What Does Guaranteed Car Financing Mean?

Couple Calculating Finances

Guaranteed auto financing is financing that doesn’t require a credit check. Rather than performing a credit check, in-house financing dealers will look at your income to see what your financing options are. For drivers in the Oro Valley area with bad credit, or for those who have yet to establish credit, this may be a great option when you are in need of a vehicle. Learn more about guaranteed car finance dealers in addition to other auto finance tips with Suntrup Automotive Group.


Does In-House Financing Help Build Credit?

The answer to this question is “yes!” In most cases, in-house financing dealerships report payments to major credit bureaus. If you consistently make all of your payments on time, you can boost your credit score over time. With guaranteed car financing, you can have a safe and reliable vehicle while simultaneously improving your credit history.

Bad Credit Loans vs. Guaranteed Financing

When it comes to bad credit loans, there are a few different options. Some dealerships let Tucson car buyers make payments to them instead of to the lender, having little effect on their credit. In other situations, a driver could be approved for a loan through a lender, but their monthly payments and APR will be higher. To qualify for guaranteed financing, the following criteria must be met:

  • You must have a monthly income of around $1,500 to $2,000 (before taxes).
  • You are required to provide proof of income.
  • You need to make a down payment of 10% of the vehicle’s price.
  • You will need to bring a personal list of references.
Couple getting keys to car

Suntrup Automotive Group Makes Financing Hassle-Free

Looking for “guaranteed car financing near me?” Suntrup Automotive Group would be glad to assist you. We would be happy to walk you through the entire financing process to help you find a vehicle you’ll love that falls within your budget. Contact us today with any questions you may have.


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5926 S. Lindbergh Blvd • St. Louis, MO 63123

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Suntrup Automotive Group 38.5214964, -90.3451239.