AUTO FINANCE IN LINCOLN NEBRASKA

The amount of down payment you need to buy a car can vary depending on several factors, including the price of the car, the interest rate on your loan, and your credit history.

As a general rule of thumb, it’s recommended to put down at least 20% of the total cost of the car as a down payment. This can help lower your monthly payments and reduce the overall amount of interest you’ll pay over the life of the loan.

However, some lenders may require a lower or higher down payment depending on your individual circumstances. It’s important to shop around and compare offers from different lenders to find the one that works best for you.

Additionally, if you have a trade-in vehicle, its value can be applied towards the down payment of the new car.

There are several ways to check your credit score before applying for a car loan or financing:

Check with your bank or credit card issuer: Many banks and credit card companies offer free credit score monitoring services to their customers. Check with your bank or credit card issuer to see if they provide this service.

Use a free credit score website: There are several websites that offer free credit score monitoring services, such as Credit Karma, Credit Sesame, and WalletHub. These websites can give you an estimate of your credit score, but keep in mind that they may not be as accurate as the score provided by a credit bureau.

Purchase a credit report: You can purchase a credit report from one of the three major credit bureaus (Equifax, Experian, or TransUnion) for a fee. This report will include your credit score and a detailed report of your credit history.

Regardless of how you check your credit score, it’s important to review your credit report for accuracy and dispute any errors that you find. A higher credit score can help you secure better loan terms and interest rates when applying for car loans or financing.

We work with several banks and credit unions and our goal is to find the best terms and rates for every customer. 

With our online pre-approval process, you can work your own deal without using your social security number and with no inquiries on your credit report. Go to our website for more details.

As a general rule, you should review your credit report on a regular basis to ensure that all of the information is accurate and up to date. Some specific issues to look for when reviewing your credit report include:

Errors in personal information: Check to make sure that your name, address, and other personal information is correct. Errors in this information can lead to problems in the future.

Inaccurate account information: Check to make sure that all of the accounts listed on your credit report are accurate and belong to you. If you see any accounts that you don’t recognize, it could be a sign of identity theft.

Incorrect balance or credit limit: Check to make sure that the balances and credit limits listed on your accounts are correct. If they are not, it could negatively impact your credit score.

Late payments or missed payments: Check to make sure that all of your payments have been made on time. Late or missed payments can negatively impact your credit score.

Negative information that should have been removed: Check to make sure that any negative information that should have been removed from your credit report has been removed. For example, bankruptcies and foreclosures should be removed after a certain period of time.

If you notice any errors or issues on your credit report, you should contact the credit reporting agency as soon as possible to dispute the information and have it corrected.

No, and here’s why. When you finance with a Buy Here Pay Here dealer they rarely report your payments to the credit bureaus. This doesn’t give you a chance to improve your credit and have better options in the future for better credit and car buying options.

The good news is that our lenders will give you the opportunity to improve your credit with your on-time payments. We do have lenders who can help you no matter what your credit situation is.

A good credit score typically ranges from 670 to 739, based on the FICO credit scoring model.

However, the exact range may vary slightly depending on the specific credit scoring model used. Generally, a higher credit score indicates that a person has a strong credit history and is more likely to be approved for loans, credit cards, and other financial products with favorable terms and interest rates.

A score above 800 is considered excellent, while scores below 580 are considered poor. It’s important to note that credit score ranges and criteria can differ across different countries and regions.

We have lenders who will work with almost any type of credit. Whether it is good credit or bad credit. 

Our goal is to find the best terms and rates for every customer. That is why we work with several banks and credit unions. 

To get approved just go to our website and you can apply online. It’s easy and fast.

We do not actively buy salvage or branded titles. You may find some vehicles with some hail damage that may have a salvage title.  But we have found these to be great values for a customer.

We do not buy cars that have been in a major collision or have had the airbags deployed. The other vehicles we stay away from are flood cars, these can have problems show up years later. 

We always give you free access to the CarFax report so you can see the history of the vehicle.

Credit scores are generated by credit reporting agencies such as Experian, Equifax, and TransUnion. These agencies gather data on your credit history, including information about your credit cards, loans, and payment history.

Using this information, the credit reporting agencies calculate your credit score, which is a numerical representation of your creditworthiness. The most commonly used credit score is the FICO score, which ranges from 300 to 850.

Factors that can impact your credit score include your payment history, the amount of debt you owe, the length of your credit history, the types of credit you have, and how often you apply for new credit. The higher your credit score, the more likely you are to be approved for loans and credit cards with favorable terms and lower interest rates.

Improving your credit score takes time and effort, but there are some steps you can take to start improving it:

Check your credit report: Request a free copy of your credit report from each of the three credit bureaus (Equifax, Experian, and TransUnion) and review them for errors or inaccuracies. Dispute any errors you find and have them corrected.

Pay bills on time: Payment history is a major factor in determining your credit score, so make sure you pay all of your bills on time. Late payments can stay on your credit report for up to seven years.

Reduce your credit utilization: Try to keep your credit utilization ratio below 30%. This means you should not use more than 30% of your available credit. High credit utilization can negatively impact your credit score.

Increase your credit limit: If you have a good payment history, you may be able to increase your credit limit. This can help lower your credit utilization ratio and improve your credit score.

Keep old credit accounts open: The length of your credit history is another factor that affects your credit score. Keeping old credit accounts open, even if you don’t use them, can help increase the length of your credit history.

Limit credit applications: Every time you apply for credit, it can lower your credit score. Limit the number of credit applications you make.

Remember, improving your credit score takes time and effort. Be patient and consistent in your efforts to improve your credit score.

Yes, every vehicle has a link to a free CarFax report on its display page. We like to be transparent and make it easy for you to decide if our vehicle is the perfect one for you.

If you have noticed errors on your credit report, you should take immediate steps to fix them as they can impact your credit score and ability to obtain loans or credit in the future. Here are the steps you can take to correct errors on your credit report:

First, obtain a copy of your credit report: You can get a free copy of your credit report from each of the three credit reporting agencies (Equifax, Experian, and TransUnion) once a year. You can also request a copy if you have been denied credit or if you are unemployed and plan to apply for a job in the next 60 days.

Second, review your credit report for errors: Check your credit report carefully for any errors, such as incorrect personal information, accounts that don’t belong to you, late payments that you made on time, or accounts that have been closed but are still reported as open.

Third, dispute errors with the credit reporting agencies: If you find an error, you can dispute it with the credit reporting agency that issued the report. You can do this by writing a letter that explains the error and includes any supporting documentation, such as receipts or canceled checks. You should also send a copy of the letter and supporting documentation to the creditor or lender that provided the information to the credit reporting agency.

Later, follow up on your dispute: The credit reporting agency has 30 days to investigate your dispute and respond to you. If the agency finds that the information is incorrect, it must correct your credit report. If the agency does not agree with your dispute, you can add a statement to your credit report explaining your side of the story.

Finally, monitor your credit report: Check your credit report regularly to make sure that the errors have been corrected and to ensure that no new errors have appeared.

By following these steps, you can correct errors on your credit report and maintain a good credit score.

You can visit us in person at 1235 West O Street, Lincoln NE 68528. With the magic of the Internet, we can come to you. We do facetime walkarounds and demos. We can also ship vehicles around the country.

We ship vehicles around the country. With our software program, we can shop for the best shipping rates to save you time and money.

Most of our inventory qualifies for a 3-month, 3,000-mile limited warranty included. Unless otherwise noted or stated. 

We like to call it our Peace of Mind Buying Experience. The last thing you want when you purchase a used car is to turn around and have an expensive repair on your new purchase. That is why we cover the major items like your engine, powertrain, and transmission for the first 3 months and 3,000 miles. 

The best part is this is included in our low PricedRite prices.