Financing Options FAQ
1. What types of financing options does Speedway Motors offer?
At Speedway Motors, we offer a variety of financing options to suit your needs. This includes in-house financing for those with no credit or bad credit, as well as traditional bank financing for customers looking for flexible payment terms. Whether you’re a first-time buyer or have a complex financial situation, weâll help find the best plan for you.
Learn more about our financing options here.
2. How does in-house financing work at Speedway Motors?
In-house financing at Speedway Motors allows you to purchase a car without going through a traditional lender. We handle everything directly, offering flexible payment plans based on your budget. All you need is a valid ID, proof of income, and proof of address. With in-house financing, approval is often quicker, and credit history is less of a barrier.
Apply for in-house financing today.
3. Can I get approved for a car loan with bad credit or no credit?
Yes! At Speedway Motors, we specialize in helping customers with bad credit or no credit get approved for financing. Our in-house financing program is designed to work with you, regardless of your credit history. We believe that everyone deserves the chance to drive a reliable vehicle, and weâre here to help make that happen.
4. How much is the minimum down payment required at Speedway Motors?
We offer down payments starting as low as $1,500 on select vehicles at Speedway Motors. Our goal is to make it as easy as possible for you to drive away in your new car, with flexible down payment options based on your budget.
Check out our current inventory with low down payments.
5. Can I finance a vehicle with a low down payment?
Absolutely! At Speedway Motors, we offer low down payment options to help make financing more accessible for you. Our in-house financing allows for flexibility, so you can drive off the lot with a payment plan that fits your budget, even with a smaller initial payment.
See available vehicles with low down payments.
6. What documents do I need to apply for financing at Speedway Motors?
To apply for financing at Speedway Motors, youâll need:
- A valid ID or passport
- Proof of income (such as pay stubs)
- Proof of address (such as a utility bill)
These documents will help us quickly process your application, especially if youâre opting for in-house financing.
Apply now and get approved quickly.
7. How long does the approval process take for financing?
At Speedway Motors, we strive to make the financing process as fast as possible. With in-house financing, approval can be completed the same day, often within a few hours. For bank financing, the process may take a little longer, depending on the lender, but we will keep you informed every step of the way.
8. Are there any special financing offers for first-time buyers?
Yes! We understand that first-time car buyers may have unique needs. Speedway Motors offers special first-time buyer financing programs to help you get into your first vehicle with ease. Whether you need low down payment options or flexible financing terms, weâll work with you to make your purchase as smooth as possible.
9. Can I refinance my current car loan through Speedway Motors?
Currently, Speedway Motors does not offer refinancing for existing car loans. However, we do offer flexible financing options for new purchases, and weâre always happy to discuss potential options for lowering your monthly payments through our in-house financing plans.
Explore financing options for new purchases.
10. Can I get pre-approved for a car loan at Speedway Motors?
Yes, you can! Speedway Motors offers pre-approval for financing to make your car-buying experience even smoother. Simply fill out our online application or visit us in person, and weâll review your information to get you pre-approved before you start shopping for your next vehicle.