we pair you with a good one. We're more of a match maker looking out for your best interest by getting you the vehicle you want at the best possible rate. We know what they're looking for, and we're able to find you the best deal possible. We don't take sides; instead, we are here to give you an honest assessment of your options so that you can drive away with a vehicle you love and an affordable monthly payment.
What documents do I need?
- Driver's License
- Social Security Card
- Recent Pay Stub
- Down Payment (Cash, Money Order, or Cashier's Check)
We hope that this has given you some insight into what goes into an auto financing application. You can easily get an estimate by using our Car Loan Calculator tool, which can be found on our website. If you have any further questions please visit our store today!