Vehicle Purchase/Repair Loan Program
Door-Tran’s Vehicle Purchase/Repair Program began January 2, 2014 to allow income eligible individuals to purchase or repair a car so that they are able to get to work, school, etc. Eligibility to receive a loan is measured by household income that meets 150% Federal Poverty Level (FPL) or below, the person must be employed a minimum of 20 or more hours per week, and complete a budget assessment. A breakdown of the income levels and additional eligibility information for a 0% interest loan is listed in the Loan Program Application.
Vehicle Purchase Loans can be provided for purchase with a dealership or private party. All loans must pass blue book and vehicle inspection before the loan is approved by the Mobility Manager Assistant. 20% down payment required; assistance may be available for those who qualify. The Purchase Loan has a 18 month payback schedule and may be up to $3,000.
Vehicle Repair Loans can only be provided for work being completed at a certified garage. The blue book value of the vehicle will also be checked in addition to review of two written estimates. A down payment is also required and assistance may be available for those who qualify as well. The Repair Loan has a six month payback schedule and may be up to $550.
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