Frequently Asked Questions

Q: With my bad credit, I thought I had to pay cash, or go the “buy here, pay here” route. What other choices do I have?
Cash is definitely NOT your only option. Some dealers want you to believe the “buy here pay here” myth for people with poor credit. Actually, you have many payment choices, depending on your circumstances. At Dayton Auto Loans, we realize knowledge is power, so we give you all the facts and let you make an informed financing decision.

Q: Why should I do business with Dayton Auto Loans?
At Dayton Auto Loans, we share a common goal with you: we both want to see you drive away happy! You’ll be pleased with your new car as well as your buying experience. Our select network of reputable dealerships has a mission, and that is education. We help inform consumers with less-than-perfect credit about the finance options they have when purchasing a reliable vehicle.

Q: What makes a Dayton Auto Loans dealer different from other dealers?
We are choosey about our dealers at Dayton Auto Loans. Not just any dealership can join our team. We look for experienced, knowledgeable dealers with a reputation for honesty and integrity. Only the ones that pass our screening test become authorized Dayton Auto Loans dealers. We also limit participation in our network to one dealer per community.

Q: What can I do to improve my credit rating?
A car loan is one of the fastest ways to jump-start bad credit. All of our lenders report to the credit bureau, so every payment you make goes on your record, raising your credit score. As you make consistent on-time payments, your credit rating continually improves.

Q: Will I have to pay a higher interest rate?
Yes. That's just the way it is, but we will work to get you the best deal possible. Remember, as your credit rating improves, you will be eligible for better interest rates on future loans. And by buying through our network, you have the best opportunity to improve your credit rating.

Q: Why does Dayton Auto Loans only offer One Price?
We are a team, and teammates have to work together to get the job done. This way, you will know you got the best deal. Price haggling makes us opponents, not partners. The truth is, dealerships that negotiate prices give the best deals to customers with better credit. You’ll never wonder about your deal with us, because we’ve already marked every vehicle with the absolute LOWEST price. It’s the same price for everyone, regardless of his or her credit. We think you’ll find it’s a refreshing, straightforward approach to buying a car.

Q: What can help my chances of being approved for a loan?
Customers with a history of late payments, repos and bankruptcy have to start building good credit somewhere, and a car loan is a great way to begin. Lenders consider these factors when evaluating a customer for a loan:

• Your length of employment
• How long you have lived at your residence
• Credit history
• Value of the item you are buying
• Your ability to repay the loan

If you are weak in some of these areas, don’t worry. Our dealers are experts at finding solutions to your loan needs. Credit history only improves when you make regular payments on your loan. Don’t wait! Start your application process today!