What you need to bring!!!!
1. Valid drivers licence
3. Proof of Employment and Employer Information
4. A smile
Vehicle payments are made via email money transfers.
Here's the math....
So you have some cash and you need a car. You are tired of the $1000 junk. You say that you can't apply for credit. For one that's a self defeating attitude, so shake off that nonsense and sharpen your own pencil. This is how our payment plans work. KINDA LIKE THE BANK BUT EASIER! The criteria below applies what to calculate to pay for that vehicle! Please note this is an approximation intended to give a realistic idea of what is involved to make the payments. Repossessions are not our goal. We want you to do this! These numbers are based on quotes from insurance companies current gas prices, km per tank and service histories. Please research
1. Calculate all of your monthly expenses...... Be true to yourself don't omit anything. If it's money that does not go into your pocket but comes out never to be seen again that is an expense.
2. For small 4 cylinder car.....Add 300 bucks a month for fuel. $200/month for insurance. $150/month maintenance. $300/month emergency money for any unforeseen circumstances. That's roughly $1000/month. This may be aiming a little high but left over cash is good cash. Not budgeted cash is upside down not available cash. For SUV, truck or van double the fuel cost and double the maintenance cost.
3. From this simple math is how much money is left over in your hands, pocket or bank account. This is your car payment.
If a vehicle is priced at $3650 and the down payment is $1000 the rest of the math is simple. Just add up the amount of months to get to the end of the payment term and you have your answer how you qualify to make payments.
For example $3650 with $1000 as a down payment equals a remainder of $2650. Divide $300 into $2650 per month and under 9 months is the time for complete payment in full.
With the discipline to save up a $1000 down payment or more and following a budget car payments are manageable. Benjauto does not penalize for maximum payments as this is 0% interest so the sooner it's over with the better!
It's that easy, If you have a down payment don't waste it on a deathtrap. (opinion)
If applicable the initial down payment and monthly payments can be increased or decreased to what you feel is best.