We currently offer the following types of loans:
Cars, trucks, SUV's, RV,s and Service Contracts!
Simply call 1-866-924-1349 or click the link provided.
Reliable Imports has access to over 40 lending institutions including credit unions. This allows us the opportunity to better any interest rate or term your credit union or bank may offer. Many times we will have a relationship with your credit union as well! Plus this allows you the opportunity to obtain bank relationship with a different lending institution!
Our lending institutions report to all 3 credit bureaus-Trans Union, Equifax and Experian. Also, due to the high volume of business Reliable Imports does with our national lenders, this allows you, the consumer to take advantage of competitive interest rates and terms that are not offered through local banks and/or credit unions.
Simple interest is a method of allocating monthly loan payments between interest and principal. The amount of your payment allocated to interest is calculated based on your unpaid principal balance, the interest rate on your loan, and the number of days since your last payment. For example, if we receive a payment and it has been 29 days since your last payment, then you will be charged 29 days of interest on the unpaid principal balance of your loan. The remainder of your payment is credited to principal and reduces the unpaid principal balance on your loan.
Interest rates on approved loans are valid for 30 days from approval.
The loan amount that you will qualify for is based on a number of factors. Please feel free to call 1-866-924-1349 and speak to a finance specialist or click apply online and complete the application to be contacted.
The down payment amount that you will need is based on a number of factors. Credit worthiness is the major factor in determining the down payment amount. We have several lending institutions we use that require no down payment.
Yes! Additional cash, however, may be required if there is a lien on the automobile that you are trading or if the bank requires it.
The typical sub prime auto loan from our group of lenders is for a new, one year, or two year old car with less than 50,000 miles. Nearly every vehicle financed through Reliable Imports and Motor Homes is eligible for Extended Factory Protection so you won't have to worry about unexpected repairs.
If you're shopping around for a special finance car loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquiries can actually make getting an auto loan more difficult.
There are no minimum qualifications! Each auto loan application is evaluated based on many determining factors such as, your credit profile, loan to value, down payment, loan term, payment to income, debt to income, etc. After you apply, a financial specialist will call or e-mail you to discuss your application.
If the repossession was not included in a bankruptcy and there is still a balance on the account, we can still help. Greater down payment requirements will apply and vehicle selection will be limited to newer cars that are still under factory warranty.
Our Reliable Imports staff will evaluate your credit profile, available inventory, income, as well as debt factors. Our process ensures that each application has the best possibility of approval prior to submission.
Monthly payments are based on your credit profile and the vehicle you are purchasing. Newer, lower mileage cars qualify for extended terms. The best payments are on less expensive cars that have less than 50,000 miles.
A very good question for which there is not a direct answer. Rates are based on many different factors. Reliable Imports is full spectrum. We will get you the best rate based on your credit profile. The higher your credit rating and down payment the lower your rates will be. Also, the model year of the vehicle plays an important role. Rates generally increase 1 point per model year. The older the car, the higher the rate.
As long as the bankruptcy is discharged Reliable Imports and Motor Homes can help. (Apply today link)
Yes. However, it may take longer to process your loan. You have to obtain an "Authorization to Incur Debt" from the trustee of your bankruptcy. This normally takes two to three weeks. Please consult your bankruptcy attorney.
Yes! Reliable Imports and Motor Homes has lending institutions with first time buyer programs.
A cosigner may be considered for a Buyer who does not comply with all the credit requirements. The income and credit worthiness of the Buyer, however, must meet all the income and budget guidelines without reliance upon the income of the cosigner.
We recommend that you consult with one of our financial specialists first by calling 1-866-924-1349. The can determine how much you qualify for before you start shopping. This method will increase your chance of approval and decrease the number of inquiries on your credit.