Financing with Our Dealership

There are pros and cons to buying and leasing a vehicle. Depending on your lifestyle and driving habits, leasing might be a good option. Many drivers prefer owning their vehicle and taking advantage of the equity that comes with ownership. Plus, there are fewer restrictions when it comes to personalization or adding accessories and other equipment. Leasing is a great option if you don't use much mileage and like keeping your vehicle in excellent condition. Leasing can sometimes save you money, and you can update your vehicle with a new one. Trading up at the end of your lease term is a great way to take advantage of all the newest technology in a new model every couple of years.

The most important part of financing is to score the lowest possible interest rate or APR on your loan terms. Your rate will determine your monthly payment and the total amount you spend on your vehicle. Your rate depends on many factors, including your credit score. You want your credit score to be as high as possible to get the best possible interest rate.

Before applying for a loan, it's helpful to check your credit score and take care of any outstanding debts. Saving money for a down payment will also help lower your monthly payment, although it is not necessary. If you have a trade-in, understanding its market value and preparing your vehicle for appraisal will also help you get the best price and lower your monthly payment on the new vehicle. You can also use the trade-in as a down payment on a lease term. Your credit also influences your lease payments, and the same preparations for securing financing could also help you get better leasing terms.

If you have zero or low credit, you can still get financing! Our finance department can help go over your options whether you are coming from Grand Traverse or Kalkaska County. Don't hesitate to contact our team if you need help or have questions about financing a vehicle at any of our Bill Marsh Auto dealerships.