For some people, the prospect of financing a car is more daunting than doing the research, browsing, then finally selecting a vehicle that fits their lifestyle needs. However, it does not need to be that difficult. You have two options at your disposal when you plan to purchase your vehicle: either pay for it in full or finance the car over time with a loan.
Most car purchases involve financing.
That is why our finance experts are on hand to ease any worries and guide you step-by-step through the process. At Walt Massey CDJR in Columbia, we make sure to only secure loans from trusted lenders with terms that you are comfortable with. Our main job is to make the financing process as easy and as stress-free as possible.
As with any loan, vehicle financing increases the total cost of your vehicle over time. Not only are you paying for the cost of the vehicle, but you are also paying for the cost of credit. That is why it is necessary to wait until you have good credit to finance a car, as the interest rates will considerably vary depending on your credit score.
There are three factors that need to be considered when contemplating a loan: the loan amount (this might include taxes, other fees, and warranty coverage), the loan term (the longer the term is, the less you have to pay monthly; however, the faster you pay off your car, the less interest you will have to pay, but you will have higher monthly payments), and the annual percentage rate (the higher the APR is, the more money you will pay overtime).
Before you purchase a vehicle, follow these quick steps:
When you are ready to purchase your vehicle and opt for financing, let us at Walt Massey CDJR – Columbia guide you along the steps needed to make your favorite Chrysler, Dodge, Jeep, or RAM yours. Let our team handle all the heavy lifting while you prepare to drive home in your new vehicle. Financing could not be easier at Walt Massey CDJR in Columbia.
