• Honda

Superior Honda of Omaha

4111 South 144th Street
Omaha, NE 68137

  • Sales: (402) 408-1000
  • Toll Free: (877) 475-5019
  • V.I.P: 800-999-0724

Pre-Owned Specials



 

 

Coupon not valid with any other offer. Must present coupon at time of purchase. Limit one coupon per person. Coupon does not apply to prior purchases. Other Restrictions may apply. Void where prohibited.
Offer expires: 04/26/2014

Featured Vehicles

2009 Hyundai
Sonata SE
$12,975

Offer expires: 04/30/2014

Hyundai featured cars

2009 Hyundai
Sonata SE
$12,975

why honda certified?

Click the link and see the Inspection that a Honda Certified goes through.
Call John Wonder to schedule an appointment to see some of our Honda Certified cars. 1-877-475-5019 or john@hondaofomaha.com

100% Guaranteed
Credit Approval!

call John Wonder @ 1-877-475-5019 for the details


 

How Credit
Acceptance Corp Works

First I'd like to tell you that CAC, unfortunately, does not lend direct to the consumer and only works with dealers that they have agreements with.

As mentioned above CAC offers 100% guaranteed credit approval. There is no such thing as a turn down and your credit "will be approved."

They have ten different Credit Tier Levels that range from 1 - 10, with 1 being the best.

Once your application is submitted into their Credit Approval Processing Systems (CAPS) an approval takes no longer than 15 seconds...How's that for fast?

CAPS uploads Superior Honda's inventory nightly and knows exactly what vehicles are available on the lot.

After you've received your approval, CAPS will then create a list of vehicles, on the dealers lot, that will work for their program based on your application.

Now, if you had come to the lot knowing what vehicle you had wanted prior to getting your approval, then CAPS would tell the dealer what requirements you'd need to meet in order to be able to make the deal.

It's all very simple and very quick.

Another excellent benefit of Credit Acceptance Corp, is that they do report your monthly loan payments to all three major credit reporting agencies, which means you will be able to build and/or rebuild your credit.


Funding Your Credit
Acceptance Corp Auto Loan

The guaranteed credit approval is the first half of getting an auto loan. To actually fund your auto loan Credit Acceptance Corp is going to want you to prove some things and meet some minimum requirements.

They will require:

  • A minimum of $500 down payment.

    For the types of credit that Credit Acceptance Corp is willing to loan money to this is very strong. Most lenders will have minimum down payments of $1,500 or even up to 20-40%.

    Where it gets even better is that this down payment does not have to be all cash. In fact, it can be no cash and all trade in equity.

    If you have any type of a trade in with equity, then you can use this to substitute for a cash down payment.

    Again, this is very strong and a lot of other bad credit auto lenders will only accept cash for their minimum down payment requirements.

  • Minimum of $200 a month payment with maximum 25% payment to income.

    I'm not really sure why they have a minimum monthly payment of $200, but they will not fund a deal if the monthly payments are $199.99 or less.

    The max 25% to gross monthly income is figured by simply multiplying your gross (before taxes or deductions) monthly income by 0.25.

    Example, you make $2,000 gross income each month, then your max allowable monthly payment would be $500.

  • Having a checking account greatly improves your approval.

    Having a checking account will typically help improve your credit tier within the CAPS program by 2-3 levels, which means you'll probably have more vehicles to choose from.

    If you do have a checking account, they will ask you to provide proof with a copy of a current bank statement.

  • You'll need to prove income.

    Any one of the following are usually considered acceptable:

    • Current pay check stub
    • 2 years tax returns
    • 3 months bank statements showing deposits
    • Social Security benefit letter

  • You'll need to prove where you live.

    Any one of the following are usually considered acceptable:

    • Current Bank statement / Credit card statement / Mortgage statement mailed to home and showing physical address
    • Current Phone bill / Cable bill / Garbage bill mailed to home
    • Current utility bill (can't be final notice or disconnect)
    • Current parent's bill if you are under 24 years old
    • Lease / Rental agreement if at residence for less than 2 months
    • They will make certain exceptions for Indian Reservations and for rural areas, see dealer for details

  • Have full coverage insurance.

    Listing Credit Acceptance Corp as the loss payee with a maximum deductible of $550.

  • Have 5-10 references.
    • Need complete physical address
    • Must have working phone
    • People living at a shared address count as one reference
    • Can be family, friends, neighbors, co-workers

  • Verify Employment

    They will need to verify employment with your current employer.

  • Landlord or Mortgage verification

    They will contact your landlord or mortgage company.

This may seem like a lot, but it's really not as much as it appears to be. Most of my customers can easily come up with this information.

Where To Apply For Credit
Acceptance Corp Guaranteed Credit Approval

http://www.hondaofomaha.com/financing/application.htm

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