Expert Car Financing Guidance from Modern Auto Company
If you're seeking financial advice for purchasing a vehicle, you're not alone. Even seasoned car buyers require guidance, which is why the friendly auto finance team at our GMC, Buick and Chevy dealership in Washington is here to offer expertise you can use now and years down the road.
Get your auto loan questions answered, then stop by Modern Auto Company to discover your new and used car financing options today.
Auto Financing FAQs
01
What are current interest rates to buy a car?
Interest rates can vary based on credit scores, lender terms and vehicle selection. Generally, our new Chevy, Buick and GMC models come with better rates than pre-owned vehicles.
02
How do I get a good interest rate?
Improve your credit score and offer a larger down payment to secure better rates. You can also elect to shop around for car loan rates, or simply get preapproved for auto financing through us and we'll match you with the best rates you qualify for.
03
How much of a down payment do I need to finance a car?
A down payment of 20% is often recommended to obtain favorable loan terms and lower monthly payments on a new vehicle. For used vehicles, the recommended down payment percentage is lower.
04
What additional costs will I be responsible for when buying a new car?
Expect to cover taxes, registration fees and dealer documentation fees. Modern Auto Company provides transparent pricing with no hidden charges.
05
Does my credit score impact my loan rate?
Yes, your credit score significantly influences the interest rate you receive. Higher scores typically allow access to better rates and terms.
06
Can I still finance a car with low credit or no credit history?
Yes, we offer financing options for buyers with low or no credit. Consider bringing a co-signer or making a larger down payment to improve your approval chances. We'll share more about the subprime auto financing solutions our GM finance center has to offer when you visit.
07
What's the best length for a car loan?
While common loan terms can range from 36 to 84 months, shorter terms often save money on interest. On the other hand, extended terms offer lower monthly payments but often come with higher interest rates. Choose a term that balances affordability with total loan cost.
08
Can I sell my car while I'm still paying it off?
Yes, you can sell or trade in your car even if it's still being financed. Contact us for assistance in managing loan payoff and evaluating your trade-in value.
09
Is it better to finance through the dealership vs. lender?
Financing through a dealership like ours offers both convenience and access to competitive terms. We have close connections with numerous lenders to get you the best rates you qualify for, so visit our nearby GMC and Chevy dealership to compare options and see what suits your financial situation.
Buick, GMC & Chevy Financing Near Me
Have additional car loan questions that weren't answered? Want to connect with a GM financial advisor today? Contact Modern Auto Company in Washington today. One of our Buick, GMC or Chevy financing professionals will work with you and provide all the support you need.
Read More:
Why Choose Modern Auto Company | Buy a Car with Your Tax Refund | New GMC & Chevy Specials