Apply for Online Financing in West Memphis
We at Bayird Chrysler Dodge Jeep Ram of West Memphis have an inventory of new and used Chrysler, Jeep, Dodge, and Ram. We offer our customers from Arlington financing options to get the vehicle they want. We encourage you to apply for online financing at our location in West Memphis.
Benefits of Applying for Auto Financing Online
A benefit of applying for online financing is it saves you time if you can't stop by the dealership yet. You can apply regardless of the weather in Memphis and any time, day or night. Our dealership can connect you with various lenders, so you will find one to fit your needs in Germantown. The online application process is faster than driving from Southaven, and you don't have to schedule an appointment. This means you can get approval in minutes instead of waiting for days when applying in person. You can get your Chrysler, Dodge, Jeep, or Ram without the concern of endangering your private data.
How Vehicle Financing Works
An auto loan is a secured loan, which means the vehicle is the collateral that secures the loan. The loan is based on a fixed period, such as a three-year or five-year financing term. You also have the option of pre-qualification, which gives you an idea of what you qualify for without hurting your credit. You may need to send several documents for the online pre-qualification process, including
- proof of residency
- proof of income
- proof of insurance
- social security number
- banking information
- vehicle make and model
They will commonly run a soft credit check and send you an estimate of how much they can lend you. The estimate usually includes the annual percentage rate, monthly payments, insurance, and closing costs. If you pre-qualify, you may opt to get pre-approved and proceed with the formal loan process.