FAQ
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What does AutoCheck Score mean? A vehicle's AutoCheck Score is based on information in Experian's AutoCheck® vehicle history report specific to that vehicle's VIN (vehicle identification number). The AutoCheck Score rates a vehicle's history compared with all used vehicles on the road (after 1981, when VINs were standardized) and provides a comparison to vehicles of similar model year and vehicle class. This consolidation of the AutoCheck vehicle history data into an easy-to-understand score helps consumers make more informed purchase decisions and helps dealers better explain vehicle history events to their customers. What factors impact the AutoCheck Score? There are a number of determinants, including:
Not necessarily. For instance, a score of 35 could be reflective of the age, mileage and other factors associated with that vehicle, but when compared with similar vehicles it may score within, or even above, the range (i.e., the score range could be 24 to 33). You should always compare the vehicle with the score range to get a relative comparison. Do you offer a warranty? How BAD can my credit be? It can be pretty messed up with repos, medical bills, late payments, and past bankruptcy are all no problem. We will need to see a turning point. If you have an active bankruptcy, you can be approved as soon as you get your discharge papers. Do you help first time buyers with NO credit? Yes. How much money do I need to make? Our minimum is $7.50 an hour or $1,290 gross per month. Credit worthiness is more about controlling expenses and credit integrity than earning higher income. How long must I be on my job? There is no minimum requirement; but a more stable the job history is better. How much are payments going to be? Payments can be as low as $150 a month, but usually they are around $200 to $300. Do you report to the credit bureau? No, we do not report direct, but poor payment history gets reported by the court system. If I'm approved, can I drive off the lot today? Yes. Do I have to get car insurance? Yes. You must follow the insurance laws of the state where the vehicle will be registered. If you have an auto loan with Kadlak Motors, you must maintain comprehensive insurance with a maximum $500 deductible. Do you pull vehicle history reports? Yes, we use Auto Check which pulls a full vehicle history report. The Buyer should pull their own vehicle history report as well. Do you take trade-ins? Yes. Do I need to have a home phone? No. Where are you located? 261 Frederick St.; Hagerstown, MD 21740 How long will my loan be? We have terms as short as 12 months—it depends on your down payment and monthly payment amount. We like to keep the loan under24 months. |
