Frequently Asked Questions
Financing options at Liberty Motors
At Liberty Motors, we understand that not everyone has perfect credit. That’s why we partner with Credit Acceptance Corporation (CAC) — one of the nation’s leading subprime auto lenders — to offer flexible financing solutions that feel like traditional Buy Here Pay Here, but with the strength and experience of a specialized finance company.
How does financing work at Liberty Motors?
- Fast Approvals — Many customers are approved in under 30 seconds using CAC’s CAPS system.
- Bad Credit Friendly — We help customers with low credit scores, past repossessions, bankruptcies, no credit, and more.
- Focus on You — CAC looks at your income and ability to pay, not just your credit score.
- In-House Experience — Our team walks you through the entire process from start to finish.
- Flexible Terms — Competitive rates and payment plans tailored to your budget.
How does approval work?
- Apply online or in person (5–10 minutes)
- Provide proof of income and ID
- Get a fast decision through CAC
- Choose your vehicle and drive home the same day
What is CAPS, or the CAPS system?
At Liberty Motors Pleasantville, we proudly offer financing through Credit Acceptance Corporation (CAC) using their advanced CAPS System (Credit Approval Processing System).
This system is designed to help customers with bad credit, no credit, or past credit challenges get approved quickly — often in under 30 seconds.
How does CAPS work?
The CAPS System is Credit Acceptance’s smart approval software. Instead of focusing only on your credit score like traditional banks, it looks at your overall ability to repay the loan.
What factors does CAPS consider?
- Income & Ability to Pay Verifiable monthly income (pay stubs, bank statements, SSI, self-employment, etc.) is the most important factor. They want to make sure your car payment comfortably fits your budget.
- Down Payment The more you put down (cash or trade-in), the better your chances and the better your terms.
- The Vehicle Age, mileage, and condition matter. Reliable, late-model cars with reasonable mileage are easier to finance.
- Credit History CAC is very understanding. They commonly approve customers with:
- Low credit scores
- Past repossessions
- Bankruptcies (open or discharged)
- Medical collections or charge-offs
- Stability Time at your current job and residence shows reliability (6+ months is helpful, but not always required).d
Real world approval examples at Liberty Motors
- Strong Approval: $2,800 monthly income + $1,000 down → Usually approved same day on a late-model vehicle.
- Challenging Situation: Recent bankruptcy + $800 down → Frequently approved with proper documentation.
- Tougher Case: Lower income + multiple past issues → Often still possible with a higher down payment or more affordable vehicle.
Why Customers Love Financing Through CAC at Liberty Motors
- Extremely fast approvals
- High approval rate for customers who have steady income
- No bank involvement — decisions made quickly
- Flexible options even when other dealers say “No”