Finance Your new and used automotive financing experts

At David Chevrolet Buick, we offer competitive financing rates and terms on our great selection of new and used trucks, cars, and SUVs.

Our finance experts are here to guide you through the financing process and help you get into your new vehicle. Contact David Chevrolet Buick's finance team today or if you're ready to start the financing process, you can fill out our secure finance application online.

When looking to buy or lease a vehicle, the question of financing options inevitably comes up. At David Chevrolet Buick, we're dedicated to providing the best possible services to our customers, and that starts with answering any questions or concerns you may have. Here are some frequently asked questions regarding financing a vehicle.

WHAT GOES INTO CALCULATING AN AUTO LOAN?

An auto loan largely depends upon several key factors. These factors include the cost of the car that you would like to buy, the interest rate you are approved for—which is affected by your credit score and history, how large of a down payment you have, and how long of a loan term you would like. Prior to purchasing a vehicle, you should have a firm grasp on your budget and what you're looking for. For instance, you should have an idea of what your monthly payment budget is. If you have a vehicle you would like to trade in, this will also factor into calculating your auto loan, as it will reduce the loan amount you need.

WHAT DOES MY CREDIT SCORE AND HISTORY HAVE TO DO WITH GETTING A LOAN?

Your credit score and credit history are measures of how much of a risk that you may or may not be if loaned money, so they directly affect the offers you will likely receive when applying for a loan. The good news is that having a lower credit score than you would like—or having little credit history, as a first-time car buyer—will not prevent you from getting a loan, although it may affect which interest rates you are offered. Don't worry, though, as dealerships will work with you to get you the best possible rates. You can also talk to banks, finance companies, or credit unions if you would like to explore all the finance options available to you, although this takes away from the convenience of exploring auto loan options at a dealership.

WHAT'S AN APR?

APR stands for annual percentage rate, which is the annual interest rate you will pay on your auto loan. This rate can be fixed or variable, but most auto loans have a fixed rate that will last the length of the loan, and is based on your credit score.

We hope that we have answered your financing questions here, but if you have more, then our finance department would be more than happy to answer them for you.