CarTax Down Payment Assistance Program
Posted Wednesday, Apr 19, 2023
We are excited to announce the launch of our new CarTax Down Payment Assistance Program. It is designed specifically for consumers with low fico scores. The California base program aims to streamline and simplify the auto buying process. While providing consumers with all the necessary tools to get approved for an auto loan. For consumers with bad credit the program will pay for a portion of the down payment.
It’s Easy to Get Started!
If you’re ready to make a move, check out our Online Credit Application to get started. Consumers must meet the min requirments for the program.
- Min Fico Score: 500
- Min Income Requirment: Gross Income $2500
- Must be a California residents
- Finding a reputable car
- Documentation needed
- Full coverage insurance to drive off the lot
- Paying for the taxes, title and Dmv fees at signing
- A min of ONE thousand dollar is required to secure the terms and conditions of the CarTax Program
The CarTax Program offers several advantages, including:
24 Hour Loan Approvals: Consumers can now apply online through a secure online portal with the ability to upload conditions and get text message updates. The underwriting turn around time is 24 hours upon completion of the online credit application.
Down Payment Assistance Funds: The funds are secured through Help Me With My Down Payment a private entity. The amount of funds approved is determined by the applicants financial background. The program allows consumers with bad credit to purchase a vehicle with the minimum down payment.
Minimum Down Payment Requirments: The CARTAX program requires consumers to pay the taxes, title and DMV Fees.
Income Requirements: A gross income of $2500 is required and the following income status is accepted: W2 Employee, Self Employed, Fixed Income, Social Secuirty Income, Disablity Income, Child Support.
Fico Requirements: A min fico score of 500 is required to be eligible for the program.
We believe that our new CARTAX down payment assistance program will significantly enhance the consumers shopping experience. In addition to help improve their credit worthiness. To apply for the program please visit our website at https://www.laautocenterllc.com/apply-online/. We look forward to supporting you with your purchase. Our new CARTAX Down Payment Assistance Program will contribute towards the purchase of your next vehicle.
Our support team is avalible 7 days a week at 818-814-9477 to assist with any questions.
How are credit scores calculated?
Every score is based on information gathered by the major credit bureaus: Experian, Equifax, and TransUnion. These credit reporting agencies gather data from credit card companies, financial institutions, and lenders to create a report. Credit scoring models analyze the credit report information and assign value to each factor. Depending on the model, some factors will be highly influential while others only account for a small percentage of your overall score. As a result, different scoring models will produce different credit scores, even if they reference the same credit report.
