"When Life Happens" Program
Navigating through financial hardships can be a daunting task, especially when it comes to securing a reliable vehicle. At Jim Riehl's Friendly Ford of Charlevoix, we understand that life happens -- be it bad credit, bankruptcy, collections, divorce or being widowed. Our "When Life Happens" program is specifically designed to help you get back on the road regardless of your credit history. We'll help you explore subprime auto loans and how our unique program can support you in your car-buying journey.
What are Subprime Loans?
Subprime loans are financing options tailored for individuals who have a less-than-perfect credit history or no credit at all. These loans typically come with higher interest rates compared to prime loans due to the increased risk associated with lending to individuals with lower credit scores. However, subprime loans offer a valuable lifeline for those who need to secure essential assets like a vehicle but have faced financial challenges in the past. At our Charlevoix dealer, we work diligently to provide fair and manageable subprime car loan options to get you back on the road in a new or used Ford SUV for sale nearby.
"When Life Happens" Program FAQ
What is the "When Life Happens" program?
The "When Life Happens" program is designed to help individuals with bad credit, no credit or challenged credit secure a vehicle. We believe everyone deserves a chance to drive a reliable car regardless of their credit history. By working with a wide variety of lenders, we ensure you can find financing options that fit your needs and budget.
Who is eligible for the "When Life Happens" program?
Our program is open to anyone facing credit challenges, including those with bad credit, no credit, past bankruptcies, repossessions or other financial difficulties.
What types of vehicles are available through this program?
We offer a wide range of vehicles including new Ford trucks and used cars from other top brands. Our goal is to find a vehicle that fits your needs and budget.
How does the application process work?
The application process is straightforward and hassle-free. You can apply online or visit our Charlevoix Ford dealership. Our team will review your application and work with you to understand your unique situation and find the best financing options available.
What documents do I need to apply?
To apply for the program, you will need to provide:
- Proof of income (pay stubs, bank statements, etc.)
- Proof of residence (utility bills, lease agreement, etc.)
- Valid driver's license
- Proof of insurance (if available)
How long does it take to get approved?
Approval times can vary but we strive to provide a quick and efficient process. In many cases, you can receive an approval within 24 to 48 hours.
Will applying for the program affect my credit score?
Applying for financing may result in a temporary dip in your credit score due to the inquiry. However, securing an auto loan in Michigan and making timely payments can help improve your credit over time.
Can I trade in my current vehicle?
Yes, we accept trade-ins. Our team will provide you with a fair used car appraisal for your current vehicle which can be applied toward the purchase of your new vehicle.
What if I have a co-signer?
Having a co-signer with a strong credit history can improve your chances of approval and may result in better loan terms.
What kind of interest rates can I expect?
Interest rates depend on various factors including your credit history, income and the loan term. Our Ford finance team will work to secure the best possible rates for your situation.
Do you offer any additional support or resources?
Yes -- we provide financial counseling and resources to help you rebuild your credit. Our team is dedicated to supporting you throughout the entire process.
Apply for Subprime Financing in Charlevoix, MI
Don’t let past financial challenges keep you from driving a reliable vehicle. To get started with our "When Life Happens" program at our local Ford dealer in Michigan, fill out our online application form or visit in person. Our friendly staff is ready to assist you and answer any questions you may have.
For more information on our program and how we can help you get back on the road despite credit challenges, please contact Jim Riehl's Friendly Ford of Charlevoix. We’re here to help!