Credit Program
It’s important to us at MG Motors to get everyone on the road, regardless of past credit history. No credit, bad credit, it’s no problem here at MG Motors. We are ready to help customers from ACADIANA and surrounding areas.
We have partnered up and work closely with so many banks and lenders who can provide lending solutions to customers that otherwise have had few opportunities for traditional auto loans or would have had to rely upon Buy Here Pay Here dealers. MG Motors stands apart from the Buy Here Pay Here dealers for so many reasons but some of the key elements of using MG Motors for your next auto loan would be:
Monthly Reporting to Credit Bureaus to help you improve your credit while enjoying a newer car
Personalized loan process to provide unique credit options to each customer
Payment frequency to fit your lifestyle
Multiple payment options
Multiple lending programs
Check out some of our Frequently Asked Questions here:
I want to build or rebuild my credit. Do you report to the credit bureaus?
Yes, we report monthly to both TransUnion and Equifax, so as long as you keep positive payment history those payments will be reflected in your credit file.
Do you have a 1st Time Buyer program?
Yes, and many times we can assist a first time buyer without the need for a co-signer. Our approvals are based upon many factors other than your credit history – we also consider residence and job time as well as disposable income.
I've had a bankruptcy or repossession in the past. Can you assist me?
Yes, we have lending solutions in place to help those with a prior bankruptcy or repossession. We understand bad things do happen to good people and therefore we aim to help you rebuild or build the credit you need.
Will my vehicle be covered under any warranty or extended service agreement?
All vehicles sold at MG Motors will qualify for an Extended Service Contract, and you will be offered the opportunity to include the warranty in your deal package at delivery
