When financing your new or used vehicle, try to avoid high interest rates as much as possible.
In most cases, the longer the term of the loan, the higher the interest rate will be. Short-term loans tend to have lower interest rates but higher payments, because the payback period is shorter for the same amount of money.
Financial lenders usually offer higher interest to high risk consumers, but by maintaining an excellent credit history, lenders will see that you have been responsible in managing and repaying your debt; which can help keep interest rates low.
Even though banks and credit unions offer options for financing, you'll have to meet strict requirements before even being approved for a loan. If you do not meet the requirements, your loan could be denied; which could prevent you from being able to get the vehicle you've been wanting.
Whether you've filed for bankruptcy or have less than perfect credit, dealer financing offers a great way to get the vehicle you want with less hassle. It may even improve your financial well being since our financial representatives work with every single one of our valued customers to ensure we get you the financing you need.
If a down payment is required during negotiations, consult with your dealer's financial representative to determine the right amount that should be offered. Generally, the higher your down payment, the lower your monthly payment will be. Keeping this in mind, consider making the largest down payment you can comfortably afford since using more of your own money allows you to borrow less; thereby lowering your monthly payment and interest fees.
Visit us online or stop by our friendly, local dealership and let our trusted experts match the vehicle of your dreams to your budget. Test drive any one of our exciting new or pre-owned vehicles and you'll quickly experience the one-of-a-kind service you've been looking for. Â