For any first-time buyers out there, car financing can sound like a puzzling term to hear.
However, it really is not as complicated as it sounds. It is not even something that should be feared, since this is how most people can drive off the car lot with their newly purchased vehicle.
Car financing is also known as direct lending. It can be easily through the financing department at our dealership here in Cortland.
Whatever route you take, car financing is essentially borrowed money.
Once you know the price of the car and all its fees, you then need a financial loan in order to proceed with the vehicle purchase. Hence, why car financing should not be a scary idea. In fact, it is the agreed amount you will pay monthly or bi-weekly during your loan term. This then becomes your vehicle payment. In your loan, you agree to pay the amount financed, plus a finance charge, over a period of time.
So, whether you are new to the car market or never used a financial loan to purchase a vehicle, this article should sum it up quite easily.
If you have further questions. Feel free to connect with me, "Uncle" Bill OGorman.
Dial (607) 543-1215 and be treated like family!
The Royal Auto Group - Royal Nissan of Cortland - Royal Subaru, 3901 Rte 281, the West Rd - Cortland New York 13045
