What to Know About Auto Financing


 

There is a lot of information that you will need to know when it comes to financing a vehicle. Our team at PJ's Mazda can help you find the financing options that will work best for your life, giving you all of the information that you will need along the way.

 

Loan or Lease?

If you are going to finance a vehicle then you will need to choose one of these options.

A loan will help you buy a vehicle, having the monthly payments pay off the total value plus the interest of the loan. This is usually more expensive than a lease but will allow you to own the vehicle after all the payments.

A lease is paying for a partial value of the vehicle while you are driving it. While this does come with cheaper monthly payments, you can have some fees that come up at the end of the lease based on your contract and if you have followed it.

 

What a Credit Score Does for Financing

A big part of getting the right payment options comes from your credit score. This score has to do with previous loans you might have had and how good you were with repaying on time and in full. A better score gives lenders more confidence to present you with a low interest rate on the loan or lease.

 

Learn More by Visiting Our Burlington, VT Car Dealership

We want you to always feel confident when you are behind the wheel of a vehicle, which includes helping you feel like you are paying a fair price for it. We work with many different lenders to ensure you can get the best price no matter your financial situation.

Our Vermont Mazda dealership is here to help, all you need to do is visit to get started.

Categories: Finance