Automotive Financing Lake in the Hills
Lake in the Hills Residents Can Take Advantage of Great Auto Financing at Biggers Chevy
When purchasing a new car, most people aren’t able to pay for the whole thing up front. This is why most folks choose to finance their vehicle, hopefully with affordable rates and low payments. It can be hard to find a financial package that works in your favor over the long run, but if you’re a resident of Lake in the Hills, you’ll be able to take advantage of the great financing deals at Biggers Chevy in Elgin!
An Auto Finance Summary
In order to finance your vehicle, typically a payment plan is negotiated. Like other loans, the full cost of an automobile is paid over a period consisting of anywhere from 3 to 5 years and payment is generally done in monthly installments. Interest plays a large role when it comes to auto financing, so it’s important to understand what your agreed upon rate will cost you in the long run. When shopping for your ideal vehicle, the lower an APR is, the less interest you’ll have to worry about when making your payments. So even if you have your eye on a brand-new car that might be in your price range, a higher APR might break your budget in the long run.
Acquiring a Great Deal
Your credit score and how long the term length of your loan is will have an impact on the interest rate of the vehicle you wish to purchase. A higher credit score and lower term length will generally result in a lower APR and a better deal overall.
However, if you don’t have a credit rating or it is low, a co-signer might be required, or you could look into receiving an auto loan from a bank or credit union. Fortunately, here at Biggers Chevy we are happy to provide auto financing regardless of credit score, and if your payments are made on time consistently, it will only serve to help your credit score!
If you have your eye on an all-new or pre-owned Chevy vehicle, don’t hesitate to apply online for financing or give our sales team a call at (866) 431-1555. We look forward to working with you so that your dream car can become an affordable reality!