The amount of your down payment is determined by the bank giving you the loan. It’s different for every customer, and depends on several factors, such as credit history, length of employment, and the kind of vehicle you wish to drive. Here at Hometown Auto will work with you to find the right vehicle, at the right down payment, and the right monthly payment for YOU!
No problem. We take trades, whether they are running or not. We will appraise the trade value of your vehicle and apply that towards your down payment. Often, we have customers whose trade in is worth enough that they don’t need any additional cash to get the vehicle they want.
Yes! There is a form for us to fill out called a “Permission to incur debt”. After it’s filled out, you need to get your attorney to have it signed by the Trustee. The Trustee will sign it in most cases, and you will be good to go.
That will depend on several different factors, such as what vehicle you want, how much your down payment is, the length of the loan, the interest rate, etc. We will work with you, so that you can get the monthly payment that best fits your budget.
As long as you can prove you make over $600 per month, you will not need a co-signer. However, in some cases, having one may reduce the down payment required by the bank, and the monthly payment may be lower.