Titan Auto Sales is not "Buy Here Pay Here". You finance through bank/lender.

100% Guarantee Credit Approval.

 

Financing a vehicle is not black and white. Down payment and monthly payment vary based on the situation of each customer.

 

Down payment & monthly payment depending on the bank once approved. The banks we deal with accept any credit as long as the customer has income.

 

Generally, all our vehicles are financed for less than $300/mo. That is our target market. 

It is All About Risk. No Credit, Bad Credit, All are approved

The buyer who has 480 credit score is high risk than who has 650 credit score.

The buyer who is working for two months is high risk than who is working for five years in the current job.

The buyer who pays 10% of the vehicle as down payment is high risk than who pays 25%.

The buyer who just moved in is high risk than who lives at the same address for four years.

There are many other things such as gross income, the amount of debt, recent repo, bankruptcy, etc. 

 

No matter is your situation you will get approval but how much your down payment and your monthly payment that we don't know unless you apply for Auto Loan.

The table below shows the approx. down payment and the monthly payment of each price range for who has a bad credit. Good credit in most cases is ZERO down.

Vehicle Price

Down Payment (Approx.)

Monthly Payment (Approx.)

Minimum Monthly Gross Income

Less than $4,000

Approx: $1,000 or Less

include Tax, & other fees)

Approx: $100 to $150/Mo. Minimum $600/Mo.
$4,000 to 6,000

Approx: $1,000 to $1,500

(include Tax, & other fees)

Approx: $150 to $220/Mo. $600 to $900/Mo.
$6,000 to 8,000

Approx: $1,000 to $2,000

(include Tax, & other fees)

Approx: $200 to $300/Mo. $800 to $1,200/Mo.
$8,000 to 10,000

Approx: $1,500 to $2,000

(include Tax, & other fees)

Approx: $200 to $300/Mo. $800 to $1,200/Mo.
$10,000 to 12,000

Approx: $1,500 to $2,500

(include Tax, & other fees)

Approx: $300 to $350/Mo. $1,200 to $1,400/Mo.
Over $12,000 Based on income Based of income Over $1,400/Mo.
THESE FIGURES INCLUDE TAX, TITLE, REGISTRATION, FEES, and GAP INSURANCE.

THESE FIGURES ARE APPROXIMATELY.

We must see your trade-in to appraise it. Absolutely, we don't appraise it over the phone, the internet, or by pictures.

 

If your trade-in meets our inventory category, we will pay you the NADA average trade-in value minus any cost to recondition or fix it in order to sell it to our customers and stand behind it.

 

If your trade-in doesn't meet our inventory category, we will pay you the wholesale price minus any expenses to sell it in the auction such as transportation, auction fee, etc.

 

If your trade-in is junk, not running, or cost more than it worth to fix it, we will pay you the junkyard price.

 

Note: We only trade cars and trucks. Other types of vehicles we don't trade such as bikes, ATVs, or any other recreational vehicles.

These are the answers to the most common questions that were asked by the customers who plan to finance a vehicle.

How much my down payment should be?

Every customer scores differently depending on his income, job history, residency history, etc. The credit score is not an issue; bad credit, no credit, and bankruptcy all are approved.

The down payment amount is calculated based on the listed price of the vehicle and your income. The lenders always review your income then determine how much they can let you borrow according to your income. This means the affordability or how much you able to pay every month for your car payment comfortably. The difference will be your down payment.

 

The monthly car payment can't exceed 25% of monthly gross income. 

 

Example: Let say selling price is $8,000

Customer (A) makes $3000/mo. He can finance it for $1000 down and $250/mo.

Customer (B) makes $1800/mo. He can finance it for $2000 down and $200/mo.

 

Generally, in order to get a decent deal, you should pay 10% of the listed price as a down payment.

How much the monthly payment?

The monthly payment amount varies based on income, job history, the term of the loan, and the amount of the down payment. The higher down payment significantly reduces the monthly payment.

Do you take trade-in? How much is my trade-in worth?

Yes, we take trade-ins but not over the phone, Facebook, or email. We must see the vehicle in order to appraise it accurately. Keep in mind that if your vehicle needs repairs that cost more than what we can sell it for, it isn't worth it to us. As long as we can fix it and resell it to our customers, we will give a fair offer.

 

Your trade-in must have a clean title and to be fixable with reasonable cost. If you trade-in doesn't meet both, we will pay you what the junk yard will pay you. 

 

Sorry, we don't sell unreliable vehicles to our customers to maintain our reputation.

What type of income is acceptable?

We finance all types of income W2, self-employed, unemployment, temp, tips, child support, 1099, DDSI, SSA, etc. Any income you can proof.

What is the minimum required income?

The minimum required gross monthly income is $610 to finance a vehicle. Otherwise, you will need a cosigner who has an income to reach the minimum required.

Generally, income should be adequate with the monthly payment.

 

Example: You can't finance $10,000 car with $1,000 income unless you pay $4,000 down  

Is my loan reported to the credit bureau?

Yes, your loan is reported to the credit bureau. You will sign a "Retail Installment Contract". You will be able to establish or reestablish your credit by making your payment in time. With no plenty, you can pay it off anytime or pay an additional payment to the principle.

Is Titan Auto Sales "Buy Here Pay Here" dealer?

No, Titan Auto Sales is not "Buy Here Pay Here". You finance your vehicle through bank/lender no matter what is your credit. No plenty or termination fee for early payoff or any additional payment. No GPS or starter interrupter or any other type of device is installed in your car. No limited mileage or any kind of usage restriction. IT IS YOUR CAR.

How I pay my payment?

You have the options to pay monthly, weekly, Bi-weekly, or twice a month. Also, you can choose the day you would like the payment to be made.

When you sign ACH, the payment will withdraw automatically from your checking/saving account or debit/credit card. Also, you can pay online or by your smartphone.

Can I negotiate the price over the phone?

We don't negotiate the price over the phone or internet because you didn't see the vehicle or even listen to it running. Honestly, this is the worse way to shop for a used vehicle. However, everything is negotiable, but the best offer you can get is when you come to see the vehicle with money in your hand. This concept applies to any business.

Can I get tag & plate on the site?

All paperwork in house. Tax, tax, registration, and license plate.

The chart below shows the approx. down payment you should pay compared to the price of the vehicle in order to get a decent monthly payment. These figures are approx. and vary based on your credit

If you still have any question, please feel free to call us @ (570)542-5551

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