Premier Plan

Elevate your vehicle upgrade journey with Premier Automotive Group’s Premier “Purchase” Plan.

At Premier, we are dedicated to supporting individuals facing credit challenges while pursuing their dream vehicle purchase. By adhering to our “customer guidelines” and maintaining open communication with your dedicated sales representative, we not only offer the opportunity to upgrade your current vehicle but also provide guidance on building exceptional credit.

Premier Promises:

The Premier Plan presents an exclusive opportunity tailored for customers facing credit challenges, with the ultimate aim of fulfilling their dream of owning a car. This program strives to make the seemingly unattainable goal of driving one’s desired vehicle a reality within a short timeframe of 12 to 18 months.

While individuals with credit challenges often perceive owning their dream car as impossible, the Premier Plan tries to make that idea possible. By facilitating access to a vehicle that fits within your financial means, ensuring timely payments, and progressively upgrading both the vehicle and your credit standing, the Premier Plan can create new possibilities.

Thanks to Premier’s partnership with Credit Acceptance, we can strive to secure approval for a nicer vehicle than you initially anticipated. Notably, Credit Acceptance distinguishes itself from traditional dealer financing by regularly reporting to the Credit Bureau. As a result, making timely payments for six months, alongside adhering to other recommendations, can yield a significant increase in your credit score.

After six months of consistent, on-time payments and adherence to guidelines, you can return to us to for an opportunity to upgrade to an even better vehicle, securing a loan from reputable institutions like Crescent Bank & Trust or Capital One.

Within the next 12 months, by diligently following all customer guidelines, you may become eligible for a higher-quality pre-owned vehicle or potentially even a new vehicle, with an impressively low interest rate. This all made possible by experiencing a remarkable credit score boost of 100 to 150 points through the Premier Plan.

Customer Guidelines:

1. Ensure all payments are made on time.
   1. (Tip) Simplify the process by setting up automatic payments through direct withdrawal from your bank account.
   2. To effectively build your credit, it is crucial to avoid entering the 10-day grace period for payments.
2. Deposit all funds into your bank account.
   1. A bank statement serves as proof of income. Any additional earnings should be deposited into your account before withdrawing them.
3. Avoid issuing insufficient funds checks.
   1. (Tip) Whenever possible, secure overdraft protection with your bank to prevent such occurrences.
4. Limit any increase in debt and try to keep all revolving credit (credit cards) utilization under 50%.
   1. You may receive numerous credit card offers after purchasing your vehicle. Select one (or two if there are two purchasers) to manage.
   2. For the initial three months, limit usage to gas expenses, paying off the balance in full upon receiving the bill. Ensure your utilization stays below 50% of the credit limit. Pay double the required amount on your bill until it reaches zero before repeating the process.
5. Maintain proof of residency by having bills and mail delivered to your current address.
6. Monitor your credit score regularly and promptly address any discrepancies.
   1. Verify that items listed on your credit report belong to you and not someone else.
   2. Keep in mind that it may take up to 30 days for an item to appear on your credit report and up to 6 months for its removal.
7. Pay off outstanding debts if feasible or collaborate with lenders on a suitable payment plan.
   1. Avoid accepting settlement offers for less than the owed amount, as it may negatively impact your credit report (e.g., “Creditor Paid” or “Balance Partial Payment”). When building your credit, it is advisable to avoid such entries on your credit report.

Disclaimer: *Results may vary. Your ability to be approved for a different vehicle or credit will depend on a variety of factors including the vehicle price, whether the vehicle is new or used, your income, work history, your expenses, your credit score, your payment history, current market interest rates, and specific lender guidelines. Not all customers will qualify for a better vehicle.