Our Subaru Financing Experts Answer Your Questions
The finance experts at North Park Subaru at Dominion understand that making informed decisions when buying a car requires having an understanding of the purchase options available to you. Not many people are seasoned experts at new car financing -- but our Subaru loan and auto lending specialists are.
Now, these pros are answering common questions about auto financing, including those regarding credit scores and payment options. Visit our Subaru dealership near Seguin today and let us help you navigate the new car financing process with confidence!
Frequently Asked Questions
01How much of a down payment do I need to finance a car?
The down payment necessary for financing a car varies depending on factors such as loan-to-value, debt-to-income, and payment-to-income ratios. It is possible to finance a vehicle without putting any money down, but lender approval is required.
02What are the additional costs associated with buying a new car?
Aside from the purchase price of the vehicle, you will be responsible for paying taxes and any applicable title, license, registration, and dealer fees.
03How can I determine the value of my trade-in?
Our automotive professionals can assess the value of your trade-in and provide you with its current market value.
04Does my credit score affect my loan rate?
Yes, your credit score is one of the most significant factors that lenders look at when calculating the interest rate for a car loan.
05Can I still finance a car if I have a low credit score?
Yes, it is possible to finance a new Subaru even with a low credit score. While your credit score is important, other factors are also considered by lenders.
06
Can I finance a car if I don't have a credit history?
Yes, you can get financing for a car even without a credit history. However, the terms of the loan will depend on other factors such as payment-to-income, debt-to-income and loan-to-value ratios. A qualified co-applicant can also help increase your chances of loan approval.
07
What is the ideal length for a car loan?
The ideal length of a car loan depends on factors such as customer's ability to make monthly payments, the interest rate and the total interest paid over the life of the loan.
08
Can you offer a better interest rate than my pre-approved rate?
Our dealership works with several lenders and can often secure better interest rates than those our customers have already been pre-approved for.
09
Can I reduce my monthly car payments in the future?
Yes, refinancing is a great option to potentially reduce monthly car payments in the future.
10
Can I sell my car while I'm still paying for it?
Yes, you can sell or trade in a car that's still being paid off so long as the principal balance is paid in full before transferring ownership.
11
Can I add a warranty to my car purchase?
Service contracts and extended warranties are often available to cover future repairs and services.
Subaru Financing Near Me
When you have questions, we have answers. Our team of finance experts is dedicated to helping you financing your next Subaru in San Antonio. If you have any questions regarding down payments, credit scores or loan rates, simply contact North Park Subaru at Dominion today and let us help you finance the perfect new Outback or Crosstrek near Seguin you're looking for.
