Here are some frequently asked questions from our customers:

 Will I need a down payment? If so, How much?

All buyers are different. We are often able to help people get an auto loan with little or $0 down. With our Guaranteed Credit Approval program, the minimum down payment required is 10%, and depending on the vehicle you want to buy, it could take more than that to make the loan work.

We want to help you purchase a vehicle with as little money down as possible. We do have loan programs that will allow us to offer loans to people with open bankruptcies WITHOUT a down payment. Often, the lowest down payment options are not on a vehicle that would be your first choice. As the buyer you'll need to decide where your priorities lay. Is it to buy the vehicle of your dreams, no matter the down payment? Is it to buy a reliable vehicle with not much money down and a low monthly payment? Figuring out the answers to those questions will help you determine which loan program will work best for you.

 What will my interest rate be?

There are lots of variables that go into determining your auto loan intrest rate. Including but not limited to: your desired vehicle's year, make and model, your credit score, the length of your loan, the amount of money you're putting down on the vehicle, and more. Auto loan interest rates change daily. Lenders are constantly modifying their guidelines to keep in like with the current economic conditions that customers face.

 Do I have to prove my income?

If you have PERFECT CREDIT (750+ scores and have had significant loans before) than you may not be required to prove your income for an auto loan. However, people with average credit (620-700) will almost always need to prove their income. Have a below average score? You can bet on having to show proof of income. You should bring your pay stubs with you to the dealership.

Are you self employed or find it tough to prove your income? We can help you. Most self employed individuals write off as much income as possible to avoid paying taxes. That's none of our business. We don't care about it until it's time to prove income. At Tacoma Car Credit we have lenders that will look at your bank statements and add up your monthly deposits to prove your income.

Don't have a bank account? Get one. If you can show 2 months of decent deposits, we may be able to use that as proof of income. If there is some reason you can't get a back account or just don't want to get one, try to get us cancelled check copies from people who pay you. If you only get paid with cash, we have other options that can help. Contact us and we'll start working with you on getting you approved.

 Do I have to prove my income?

If you have PERFECT CREDIT (750+ scores and have had significant loans before) than you may not be required to prove your income for an auto loan. However, people with average credit (620-700) will almost always need to prove their income. Have a below average score? You can bet on having to show proof of income. You should bring your pay stubs with you to the dealership.

Are you self employed or find it tough to prove your income? We can help you. Most self employed individuals write off as much income as possible to avoid paying taxes. That's none of our business. We don't care about it until it's time to prove income. At Tacoma Car Credit we have lenders that will look at your bank statements and add up your monthly deposits to prove your income.

Don't have a bank account? Get one. If you can show 2 months of decent deposits, we may be able to use that as proof of income. If there is some reason you can't get a back account or just don't want to get one, try to get us cancelled check copies from people who pay you. If you only get paid with cash, we have other options that can help. Contact us and we'll start working with you on getting you approved.

 Where is Tacoma Car Credit located?

Tacoma Car Credit is located at 12910 Pacific Ave. S., Tacoma, WA 98444. We are located on the corner of 129th and Pacific Ave S. View an interactive map and get directions here.

 What kind of cars can Tacoma Car Credit help me buy?

The dealerships we work with have many different makes and models to choose from. View our preferred inventory. We help people like you purchase Ford, Chevy, Volvo, Dodge, Jeep, Lincoln, Mazda, Hyundai, Honda, Subaru, Toyota, Hummer, Cadillac, Kia, Chrysler, Scion and other popular makes. The thing to remember is that when you work with Tacoma Car Credit, we will only show you the vehicles that you qualify for. Why waste your time looking at vehicles that you can't even buy? We will help save you time and frustration.

 I have really bad credit. Can you help me get a car?

If you're willing to come meet us in person and discuss your situation, we can help you. The only way to find out exactly what kind of vehicle you qualify for is to apply. However, if you call us we would be more than happy to discuss your questions or concerns. Tacoma Car Credit works to help people with ALL credit types get approved for an auto loan. Many of the customers we work with have been through Bankruptcy, repossession, divorce, charge-offs, collections and judgments. We even help first time buyers get approved. Get pre-approved online and see your credit score instantly.

 Can Tacoma Car Credit help me buy a vehicle I already found or refinance my current vehicle?

Most lenders that work with bad credit car loans do not do private party car loans or "open check" auto loans or refinance auto loans. Tacoma Car Credit partners with auto dealers who have legal agreements with auto finance lenders so that the loans found for you are only good to buy a car from one of those dealerships. Our staff will work with you to make sure you are getting a good vehicle and a good loan. We want to help you rebuild your credit. We make sure our bad credit car loans are set up to make you successful and not fail.

 Can Tacoma Car Credit help me buy a vehicle I already found or refinance my current vehicle?

Most lenders that work with bad credit car loans do not do private party car loans or "open check" auto loans or refinance auto loans. Tacoma Car Credit partners with auto dealers who have legal agreements with auto finance lenders so that the loans found for you are only good to buy a car from one of those dealerships. Our staff will work with you to make sure you are getting a good vehicle and a good loan. We want to help you rebuild your credit. We make sure our bad credit car loans are set up to make you successful and not fail.

 If I am approved, why can't I buy the car I want?

At Tacoma Car Credit we help people with bad credit get approved for an auto loan and buy a car through one of our approved auto dealers. If you have good credit, you can pretty much buy whatever vehicle you want. If you have bad credit, your options are usually a little limited by the lender.

Tacoma Car credit has Guaranteed Credit Approval, a program designed especially for people with poor credit or hard to prove income. This program is available to all applicants, even if you are considered high risk. We can base the loan largely on the vehicle, you, and your down payment, term, etc. We will need to prove your income and residence, to show the lender how large of a payment you can afford where the car will be parked. While we may not be able to get you into that Lexus you had your eye on, we can help you get approved for a vehicle that you can afford, and help you rebuild your credit so someday you'll be able to get that Lexus.

If you want help, all you have to do is apply now or give us a call. We can show you all of the vehicle that will work with an auto loan that you can obtain. It saves you time looking at only vehicles you can get approved for.

 Why do auto lenders ask for references?

There is a direct correlation between the number of references a lender collects vs. the reliability of the borrower making repayment. When you are late making an auto payment the first thing a lender does is call you. Then they start calling the friends and family you listed as references. If the loan is a couple months late they start driving by your house and your references houses looking for you or their car so they can repossess it. If you provide more people as references, they have more places to look which in turn provides them less risk in lending you the money.

People who provide references usually are more likely to pay their auto loans because they care about what their friends and family think about their credit. Think about it, if you know that your family will be called by a lender when you're late on your payments, would you be more likely to make your payments on time?

A Person with good credit can usually get away with 2 references and only the name and phone number for each reference. If you have poor or bad credit, lenders may ask for 6-10 references. Complete with physical address and phone number.

 I bought a vehicle but now I've changed my mind. What can I do?

In the state of Washington, and most other states, there is no "Cooling Off" period for byers that may encounter buyers remorse. BUT.... there are a couple ways to get out of the vehicle.

1. Trade the vehicle in. While you will not get what you paid, sometimes this is the only way out of a car you don't want. Trading will give you a chance to buy a vehicle you like better, and the dealer you bought the car from will probably give you more than any other dealer, because they will not need to inspect the car as thoroughly if you just bought it from them.

2. The dealer can be nice and let you out of the contract. This doesn't happen often. Sometimes, under extenuating circumstances, like death or illness, it can happen. It needs to happen ASAP because once the new loan is funded, you are done.

3. You may get lucky and the dealer cannot get the loan financed. If the dealer can't get the loan as contracted and needs to have you resign the contract at different terms, or requires you come up with a down payment, you do not have to sign the new contract and can undo your deal. This is not a good solution because it means you have bad credit and could not get financed.

4. The dealer may let you out of the deal if if you agree to purchase a different vehicle. Usually the dealer will make you purchase the second vehicle before they will let you out of the original deal. You get a different car, and the dealership gets to keep their customer. This is usually the best solution because it's a win-win for both parties.

Have more questions? Contact us or give us a call at (253) 358-2900.