176 Middlesex St North Chelmsford, MA 01863 978-251-0888 john@merrimackautosales.com

Frequently Asked Questions

Frequently Asked Questions

Why will I be approved now when no one would do it before?

Merrimack Auto Sales has established a long-term working relationship with several area lending sources who 100% guarantees financing to anyone who can provide:

  • A valid driver's license

  • A 20% down payment.

You will not be judged on past credit history. Any of the following occurrences will not affect your loan:
* Bankruptcy
* Repossession
* Low Credit Rating
* Tax Liens


Will this help my credit rating?
Yes. All of our lenders report directly to the credit bureau. So this loan will also help you build or restore your credit.

Do I need a down payment?
Yes, if you plan take advantage of our guaranteed financing, there is a minimum 20% down payment. However, if you have great credit and decide you’d either like to find your own lien holder or use a different financial institution through us, you may not need any down payment.

What will my interest rate be?
The guaranteed financing interest rate is 19.79% however the terms are shorter so that you don’t pay a higher amount in finance charges. Remember, depending on your credit score, you may qualify for a rate as low as 3% with no money down.

How much money can be I approved for?
As long as you have 20% down We can get you financed for any amount!

What type of vehicles do you sell?
We sell all makes and models of quality used vehicles. We have a wide variety of cars, trucks, mini vans, cargo vans and sport utilities available at all times. Average prices range from $4,000 to $15,000. The majority of our cars are 10 years old or newer.

Will my car be warranted?
All of our vehicles come with a bumper-to-bumper warranty. They are all guaranteed to pass inspection. Should a problem arise at any time with your car, we can most often repair it on the premises. Repair services are provided to our customers only. This gives us the flexibility to make repairs quickly for you, minimizing your inconvenience. We cover 100% of the cost for labor and parts after a $100 deductible. This deductible is a one-time fee and is only charged to you once during the entire warrantee period. Warranties are state regulated and vary from thirty to ninety days, depending upon the present mileage of your vehicle.

Are extended warranties available?
No, we do not sell extended warranties. You have the option to purchase one from the internet if you choose to; however, we have opted not to sell them to our customers.

Can I trade my vehicle in?
YES. We accept all trade-ins. You can even trade in a vehicle with a current loan and we’ll pay it off for you. Trade-ins must be appraised so bring it on in.