Answers to questions dealers often ask
- Q: Do you finance customers with bankruptcies or repossessions?
- Q: Do you report to the credit bureau?
- Q: How long does it take to get an initial response on applications?
- Q: In what states do you do business?
- Q: What are the terms of your loan structure?
- Q: What fees do you charge?
- Q: What is HAC’s funding time?
- Q: What makes Heritage different from other lenders?
- Q: What vehicles do you finance?
- Q: Who do I contact for further information?
- Q: Will you finance service contracts or other ancillary products?
Q: Do you finance customers with bankruptcies or repossessions?
A: We are here to help people re-establish their credit. All repossessions must be at least 6 months old and no more than 2 prior
Q: Do you report to the credit bureau?
A: Yes we report to TransUnion and Equifax every month.
Q: How long does it take to get an initial response on applications?
A: Within 40 minutes
Q: In what states do you do business?
A: Currently, we finance for dealers in Northern Illinois, Indiana, Kentucky, Michigan and Ohio
Q: What are the terms of your loan structure?
- Max term is 42 months
- Max financed is $10,795 without a service contract
- Interest Rate
- Indiana: 21%
- Illinois, Ohio, Michigan & Kentucky: 24.9%
- Flat discounts based on amount financed (net of service contract)
- See the program guidelines for further details
Q: What is HAC’s funding time?
A: Same day (provided application is approved and funding packet is complete)
Q: What makes Heritage different from other lenders?
- Guaranteed funding for the amount you expect (provided the application has a final approval and the funding packet is complete)
- As a privately owned company, we can be more flexible in our credit decisions.
- Our motto: If it makes sense, do it!
Friendly, helpful people who are happy to discuss deals with you.
Q: What vehicles do you finance?
- Dependable, basic transportation
- Current model year plus nine years
- Up to 135,000 miles on select vehicles
- See the program overview for further details
Q: Who do I contact for further information?
A: Please see our Find Your Rep page for contact information.
Q: Will you finance service contracts or other ancillary products?
- We will finance Marathon Service Contracts (this is above the $10,795 max listed above)
- We will finance GAP if there is room under the max amount financed
- We will not finance any other products (credit insurance, etching, etc.)