Auto Credit Approval Process

Thank you for your interest in our Guaranteed Credit Approval Program!

Here is a bit of information about how this program works.

At Tom Wood Ford, we give everyone a chance to finance a new or used Ford in Indianapolis, IN, regardless of your credit history. All you need is your proof of residence and income and you can drive away in a nice and reliable vehicle today.

Regardless of your credit score we say YES! Bad Credit, Repo's, Foreclosure, No Credit, Bankruptcy's ALL OK! GUARANTEED! 

All you need drive away today is?

  1. Proof of income (pay stub, canceled checks, or bank statement)
  2. Proof of residence (Utility bill, mailed bank statement, cell phone bill)
  3. 5 personal references (name, address, and phone number)
  4. Proof of insurance

We are able to offer Guaranteed Credit Approval because our program is designed to help everyone to get back on track, regardless of previous credit issues. This program will help to build or rebuild your credit by reporting to the major credit bureaus on a monthly basis. The average credit increase is 100 points over a 24 month term. 

Here are some benefits of having a great credit score.

  1. Ability to obtain major credit cards
  2. Higher purchasing power
  3. Obtain low interest future loans with little to no money down
  4. Ability to purchase a home with a low interest mortgage

There are many payment options available such as: weekly, bi-weekly, monthly payments, or automatic withdrawal from your checking or savings account. There's no reason why you can't drive home in a new Ford vehicle for sale and help get your credit back on track at the same time.

To fill out an application please click below and fill out the quick 30 second application. From there, you will be contacted by a specialist from our Ford auto financing department as soon as possible. Please be sure to specify which vehicles you are interested in. We look forward to working with you at our Ford dealership near Plainfield, IN.

Click Here for Credit Approval 

Take this opportunity and rebuild your financial future!

Welcome to Tom Wood Ford, your Indianapolis, Indiana, home for all things Ford. We know people's financial situations vary, but we believe everyone deserves the right to own a Ford car, truck, or SUV. If you have no credit, bad credit, bankruptcy, or even a vehicle repossession on your credit report, we can get you a loan through our Guaranteed Credit Approval Program. Here's how it works.

Guaranteed Credit Approval Requirements

We understand life events can disrupt your financial situation. Losing a job, health issues, and more put people under financial strain. Our program works because we've designed it to help people get back on track when budgets stretch and credit scores drop. All you need to drive away in a new or used Ford today are these four things:

  • Proof of income: To qualify for a loan, you must have a source of income. For example, you can provide pay stubs, canceled checks, or a bank statement showing deposits from your employer.
  • Proof of residence: We'd like to know where to send your monthly statements. A driver's license or state-issued ID works best. You can also provide utility bills for water or electricity, mailed bank statements, or a cellphone bill, as long as they have your name and address on them.
  • Five personal references: Give us the name, address, and phone number of five people who will give you a personal reference. Of course, we won't get personal when we call them, but we want to know people are pulling for you.
  • Proof of insurance: No matter your credit score, the law requires you to show proof of automobile insurance before we can let you drive off in your brand-new Ford. Your insurance company or agent can provide you with an insurance card to present to us when you sign your loan.

Build Your Credit With a Car Loan

The goal of getting your credit back on track can begin with a car loan from Tom Wood Ford. Making your payments on time each month will improve your credit score, because we report to the credit bureaus each month. In only 24 months, your credit score might increase by 100 points or more. As your credit score increases, so will other benefits. A higher score can give you access to major credit cards and lower interest rates on future loans. Your purchasing power increases with your rising credit score, as well. Eventually, you can qualify for a mortgage, turning the dream of owning a home into a reality.

Financial Experts Working for You

Members of our finance department are experts at finding the best rates and terms on loans, regardless of your credit history. We've developed relationships with banks throughout Indianapolis. We happily leverage these relationships every day to get our customers the perfect loans for their new or used cars. We also have national lenders we rely upon, which broaden the loan types we can offer. 

Online Financial Tools

At Tom Wood Ford, we want you to understand the financing process. We have a library of videos online that help explain how financing works and the programs you can take advantage of as you search for a loan. We also have a page dedicated to additional financial products, including vehicle service plans, gap insurance, and more. We've streamlined the process with our Guaranteed Credit Approval application. After filling out the application online, you'll receive your approval in minutes. You'll get an estimated loan amount, interest rate, monthly payment, and length of your loan. With this information, you can shop confidently, knowing what you can afford.

Get Top Dollar for Your Trade

Because we sell so many cars at Tom Wood Ford, we can offer you more for your trade than other dealerships. Our online trade evaluator powered by Trade Pending takes seconds to complete, providing you an estimate of what you can expect for your trade. Then, when you're ready to purchase a new car, bring your trade vehicle in, and one of our appraisers will confirm your car's condition and mileage before certifying the offer. At this point, you can begin looking at new vehicles, knowing you will get top dollar for your old car.

How Does My Credit Score Affect My Loan?

The credit bureaus use an algorithm that factors your debt, income, payment history, and more to determine your creditworthiness. The higher your credit score, the less risk you present to lenders. This reduced risk allows you to get a loan at a lower interest rate, saving you money. It also increases the amount you can borrow. Conversely, having a lower credit score means you won't qualify for prime interest rates, and you're limited to how much you can borrow. Subprime lenders specialize in loans for people with lower credit scores. Of course, you pay a higher interest rate and won't borrow as much, but you can find lenders. At Tom Wood Ford, we have cultivated relationships with subprime lenders because we know your credit score doesn't necessarily reflect your responsible nature. Connecting you with these lenders allows you the dream of owning your car while restoring your credit.

Check Your Credit Score Frequently

Financial experts recommend you use one of the many free websites offering credit monitoring services to stay informed of your current score. Keeping tabs on your score will help you become more aware of financial situations that raise or lower your score. You can do simple things to improve your credit score quickly. For example, many people have items on their credit report that don't belong to them, lowering their score. Removing these can improve your score immediately. Experts also recommend adding or canceling a credit card to change your debt-to-income ratio. If you have a high debt-to-income percentage, adding a card will lower the ratio, improving your score.

Tom Wood Ford wants you to have the car, truck, or SUV of your dreams, no matter your credit history. We invite you to apply for a loan online or stop by to speak with a financial professional today. One of our experts will walk you through the process and help find you a loan that fits your needs and budget.