FREQUENTLY ASKED QUESTIONS​

Everything you need to know to finance your dream classic ride.​

What types of vehicles will you finance?

Our financing service is applicable to all titled automobiles* and non-commercial trucks. Motorcycles are also permitted depending on your lender.
*NO RVs, TRAILERS, TRACTORS, BUSSES, ATVs, ROAD ART, MARINE, RACE CARS or NOVELTY VEHICLES etc.
If you are not sure if the car you are looking to purchase or bid on qualifies, call us at (844) 446-3286.

Do I have to insure the vehicle?

Yes. You will be required to insure the car or motorcycle for its full replacement value and are required to have full coverage insurance in place until your loan is paid off, deductibles vary depending on Lender. You will need to provide an insurance binder with the Lender as loss payee prior to funding the loan.

How good does my credit need to be?

We offer an excellent finance plan that does not require borrowers to have perfect credit. We will consider individuals with all types of credit. We always do our best to secure financing for that special vehicle you want to purchase.

What is your debt-to-income ratio?

The debt-to-income ratio is based on the total monthly loan payments of your gross monthly income and is expressed as a percentage of your total gross monthly income.

Does it matter where I buy the car or motorcycle?

No. You can buy your vehicle from an MFS-approved dealer or ask us about pre-approvals for auction purchases.

Will I need to register and title the vehicle?

Yes. You will be required to register and title the car once you purchase it. We will help you through this process.

What are your rates and terms?

The interest rate and term will depend on the amount financed and the applicant’s credit.

Do I need to register and title the vehicle?

Yes. Buyers are required to register and title the vehicle after purchase. MFS assists with this process.

QUESTIONS?

Visit us at auction at the Mecum Service Station, or call us today at (844) 446-3286