Car Mart Financing Explained from Pre-Qualification to Payment

Car Mart financing can be a complex process, but it doesn't have to be overwhelming. To get started, you'll need to pre-qualify for a loan, which can be done online or over the phone in about 2-3 minutes.

Pre-qualification involves providing some basic financial information, such as your income, employment history, and credit score. This will give you an idea of how much you can afford to spend on a car and what your monthly payments might be.

A good credit score can make a big difference in the pre-qualification process, with scores above 700 often resulting in more favorable loan terms. In fact, a study found that 75% of people with good credit were approved for a loan, compared to just 25% with poor credit.

Once you're pre-qualified, you can start shopping for a car and get a more accurate estimate of the total cost, including interest rates and fees.

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Getting pre-qualified for a vehicle at Car-Mart is a straightforward process. You can start by submitting your application online.

Your pre-qualification amount is based on the information you submit in your application. This allows you to get an idea of how much you qualify for without affecting your credit score.

You can also get pre-qualified with no credit hit, which means checking your eligibility won't impact your credit score. This is a great option for those who are concerned about their credit history.

Car-Mart associates are happy to help you with the pre-qualification process if you're unable to complete it online. They'll guide you through the application and answer any questions you may have.

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At Car-Mart, affordability is key to keeping you on the road. We offer affordable vehicles, low-down payments, and flexible payment terms that match your pay schedule.

We'll work with you to customize a down payment amount based on the vehicle you choose, the trade-in amount, and your financing amount. This way, you can drive away in your new car without breaking the bank.

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If you're low on cash, trading in your old vehicle is a great option. We'll even consider trading for just about anything of value, so you can get behind the wheel of a new car today.

We offer a wide range of affordable cars, trucks, and SUVs at various price points. Our friendly associates will sit down with you to discuss your budget and find the perfect vehicle for you.

If unexpected emergencies arise, don't worry – we're here to help. We may modify your payment in the short term to ensure you can stay in your vehicle.

Here are the payment options we offer:

We'll work out a payment plan that fits your needs, so you can drive away in your new car with confidence.

To choose the right vehicle, know what's important to you. Do you need transportation to and from work? Is it a long commute? Do you need extra seating for your friends and family? Do you need a truck?

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Understand your transportation needs and prioritize them. This will help you make an informed decision and choose a vehicle that suits your lifestyle.

Know your budget and prepare a budget so you'll know exactly what you can spend each month. It's helpful to know this information before you come into Car-Mart.

Car-Mart can schedule payments based on when you are paid (weekly, bi-monthly, monthly) so the payment fits your budgeting process. This flexibility can make a big difference in your financial planning.

Understand the ongoing expenses of owning a car, including insurance, fuel, and ongoing maintenance. These costs need to be included in your overall budget.

Get pre-qualified online to save time at the dealership and know the amount you qualify for before you get to Car-Mart. It takes just 5 minutes and won't affect your credit score.

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You can get pre-qualified for your financing amount online, and it's based on the information you submit in your application.

Our Car-Mart associates are happy to help you with the pre-qualification process if you prefer to do it in person at the dealership.

You can pay your car loan in several convenient ways, including recurring payments with Auto Pay, online, by phone, or in person.

Don't miss a payment with Car-Mart's flexible payment options, and you can rest assured you'll never worry about missing a payment.

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