CAR CREDIT CENTER
FAQ’S
Q: HOW DOES THE PROGRAM WORK?
A: It’s really quite simple. If credit problems, bankruptcy, or no credit have prevented you from obtaining a vehicle loan. WE CAN HELP!
We do our own financing you pay us directly. YOU BUY HERE AND PAY HERE. We leave your past problems in the past!
Q: HOW CAN I GET APPROVED FOR A VEHICLE?
A: Complete a simple credit application telling us about yourself. This can be done on line, over the phone, or in person at either of our locations.
Our credit department will process the application and get back to you with the results usually within one hour in most cases.
Q: WILL I NEED A DOWN PAYMENT?
A: The majority of our customers qualify for ZERO DOWN PAYMENT on the vehicle of their choice. Sales taxes and registration fees are extra. These are just forwarded to the State and DMV respectively.
Q: WHAT DO I NEED TO TAKE A VEHICLE HOME?
A: 1) Drivers license or state issued photo ID
2) 2 Recent pay stubs from all income earners to verify income
3) Your most recent phone bill and utility bill mailed to your home address to verify the same
4) Your down payment if required
5) If trading a vehicle. The trade title free of any liens.
6) If transferring license plates the plates or at least the plate #
7) Six personal references for each contract signer. Form provided on delivery check list page
Q: I KNOW MY CREDIT IS BAD. WILL THIS CAUSE A PROBLEM OR REQUIRE A COSIGER?
A: NO - our program is specifically designed to deal with credit issues that banks say no to. We don’t use cosigners. Banks ask for them because they don’t believe you’re capable on your own.
Q: DOES EVERYONE QUALIFY FOR YOUR FINANCING?
A: Unfortunately no. There are many factors taken into consideration. But rest assured credit trouble, bankruptcy, or no credit by him or herself is not cause for denial.
Q:WHAT KIND OF LOAN TERMS ARE OFFERED?
A: The loan is set up for 156 weekly payments, which equals a three-year term. Interest rates vary depending on the amount of down payment. They range from 9.9% APR to 18.0% APR which are lower than most credit cards. Payments can be tailored to your pay cycles.
Q: CAN THE DOWN PAYMENT BE INCLUDED IN THE LOAN?
A: No – As stated before most people qualify for no down payment. Taxes and fees are forwarded to the state agencies respectively.
Q: DO THE VEHICLES COME WITH A WARRANTY?
A: YES – Every vehicle we sell is backed with a 6-month or 6000 mile power train warranty. See the details on what’s covered on the warranty page in the Pre-owned inventory section.
Q: WHAT MAKES YOU DIFFERENT FROM OTHER BUY HERE PAY HERE DEALERS?
A: The biggest reason is that we are part of a full service Ford Franchised Dealership – “LES STUMPF FORD”
1) LES STUMPF FORD has been serving the Fox Valley for over 80 Years and has operated the CAR CREDIT CENTER since 1988.
2) With that in mind our philosophy is to help you rebuild your credit and graduate your future purchases to the full line of NEW and PRE-OWNED products
offered at LES STUMPF FORD.
3) Independent and franchised buy here pay here dealers don’t have the ability to do this.
4) We also REWARD you for making your payments on time.
AS PART OF LES STUMPF FORD WE WANT YOU AS CUSTOMERS FOR LIFE!
