4156 Shelbyville Rd. Louisville, KY 40207 502-447-3450

Why finance at Craig and Landreth Cars?

Why Finance Just like our car shopping process, our financing process is designed to be easy, transparent, and stress free. You'll get:
  • Affordable solutions
    Craig and Landreth Cars offers some of the most competitive terms in the industry with solutions for a wide range of credit profiles. Craig and Landreth Cars offers low interest rate auto financing in the Louisville, KY area.
  • Fast and Easy Process
    Fill out our quick secure credit application for the lowest down payments in Louisville, KY .
  • Honest business practices
    We use only the most reliable and reputable finance sources in Kentucky, and we always secure our customers’ information. Car Financing in Kentucky has never been easier. Craig and Landreth Cars was built on integrity and hard work. Our financing department is no exception. We strive to be the best in car financing in Louisville, KY and we take the games oput of the equation.

Understanding Car Financing in Louisville, KY

How Finance decisions are made:

We pride ourselves on transparency throughout our sales process. We have close to 30 banks/lenders in the Louisville, KY area to Finance your new vehicle. The banks decisions are considered by these main factors:

  1. Vehicle selection: cost, age, and mileage
  2. Application information: employment, residence, and income information
  3. Credit history: Your credit scores
  4. Down payment: total of cash and trade equity

To get the best car financing in Louisville visit Craig and Landreth Cars. Start by selecting a vehicle that fits your budget and provide yourself as much down payment as possible. These two factors alone may increase your likelihood of approval, could improve your offer, and will reduce your monthly payment.

Factors affecting your monthly payment:

Your monthly payment is determined by three major factors listed below in order of impact.

  1. Amount financed
  2. Term or length of contract
  3. Annual Percentage Rate (APR)

What your credit score means

Credit scores are created by credit reporting agencies. Each credit reporting agency has their own proprietary scoring models, but they all work in a similar fashion. Credit scores are generated from statistical models designed to help financial institutions predict the risk associated with financed purchases such as cars, homes, and credit cards.

  • The score is a number usually ranging from about 350 – 850.
  • In general, the higher the number, the lower the risk.

The scoring systems take into account several factors from your credit report, and each has a varying degree of importance. Some examples include:

  • The timeliness of your payments, including late payments.
  • The amount and type of debt you have.
  • The number and age of your credit accounts.
  • Inquiries created by applying for credit.
  • Public records such as liens and judgments.
Credit reporting agencies:

To get more specific information regarding your credit score, contact any of the three major credit reporting agencies. Each can provide you with a copy of your credit report including your credit score and is required to provide you with one free report annually. There may be a fee for additional requests.

Web: www.equifax.com
Toll-free number: (800) 685-1111
Web: www.transunion.com
Toll-free number: (877) 322-8228
Web: www.experian.com
Toll-free number: (888) 397-3742

Smart financing tips

  • Choose a car at a price that fits your budget.
    Your Sales Consultant can help you determine what price range of cars will work for the monthly payment you are looking for.
  • Maximize your down payment.
    Increasing your down payment lowers your monthly payment and may improve your offer and chance of approval.
  • Be accurate.
    Provide accurate and thorough information on your application.
  • Estimate your trade.
    Know how much equity you have in your current vehicle, if you’re planning on trading it in, to get a better understanding of your total purchase. You can easily do so by getting your current payoff amount for your current vehicle.
What documents should I bring?

All buyers should bring a valid state-issued drivers license and proof of current auto insurance.

What finance rate can I get?

Your finance rate depends on your past credit history, the type of car you're buying, your down payment, and overall market conditions. Craig and Landreth Cars works with several local and international financial institutions to create programs designed specifically for our customers. These offers are very competitive and available to a broad range of customers with varying credit profiles. This allows us to get you the lowest interest rates on cars Louisville, KY and all over the World.

Can I qualify for financing if this is my first vehicle purchase?

Many customers qualify for financing without a prior vehicle purchase. Make sure to bring a couple paycheck stubs, and proof of residence if this is your first vehicle. (i.e. phone bill, electric bill, etc..)

I have excellent credit, what can Craig and Landreth Cars do for me?

We offer you the most highly competitive auto financing terms available in the Louisville area.

What does your credit score mean?

Credit scores are created by credit reporting agencies to help financial institutions predict risk. They are expressed as a score generally ranging from 350 – 850. In most cases, the higher your score, the greater chance you have of receiving a better financing offer.

  • Timeliness of previous and current payments
  • The length of your credit history
  • The type and amount of your debts
  • Your public records
How are auto finance decisions made?

Financial institutions typically take four major factors into account:

  • Vehicle selection (age, mileage, and cost)
  • Application information (this may include, but is not limited to: income, time at current job, and time at residence)
  • Credit history
  • Down payment
How do I find out more about financing?

To begin the financing process online, first find the vehicle you are interested in purchasing. Then request financing information by clicking the link found on the vehicle's Car Page. Or you can get started by calling Craig and Landreth Cars at 502-447-3450

How does financing cars in Louisville, KY work?

The Craig and Landreth Cars finance process is simple: Select a vehicle that meets your needs, submit a credit application with the help of a sales consultant or online, and, if approved, decide which finance offer suits you best.

Why finance a vehicle at Craig and Landreth Cars?

The Craig and Landreth Cars finance process is fast, competitive, and features offers tailored specifically to Craig and Landreth customers.

Like our pricing, financing at Craig and Landreth Cars means no games, tricks, or loop holes—just an honest, open process designed to put you in the driver’s seat of the vehicle you deserve!

A few of our partner financing solutions include:

Capital One Auto Finance:

Capital One Auto Finance is part of Capital One, a diversified bank offering a broad range of financial products and services. Capital One has over $150 billion in managed assets nationwide. Capital One:

  • Is one of America's leading full spectrum auto finance sources
  • Offers competitive, no-hassle financing
Santander Auto Finance:

Santander Auto Finance is the U.S. auto finance division of Banco Santander, which operates in over 40 countries with more than 69 million customers and $1.3 trillion in managed assets. Santander Auto Finance:

  • Provides an extensive array of auto finance solutions, focused primarily on customers with past credit concerns
  • Is built on the strength of a global partner, but offers the flexibility and customization necessary to service customers with specific needs
Wells Fargo Dealer Services:

Wells Fargo Dealer Services is a division of Wells Fargo Bank, N.A. the nation's fourth largest financial institution. Wells Fargo Dealer Services is one of the largest auto finance companies in the U.S. Wells Fargo:

  • Is the No. 1 provider of used auto financing in the nation
  • Offers a broad credit spectrum
  • Offers a wide selection of servicing and payment options

Car financing terminology

Amount financed: The amount of credit provided to you.

APR: Annual Percentage Rate, or APR, is the cost of credit expressed as a percentage.

Down payment: the amount of cash or trade equity you apply to your purchase.

Equity: the difference between your trade payoff balance and its value. It may be positive or negative.

Finance charge: the total dollar amount you pay to use credit.

Retail installment contract: the finance agreement allowing for payment over time at a fixed monthly payment amount and rate.

Simple Interest: finance charge calculation based on the unpaid principal balance, number of days between payments and the APR.

Stipulation:additional documentation/action required to complete the transaction, like proof of income.

Term: the number of monthly payments provided for in the retail installment contract.

Total of payments: the amount you will have paid after you have made all payments as scheduled in the retail installment contract.

Total sales price: the total cost of your purchase on credit including finance charge, down payment and amount financed.

Apply online or by phone for fast financing decisions.

Call 502-447-3450 or visit www.craigandlandrethcars.com and look for the “Get Pre-Approved” Tab near the top of the page. Click the “Get Pre-Approved” tab, fill out the application, submit and Call 502-447-3450 for instant information.

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