Terms of Service
We truly have some of the lowest if not lowest down payments around for the type of vehicles we carry. Many people ask if our down payments are for real and the answer is most definitely yes and we have the statistics to prove it. We don’t just have a few vehicles for 99 down but a big selection and most the vehicles on our lot are under 399. We believe in honest advertising so if you are approved for financing then all you put down is what we are asking on the vehicle. We will not ask for an extra amount to pay for “tax and title”. What is advertised on the vehicle is what you put down.
We also offer down payment assistance on down payments over $500 in the form of a “pick up” payment. What this means is if we are asking $699 down and you only have $500 we may be able to spread out the remaining $200 over a month.
If we cannot get you approved, then a higher down payment or a co-signer may help in approval for a loan. However, if you are approved then you just put down what is listed for that vehicle. You can always put more down if you like (and many people like to since they are going to pay for it anyways) to either lower the payment or shorten the term of the loan.
PROMOTIONS OR SALES
We run promotions from time to time and lower the down payments even more than they currently are. For the month of January 2017 we are running a limited promotion where all vehicles with the exception of bmw, infiniti and mercedes will be $499 down or less. So no vehicle over 499 down with the exception of the stated above. That’s pretty amazing. We always have low down payments but this is especially low and could save you 200-800 from the normal down payment.http://www.nationalauto1.com/wp-admin/post.php?post=66&action=edit#
PRICE, INTEREST RATE AND PAYMENTS
We offer vehicles for sale that range from $8,995 up to $18,995. This gives you a large range of vehicles to choose from. The majority of our vehicles fall right between $12,995 and $14,995 with an average selling price of around $13,495.
We believe in full disclosure and no deception. An educated consumer is a smart consumer and we also believe that not hiding anything is good and ethical business.
Below is a typical loan example which includes the selling prices, fees, down payments and payments associated with purchasing and financing a vehicle.
|Purchase Price & Loan Amount||$13,495||plus TAVT and Doc Fee and Title/Tag Fees*|
|Monthly Payment||$175||Bi weekly for 48 months|
*Doc Fee and TAVT and Title Fee are common charges that are added to the overall price of the loan and we will finance it for you (see below).
What is TAVT?
TAVT stands for title ad valorem tax. TAVT replaced the yearly ad valorem fee in Georgia in 2013. If you ever bought a vehicle in the past you remember you had to pay a fee each year to renew your tag. This is not required anymore. You pay it upfront one time and that is it. This is a fee that the customer is responsible for that pays the “Automobile Tax” on your vehicle. This is required to be paid anytime somebody purchases a vehicle. We will finance this charge for you so you do not have to pay it. We will pay it for you and the down payment you put down does help us pay it but we have to come out of pocket ourselves to pay it for you. TAVT ranges depending on the value of the vehicle.
“Motor vehicles purchased on or after March 1, 2013 and titled in this state are exempt from sales and use tax and annual ad valorem tax, also known as the “birthday tax.” These taxes are replaced by a one-time tax that is imposed on the fair market value of the vehicle called the title ad valorem tax fee (“TAVT”).”
What is DOC Fee?
Doc or “document fee” is a charge that dealers charge to help pay some of the expenses associated with selling a vehicle. This is a pretty common fee and can vary widely depending on the dealership. We add this to the total of your loan, so you don’t have to come up with more cash up front to pay for it!
What are Title and Tag Fees?
When you purchase a vehicle from us, we add a fee of $89 to help pay the expenses associated with transferring your title and completing your title work. Did you know it’s a very complicated process when you buy a vehicle? The title must be registered in your name with us as a lien holder. We must then also add ourselves as a lien. Most of this is processed electronically now, but there are fees from both the State and from the processing company that handles the transactions to get your car’s tags. We handle all this for you so you don’t have to do it yourself.
So to recap. The first step is to qualify for financing for the purchase price of the vehicle plus title, tavt, and doc fee. If you are approved then you pick out the vehicle you want to purchase and finance and put down the recommended down payment we have listed for that vehicle.
If we cannot get you approved or you are higher risk then a larger down payment or a co-signer may be required for approval. We look at many different factors when considering an approval such as credit, income and stability.
By doing market research we truly have some of the lowest down payments around (if not the lowest) for the type of vehicles we stock and the type of financing that we offer. It is very tough for people with problem credit to put such a low down payment down but that is what sets us apart. We believe in making down payments extremely affordable even, for individuals with credit problems.
If you do not qualify for financing, we’ll explain the reasons, so you can correct them and come back at a later date. Or, we may be able to get you approved with a higher down payment or a co-signer.
If you have any questions, please contact us.
Ready to Apply?
Click the Apply Now button and you’ll be taken to a separate secure page where you can fill out a complete application. This should only take you a few minutes now, but will save you a great deal of time later. You will NOT need to complete another application when you visit the dealership. This is a full application!
We will be in contact within the hour on your status. If it’s after hours, then we’ll contact you the next business day.
We will assign your application to a member of our sales team. If you’ve already spoken to one of our salespeople, please enter his/her name on the application.
Please make sure to completely fill out all the information truthfully since we do verify it and it could hurt your chances of approval if you provide false information. Don’t worry, we don’t judge; we just want to help you get your life and your credit back on track with your car purchase.
Thank you and we look forward to doing business with you, now and in the future.
MOST VEHICLES ONLY $499 Down OR LESS
(with approved application and credit. See inventory on our website for qualifying vehicles)