Your Guide to Car Financing at the Dealership 

Car financing is a type of loan that allows you to pay for your vehicle over time. It is a popular option for many car buyers because it makes a vehicle more affordable over the long term, even though it increases the total cost. If you are planning to buy a new or pre-owned car, it's important to understand how car financing works and how to arrange for it at the dealership. 

The first step in car financing is to determine how much you can afford to borrow. This will depend on your credit score, income, and other factors. You should also consider the loan's annual percentage rate (APR) and term. The APR is the interest rate you will pay on the loan, while the term is the length of the loan. A longer term will result in lower monthly payments, but a higher total cost over the life of the loan. 

When you are ready to buy your car, the dealership will offer you financing options. These options will vary depending on whether you are buying a new or pre-owned car. New cars generally have lower interest rates and longer terms than pre-owned cars, but they also have higher prices. Pre-owned cars have higher interest rates and shorter terms, but they are typically less expensive than new cars. 

To arrange for car financing at the dealership, you will need to provide the necessary documentation, such as proof of income and identification. You will also need to complete a credit application, which will be used to determine your creditworthiness and interest rate. Once you have been approved for financing, you will sign a contract that outlines the terms and conditions of the loan. 

If you are looking for a reliable dealership to help you with car financing, look no further than Pat Kaiser's Christiansen Motors Inc. Founded in 1970, this family-owned business has been serving drivers across Audubon, IA, and the surrounding area providing high-quality vehicles and financing options to customers for over 50 years. With a wide selection of new and pre-owned cars, trucks, and SUVs, you are sure to find the perfect vehicle for your needs and budget. Call them today at (712) 563-4241 to schedule an appointment or visit them online for more information.