Maybe it’s the first time you’ve bought a car. Or possibly you haven’t bought a new vehicle in years. Regardless of your situation, the world of car finance can be challenging to navigate if you don’t know the basics.
Before you drop by Griffin Ford Fort Atkinson, you’ll want to research your finance options ahead of time so you can make an informed decision when the time comes. In most instances, you’ll be taking out an auto loan to finance the purchase of a new or used vehicle. The loan principal or financed balance is the amount of your loan.
Your monthly payments go towards repaying the loan you took out for your car. This payment includes interest you are being charged on your loan principal. An interest rate is a percentage of your loan principal and is how the financier makes a profit on the loan. To determine how different interest rates affect your overall monthly payment, use a payment estimator before visiting our Ford dealership near Janesville, WI.
Also, if you will be trading-in your existing vehicle to help defray the cost of the purchase of your new car. Take a few minutes before you arrive at the dealership to complete the trade-in form so you receive the best value for your car.
When you come to our dealership to shop, you’ll want to take your driver’s license, current proof of auto insurance, and certificate of title on any vehicle you are trading in. Also, if you went to a bank, third-party lender, or credit union to get pre-approved for an auto loan, bring that paperwork along with you so you can negotiate with the dealership to receive the best loan.
The knowledgeable and friendly team in the Ford finance center at our dealership near Janesville, WI are waiting to help you find the perfect vehicle so visit us today!
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