Qualifications for Financing

How Do I Qualify for a Loan?

Q: Do I need a job?

A: Yes, You do need to be working full time (at least 34 hours per week) for at least 6 months at your present job and earning a minimum verifiable income of $1,200 per month.

Q: Do I need a copy of a phone or utility bill?

A: Yes, You do need to have a land line or contractual cell phone in your own name showing a current account balance and present address. In some cases, a copy of an immediate family members' phone bill is also acceptable. A copy of utility bills in your name showing a current account balance to verify your residence are also required.

Q: What if I have recently moved?

A: Yes, You will need to verify current residence of at least 6 months. If you have recently moved, a letter from your previous landlord or Mortgage company verifying residence history are also acceptable.

Q: Do I need any money down?

A: Based on your income, job and residency history, the vehicle price, current debt load and past debt history, you may qualify for a no money down loan with only tax and plates due up front.

Q: What if I have filed bankruptcy?

A: No problem. As long as you have been discharged and have your papers we will help you get a fresh start and get you back on the road in as little as 24 hours.

Q: I am retired or disabled and not currently working, can I still ge a loan?

A: As long as you can verify your SSI, NYS disability, pension, 401k, social services, NYS department of labor, retirement disbursement, court-ordered compensation-settlement disbursement, or any other types of Government or non-Government award or retirement income you can still qualify.

Q: What else do I need to get my car and loan from JB Auto Sales?

A: An active checking, savings, or credit union account to setup direct deposit/direct debit payment program may be required, and you will need to maintain full insurance coverage on your vehicle during the terms of the loan. You will need to notify JB of any change of address, employment, or income throughout the terms of the loan. Other then that, you just need to pick out your next vehicle!