Goliath Auto Sales - Used Car Sales Tucson, AZ - Preowned Auto Dealership Pima County Arizona :: Financing-frequently-asked-questions Page

You have questions, we have the answers

Goliath Auto Sales LLC works with several local finance companies, credit unions, and a few National lenders. We strive to provide excellent customer service with the best loan options for our clients to make sure they are completely satisfied with their buying process.

Because our core inventory is priced at or below $15000 we see many younger first time buyers, based on this we have great experience in knowing what lenders work with FTB's and which ones do not, our goal is to fit as many of these young's buyers with our local credit unions first time buyer process to assist in saving thousands during the course of the loan.

While it is more difficult for the first time buyer to get approved for these loans the benefits are well worth the efforts.

Click HERE For the First Time Buyer Program Details

Goliath Auto Sales LLC is NOT a buy here pay here dealer and processes our loans with approvals by lender not dealer.

All vehicles are subject to prior sale, financing options are on an individual basis based on each buyer's situation and credit history. All transactions are selling price plus sales tax 6.1%, license plate fees based on the VIN of the purchasing vehicle and $389.50 dealer DOC fee.

We look forward to having you join the Goliath Auto Sales Family and seeing the Goliath Difference.

How do I get Approved, and what do I need to bring?

At Goliath Auto Sales LLC, getting approved for a vehicle loan is straightforward and tailored to your unique financial situation. We work closely with several local finance companies, credit unions, and national lenders to secure the best loan options for you. Here's how to get started:

Complete a Credit Application Visit our Credit Application Page to submit your details securely. This allows us to match you with the most suitable lenders, including options for first-time buyers.

Gather the Necessary Documents To streamline the approval process, bring the following items when you visit us:

A valid driver's license

Proof of income (such as recent pay stubs or bank statements)

Proof of residency (a utility bill or similar document)

References (five references with full contact information may be required, depending on the lender)

Discuss Your Options Our team will review your credit application and work to connect you with a lender that best suits your needs. For first-time buyers, we often recommend local credit unions offering specialized programs designed to save you thousands over the course of your loan.

Complete the Transaction Once approved, you’ll finalize the loan terms, review the details, and complete your purchase. All transactions include the vehicle's selling price, a 6.1% sales tax, license plate fees based on the vehicle’s VIN, and a $389.50 dealer DOC fee.

We aim to make the buying process as smooth and transparent as possible. Visit us today and experience the Goliath Difference!

Will my credit score be impacted by a credit check?

Yes, a credit check can impact your credit score, but the extent depends on the type of inquiry. At Goliath Auto Sales LLC, we perform a credit check as part of the loan approval process. Here’s how it works:

Hard Inquiry vs. Soft Inquiry
A hard inquiry occurs when a lender or dealer pulls your credit report to assess your eligibility for financing. This is standard during the loan approval process and may slightly lower your credit score, typically by a few points. A soft inquiry happens when you check your credit score or pre-qualify for a loan without formally applying. Soft inquiries do not affect your credit score.

Minimizing the Impact
Multiple inquiries for auto loans within a short time frame (typically 14-45 days, depending on the scoring model) are treated as a single inquiry. This means you can shop for the best loan without significantly impacting your credit score. We work with lenders who understand first-time buyers and customers with diverse credit situations, ensuring your credit is evaluated responsibly.

Why a Credit Check is Necessary A credit check helps lenders determine the loan terms that are best suited to your situation. This ensures you receive financing options tailored to your needs.

If you have concerns about your credit score or want to explore your options before a formal credit check, feel free to reach out to our team. We’re here to help you every step of the way.

Can you help people with prior repossessions?

Yes, Goliath Auto Sales LLC works with customers who have prior repossessions. While a repossession can make financing more challenging, it doesn’t disqualify you from getting approved for a vehicle loan. Here’s how we help:

Diverse Lending Options We partner with a variety of local finance companies, credit unions, and national lenders, many of whom specialize in working with individuals rebuilding their credit. These lenders understand life’s challenges and are often willing to provide second-chance financing.

Tailored Loan Solutions Our team takes the time to assess your unique financial situation and credit history. We aim to find the best possible loan terms for you, whether it’s through one of our local credit unions or another lender experienced in working with customers with prior credit issues.

Steps You Can Take To improve your chances of approval:

Bring proof of stable income and employment. Be prepared to provide a down payment, as it can help demonstrate your commitment to the loan. Provide references or a co-signer, if required by the lender.

A Fresh Start We’re committed to helping you rebuild your credit while securing reliable transportation. Every on-time payment you make can help improve your credit score, making future financing even easier.

Let us help you get back on the road and experience the Goliath Difference! Contact us today to discuss your options.

Does it matter if my credit score is bad?

No, having a bad credit score does not prevent you from buying a vehicle at Goliath Auto Sales LLC. We specialize in helping customers with all types of credit situations, including bad credit, no credit, or even prior credit challenges like repossessions. Here’s how we make it work:

Flexible Lending Options We work with a network of local finance companies, credit unions, and national lenders. Many of these lenders focus on providing opportunities for customers with less-than-perfect credit to rebuild and move forward.

Focus on Stability, Not Just Credit Our lenders often prioritize factors like income stability, employment history, and your ability to make payments over your credit score. This means your financial situation as a whole is considered, not just your credit history.

Local Credit Union Programs For first-time and bad-credit buyers, we recommend exploring programs through local credit unions. These programs can offer lower rates and better terms, helping you save money over the life of the loan.

Rebuilding Credit Through On-Time Payments Financing a vehicle with us is also a great way to rebuild your credit. By making regular, on-time payments, you can improve your credit score over time, opening doors to better financial opportunities in the future.

At Goliath Auto Sales LLC, we believe everyone deserves a reliable vehicle and a chance to improve their financial situation. Let us show you the Goliath Difference—contact us today to start the approval process!

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