Finance

Your Approved!

Those are the words you want to hear right? Well at Preferred Luxury more people can hear those 2 words than anywhere else! You see, there is more to a person than a credit score, and our special finance experts work our "banking relationships" to get you the car you want and the financing you need! It is often said "It's not what you know, It's who you know". Well, in the special finance world Lexus of Greenwich and Lexus of Mt. Kisco have over 20 years of banking relationships. We have placed 1,000's of loans with dozens of different banks during this time. So when you apply for a loan, Your Not Alone, we apply our reputation along with your application! Below are some basics you should know before applying.

Know Your Credit Profile

Good Credit

Consumers with good credit have a "paid as agreed" credit history for at least three years. No derogatory items on his or her credit report such as medical bills, or civil judgments.

Good Credit Consumers have "paid as agreed" on installment payment plans such as a mortgage or an auto loan within the last three years. Major derogatory items such as a repossession or bankruptcy should have happened at least over three years ago.

Ready to start driving? Pre-Qualify Now For a Good Credit Loan at a GREAT RATE!

Fair Credit

Consumers with fair credit history have a "paid as agreed" credit history for at least two years. They may have an occasional late payment or two.

Consumers without a "paid as agreed" installment credit such as a mortgage or an auto loan within the last two years should have substantial good revolving credit. Major derogatory items such as repossession and bankruptcy happened over eighteen months ago.

Ready to start driving? Pre-Qualify Now!

Situational Bad Credit or Slow Pay

Consumers with a situational credit problem can usually identify a significant economic disaster or event that caused the credit situation. For example:

• A Divorce.
• Illness or injury.
• Loss of employment.
• Bankruptcy due to medical problems, credit card debt, or loss of income.
• Everybody needs a second, or third even fourth chance when it comes to credit, get yours now!

Ready to start driving? Pre-Qualify Now!

Bad Credit or No Credit

Bad credit or No credit Consumers are a people with little or no applied for credit and may have numerous unapplied for charge-off accounts such as bad checks, unpaid medical bills and utility bills, small unpaid charge accounts, and unresolved repossessions over two years old.

And Yes, we can even get you approved with all the above

Ready to start driving? Pre-Qualify Now!

Really Bad Credit

People with credit problems that cannot be isolated to a single event. A "history of bad credit". For example:

• Multiple bankruptcies.
• Multiple repossessions outside of bankruptcy at different times.
• Bad credit after a bankruptcy.
• Currently delinquent on all existing obligations.
• Repossessions less than one year old.
• History of writing bad checks over a long period of time.

Really bad credit is tough.....But We Can Get It Done! So What Are You Waiting For? Start driving by Pre-Qualifying Now!