Congratulations! You’ve made it through deciding which vehicle you want to take home, the hardest part of the car buying process. If you aren’t aware of the process, visit our “How Do I Buy a Car?” blog here. Now it’s time to talk to your sales associate at Melloy Dodge about your financing terms, the amount needed for a down payment, the monthly payment you can afford.
When financing a vehicle, there are many things to consider, but knowing what you can afford before coming to the dealership and how much you plan to put down will tell our sales associates what they need to know to get financing on the right track. Before we send you to financing to finalize the terms, we will discuss your interest rate, your down payment amount, and your monthly payment. The more money you put down, the lower your monthly payment will be. We also have a great financing breakdown blog here.
Having good credit (700+) is also a great way to get low interest rates. Sometimes, you can negotiate the term amount: this typically can go from 72 months to 84 months or lower if you are looking to pay off your vehicle sooner rather than later. Our financing team will work with you to get your vehicle payment where you need it to be and under terms you deem feasible. Our motivated team at Melloy Dodge is always willing and ready to make a DEAL. Stop in today to see what we can do for you.
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