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Key Auto Finance - A Division of Jim Williams Leasing Limited.

FREQUENTLY ASKED QUESTIONS

What is the cost? - Answer
There is no cost to fill out an application and our service is completely free. We only earn a commission if you are approved and purchase a vehicle.  There is no risk or cost to you if you do not proceed with the purchase.
What if I have really bad credit?
Sometimes things happen in life that affects our credit in a negative way.  Every person and every story is unique and we respect that.  If your credit is at the point where we cannot get you approved, we will tell you what you need to do in order to get approved, but we do have a very high approval rate.
What do you do with my application?
When we receive your application we review it and anticipate which lender is most likely to extend you credit in your personal situation.  Before we pull any credit report we will contact you personally to discuss your situation.
I have been tuned down before...
If you have been turned down before do not despair.  We may have lenders that will deal with your situation.  In every case, we will guide you and explain what you need to do to get approved.
Will this affect my credit rating?
Every time you apply for credit or a loan it affects your credit rating.  The way we protect your credit rating is not sending your application to multiple lenders.
We will carefully review your application and contact you directly for an accurate description of your situation before we contact any lenders.  We will match you with the appropriate lender and ask for your permission to pull a credit report.

Privacy / Personal information 
We do not share your personal information with anybody without your consent.  We are not in the business of selling or sharing your personal information with any other firm or entity.
 
How much will I qualify for?
Once you send in your credit application we can determine what amount you can qualify for and whether you need any special conditions like a down payment or co-signer.

How much down payment will I need?
That will depend on what you would like your payment to be and the status of your credit history. The more money down the less your payment will be and the easier it will be to arrange financing for you. 

Can I use my trade for a down payment?
Yes you can. Your trade is worth something no matter what condition it is in. The difference in its value and what you currently owe on it is equity and you can use this as a down payment. Our associated dealerships have experienced wholesale appraisers and buyers that will set the price on your trade in. 

What type of car can I purchase?
That will depend on what amount the financial institution approves you for. Our dealerships sell new and used cars, trucks, mini-vans and sport utilities. 

What are the minimum qualifications?
There are many variables in determining this. The best thing for you to do is to submit a credit application and we can go from there. You do need a job and be able to substantiate your income and residence.

I've had repossession less than a year ago. Will I still qualify?
In many cases people have been approved with repossessions on their record. 

I've had a bankruptcy. Will I still qualify?
In many cases people have been qualified for financing with a bankruptcy on their record. 

I'm currently not yet discharged from my bankruptcy. Will I still qualify?
In many cases people have been qualified for financing even though they have not yet been discharged. 

I've never had credit before. Will I still qualify?
In many cases people have been qualified for financing even though they have not yet established any credit. In some cases you might qualify for a Graduate Rebate.

Will Co-signers help?
Yes cosigners can definitely help get a loan approved and lower the interest rate. 

What are the monthly payments?
Your monthly payment will depend on many different factors. Price of car, interest rate, length of loan, how much money is put down, etc... 

What are the interest rates?
We do not determine the interest rate. The financial institution will determine that when a credit application has been submitted and approved. Our interest rates vary from new vehicle manufacturer sub vented rates as low as 0% to a high of 29% for severe credit challenged individuals. The choice of vehicle can also determine the rate.