Please contact us immediately if you have any questions related to financing. Call 888-791-4640.
Dealership financing is obtaining financing through the dealership with the finance contract assigned to a bank. This process delivers you ultimate convenience, affordability, and value.
Name, Social Security number, driver’s license number and state, date of birth, current and previous residence address(es) and length of time at residence(s), current and previous employment(s) and length of time at employment(s), current and previous job occupation(s), sources of income, and total gross (before tax) monthly income.
Once you submit your application online, Law Motors finance professionals will process your credit report. Our goal is to return a phone call within two-hours of your submission during office open-hours. Once you have been notified verbally, your application will be forwarded to a financial institution.
We pull one credit report from each credit bureau; Equifax, Transunion, and Experian. We will then communicate with you before we forward your credit application to our banks. Once a bank receives your credit application, additional credit reports will be ran.
You can get your own free copy of your credit report from annualcreditreport.com. We can supply our copy if requested. Additional verification may be required.
Multiple inquires on your credit bureau will impact your score. It is important to make a quick financial decision when shopping for credit. Extending your credit shopping over a period of weeks, months, or years will impact your score extensively.
Not necessarily. Down-payment increases equity value in the vehicle or allows more vehicle on a budgeted payment. Competitive financing occures when enough equity is established in a loan. Best practice suggests investing 20% down-payment. If you are applying for a loan with less than a 20% down-payment, it is a good idea to add GAP Insurance with the loan.