D e a l e r   U n d e r w r i t i n g   G u i d e

Several of our dealers find the following information useful for identifying customers whom Security Auto Loans will likely be able to help.

Buyer Profile

Employment and Residence Stability:
      • 3 months in current residence or 3 years in the area
      • 3 months of current employment or 3 years history

Income Requirements:
     • $1,300 gross income/month

Repossessions and Foreclosures:
      • Must have been more than 3 months old (unless included in bankruptcy)

Bankruptcy:
     • CH-7 (must be discharged)
     • CH-13 (letter from trustee)

Contract Rate
     • Rate - all contracts are written at the maximum allowed by the state
     • Advance depends on - time at the residence, time on the job, down payment and the vehicle

Terms
     • 7 years or older: - max. term 24 months
     • 6 years or newer: - depends on amount financed and miles

Service Contracts
     • $1400 maximum and, must be approved prior to or at the time of the deal

Down Payment
     • $500 Minimum

Required Documentation: