
Car Financing Vocabulary
Repossession
The act of taking collateral from a borrower if they have failed to meet their credit obligations. Usually the car itself, collateral is generally repossessed and then sold to makeup the money not paid by the borrower.
Maine
Bad credit auto loan dealers
If you are looking for a new or used car in Maine, we can help. We are the experts of getting consumers approved, regardless of their credit. Maine residents can now get a bad credit car loan easily with our pain-free online loan application. It is quick, easy, and takes about 2 minutes to complete. If you need a vehicle, and are afraid that you will be given the runaround by the bank or by a sales person in your ME area car dealership, let us help you. When you pre-arrange Dealer Financing, you and our partner Mainedealership will know exactly where everyone stands, and you will be treated like a valued customer, because that's what you are.
Auto Car Dealer Loans
Available in these Maine Cities and their Surrounding Areas.
| Portland Lewiston Bangor | South Portland Auburn Brunswick | Biddeford Sanford Augusta | Scarborough |
- Minimum $1500 gross monthly income for those with a credit score under 625.
- Must be a U.S. or Canadian resident at least 18 years of age.
- No repossessions within the last 12 months (unless included in a bankruptcy).
- Any previous bankruptcy must be discharged.
- Financing is not available for motorcycle purchases.
- No private-party purchases or personal advances.
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"I really appreciate everything that was done by the dealership to help me. I have told everyone about the wonderful services you provide."
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Penny M.
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