SAN ANTONIO, June 19, 2017 /PRNewswire-iReach/ -- There are car maintenance tasks drivers can plan for that cost small amounts of money. However, it's the larger, unexpected vehicle service that has the potential to cause drivers financial strain. To combat that issue, Ingram Park Mazda has partnered with Confident Financial Solutions (CFS) to provide San Antonio drivers with the CFS Repair Finance Program.
When drivers find themselves in need of financial assistance due to extensive vehicle repairs, they can apply for a loan through the auto repair financing program. Car owners will fill out a *simple online application to determine whether or not they have been approved for the loan.
Once approved, drivers will have the option of utilizing the 60-Day Interest Free Program*. As the name suggests, it allows approved applicants to receive zero interest when their loans have been paid in full without late payments within 60 days.
The average loan amount given out with the program is $1,500*. CFS funds will be applied to the vehicle service once the approval process has been finalized and the repairs have been done.
*The application generally takes a few minutes. CFS funds the repair amount once repairs are completed and documents are executed. All applications are subject to approval pursuant to standard underwriting criteria. The CFS 60-Day Interest Free Program applies to approved customers who pay their entire loan off within the first 60 days, on time with no missed payments. The maximum approved amount, terms and the Annual Percentage Rate (APR) will be based on an evaluation of your credit history and your state of residence. The Simple vs. Compound Interest graph is based on a minimum payment on a Credit Card compared to a fixed payment on a CFS loan.
Media Contact: Hope Roth, Ingram Park Mazda, 855-396-1455, firstname.lastname@example.org
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SOURCE Ingram Park Mazda