How Does Financing a Car Work?

Finance Agreement

If you’re considering purchasing a new car or pre-owned vehicle for your Catskill lifestyle and don’t have the cash, you should know the answer to the question, “How does financing a car work?” Maybe you’re also wondering, “Exactly what does it mean to finance a car?” We invite you to learn more about how car finance works with the finance team at Sawyer Chevrolet, Inc., and if you have questions or want to start shopping, contact us.

How Car Finance Works

What does it mean to finance a car? It means you need a loan because you don’t have enough cash on hand to buy a car outright. Learning how car finance works is easy with Sawyer Chevrolet, Inc. in Catskill. It simply begins with completing an online finance application. Of course, you always have the option to apply through a bank or a credit union around Hudson as well. These are some things the lender will consider to approve your auto loan:

  • Your Debt-to-Income Ratio
  • Your Credit Score
  • Length of Auto Loan
  • The Loan Amount
  • The Age of the Vehicle

At Sawyer Chevrolet, Inc., we take the hassle out of car financing. If your credit score is low or you don’t have much of a credit history, don’t worry. We are happy to work with you. 

Choose Your Auto Lender Carefully

Now that you know the answer to the question, “What does it mean to finance a car and what are your finance options?” You can choose in-house dealership financing or apply with a bank or credit union. Compare their offers in terms of interest rates to see which works best for your Saugerties budget. Also, pay close attention to how much money you have to put down, your monthly payment amount, and the length of the loan.

Finalize the Loan Terms

Don’t forget that you can negotiate the price. Typically, you will go back and forth with the finance team or salesperson until you agree on a price and interest rate you like. Then, you make your down payment, finalize the loan terms by signing your loan documents, and close the deal. The best part is driving away to your home in Windham in your brand-new Chevy Silverado, Chevy Tahoe, or another model! 

Trust Sawyer Chevrolet, Inc. for Your Auto Financing Needs

Now you know how car finance works. Are you ready to move forward with the auto loan process? If so, contact us or apply for financing online. You can also get a value for your trade-in from the comfort of your home. So, please don’t delay. Reach out to us now!


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Sawyer Chevrolet, Inc. 42.216, -73.8842.