What Does Guaranteed Car Financing Mean?

In-house financing means you work out the lease deal with the car dealership, rather than the bank. The bank is more likely to approve you for an auto loan even if you have bad or no credit. As a result, you get the chance to prove your credit-worthiness by making timely payments. With most reputable dealerships, the finance department will report your payments to major credit bureaus, causing your credit score to go up.

Guaranteed car financing near Bedford is a chance for Cleveland divers to get behind the wheel of a new car and build credit at the same time! If you’re able to make higher monthly payments, you save money and build more credit by choosing to lease instead of buy. You can estimate your monthly loan payments with our online payment calculator.

What is Needed to Apply for Guaranteed Financing?

When you apply for guaranteed financing, you need to prove to the lender that your current financial situation is stable. Bringing the following documentation will significantly raise your chances for approval:

• Proof of employment
• Proof of pre-tax monthly income of about $1,500 to $2,000
• A 10% down payment on the vehicle
• A personal list of references

Find Flexible Car Finance Deals at Mercedes-Benz of Bedford!

If you’re looking for guaranteed car finance dealers near Mayfield, Mercedes-Benz of Bedford is open to all drivers — even if you’re in the process of rebuilding a bad credit score. Contact our finance center to learn more about flexible finance options or chat with a financing expert about ways you can boost your credit score. If you’re ready to apply for financing, get started online today!