First Time Buyer Plan

Retail Contracts only - First Time Buyer Plan does not apply to leases or Driver’s Option.

The dealer must provide the following information for each applicant prior to approval:

The customer must never have had automotive credit
Monthly payment may not exceed 18% of gross monthly income
Minimum one year of verifiable full-time employment with current employer with income commensurate with all financial obligations. A contact name and phone number within the Payroll or Human Resources Department of the applicant’s employer must be provided.
Minimum one year residence in dealer’s market area, renting or living with parents is allowed
No credit history required; however, established history must be in good standing with no previous derogatory credit
Three verifiable personal references; one must be a relative
Qualification under this program is subject to verification prior to approval
Please include the following when submitting the credit application:
Proof of income
Proof of Residency
Copy of Social Security Card
References