Used Cars Phoenix Bad Credit | Bad Credit Auto Loans Phoenix

Our Goal
We specialize in Sub-Prime Financing. This type of financing is typically for customers who cannot get approved through a major bank or financial institution. Some customers that may be categorized in this area may have had a recent bankruptcy, foreclosure, repossession or bad to no credit.

At Jaber's Truck and Auto Sales, we offer Guaranteed Credit Approval for every customer in almost any type of situation. Regardless of bankruptcies, foreclosures, no credit and repossessions we will still be able to assist you in obtaining an auto loan. Not only will you be able to finally obtain transportation, but you will be given the chance to reestablish or establish your credit to begin with! Our Goal is to help you establish your credit and approve you when no one else will.

For more information on how financing works, please read below.

 
 

What Documents Are Typically Required to Obtain a Loan?
 

  1. Proof of Income
    1. W-2 Employees - Most Recent Paystub with YTD and tax deductions
    2. Self Employed - 3 Months Bank Statements
    3. Passive Income - 3 Months Bank Statements
    4. Cash Based Employees - Job Letter
      1. Financing for Cash Based Employees is possible but may require a lengthy process or be contingent on extra verifications the finance company sets forth
  2. Identification Card/Permit/License
  3. Qualifying Proof of Residence
    1. Bank Statement, phone bill, internet bill, credit card statement, gas bill, water bill, electric bill, etc. Must be dated within 30 days and have customer's name and address listed
  4. 10 Verifiable References
    1. Friends, Family, Neighbors, Co-Workers. All must be UNIQUE, cannot live with each other or with you. Different addresses, different phone numbers and different names. Full name, address & phone number required.
  5. Proof of Insurance
    1. You MUST have a $500/$500 Comprehensive/Collision deductible on the recently purchased vehicle before leaving the lot
  6. MISC
    1. Some Banks/Finance Companies may require most recent Checking Account Statement and/or Phone Bill. (Phone Bill doesn't need to be in customer's name but must have customer's number and call log may be required.
FAQ

Jaber's Truck and Auto Sales specializes in Sub-Prime Financing. Prime customers are encouraged to obtain their own financing through banks and/or credit unions. For additional finance information please talk to Adrian at 602-944-2330



Q: What cars work best for your Guaranteed Credit Approval program?

A: Remember, most finance companies won't loan a lot of money to sub-prime credit customers. However, when you may not even be able to obtain a $500.00 credit card, I'm able to APPROVE you on car. Cars that work best for this program are typically vehicles around $4000 to about $8000. Though some cars may fall in this category, it's not Guaranteed the car you choose will be acceptable or eligible. Cars that aren't eligible or acceptable in this program would be Classic Cars, Salvaged Titles, Frame Damage or TMU Odometer as well as cars that have Market Values higher than values finance companies use. Cars 1999 and OLDER are ineligible for THIS program BUT financing may still be able to be obtained if it still have a Kelly Blue Book Value.

Q: I currently have an Auto Loan and cannot get approved, can you help?

A: Yes we can. Typically the general rule is one car per one customer, we are able to help but our options are very limited.

Q: I have never had an Auto Loan and always paid cash. Little to no credit established. Am I still eligible for financing?

A: As long as you make a minimum provable income of $800/month and able to provide acceptable stipulations, you are eligible for our Guaranteed Credit Approval program.

Q: I have $500 for a down payment, can you get me into a car?


A: No.

Q: How much of a Down Payment do I need?

A: Down Payment is different from customer to customer and risk will determine this number. Factors that effect risk will be job time, income, type of income, residency, credit, etc. Jaber's is thankfully not a "Buy Here Pay Here." This means that we don't have a set number per car regardless of who purchases the vehicle and will have to run your credit, IN PERSON, before being able to give you an exact number. However, be realistic. If you plan on putting $500 towards a $15,000 car, your only putting 3% towards the loan which makes absolutely no sense. Finding out the exact amount of down payment required is unavailable until we run your credit.


Q: What are payments typically at?

A: Calculating exact payments are just as confusing as calculating Down Payment. On average, payments are usually anywhere from 200-400 dependent on many factors such as price, term and interest. All of this information is unavailable until we calculate risk, which is done by running your credit. However, most finance companies cap customer payments to 25% of their income.

Q: I just turned 18 and want to finance a car, can you help?

A: We absolutely can assist you in obtaining financing. However, price, income and down payment will play a HUGE factor.


Q: I don't have a printer at home, but most of my information such as Paystubs and Bills are available online

A: No problem, we will let you use ours!





 
Dealership Info
Business Hours:
Monday:10am to 3pm
Tuesday:10am to 6pm
Wednesday:10am to 6pm
Thursday:10am to 6pm
Friday:10am to 6pm
Saturday:10am to 3pm
Sunday:Closed
Location:
732 E. Dunlap Ave.
Phoenix, AZ 85020

Phone: (602) 944-2330
Fax: (602) 997-7160
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