How to Apply for a Car Loan

 

Searching for a new car can be exciting, but also overwhelming when it comes to the financial part. While technology has made the process easier, it can still be tricky. That’s why the team at Fields Chrysler Jeep® Dodge RAM Asheville wants to provide you with education and information so that it isn’t so stressful. To help you get started, here are some key things to know before you begin the process.

Step One: Check Your Credit

Your credit score is extremely important in if you qualify and what interest rate you’ll be offered. Your credit score, a number between 300 and 850, reflects your financial history and includes how well you’ve managed debt and paid bills in a timely manner. 

Step Two: Pick Your Payment

You’ll need to understand what you can afford on a monthly basis without impacting your budget. Try out our handy payment estimator tool to determine what your monthly payment may be. It’s impacted by how much you want to borrow (the price of the car less any down payment), your interest rate, and the term (usually 60 months).

Step Three: Get Pre-Approved

It’s easy to get pre-approved with us. Simply complete the Chrysler Capital online application here. It will save you some time once you come to complete the paperwork at the dealership. You’ll need information about your income, employment, and residential history.

Step Four: Choose Your Vehicle

Once you have been pre-approved by our finance department and have determined your overall budget, it’s time to find your vehicle.

If you have questions, please feel free to contact our friendly finance team at 888-803-3116 or stop by our Asheville, NC car dealership. We look forward to working with you soon!

Categories: Finance
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