How Does Financing a Car Work?

Car Financing



Many drivers around Flemington ask us, “How does car financing work?” or “What is financing a car?” This is how car finance works – it involves qualifying for a loan and agreeing to the terms of that loan. Most drivers apply for their loan through the dealership, or through a bank or credit union. Flemington INFINITI is an in house financing car dealer, which means we finance cars and can actually hold the loan in-house (and act as the bank). In order to be approved for car financing, the lender will evaluate the following:

  • Credit History
  • Credit Score
  • Employment History
  • Debt-to-Income Ratio
  • Age of the Vehicle
  • Loan Amount
  • Repayment Term / Length of Loan

If you have low credit or poor credit, you may have to pay a higher interest rate than those applicants around Bridgewater with better credit. That’s why it’s always a good idea to try and improve your credit before you apply for a loan.

Things to Consider Before Applying for Car Financing

Before starting the car finance process, it’s always smart to first figure out exactly how much you can afford to pay per month using our payment calculator. Here are some other things Princeton, NJ drivers should consider when building an automotive budget:

  • If you have poor credit or haven’t yet established credit, making a larger down payment will help keep your payment lower and offset a higher interest rate. So, try to save some money before applying for a car loan.
  • Don’t forget to value your trade-in with Flemington INFINITI to reduce the total cost of your purchase.
  • Remember to budget for the cost of gas, insurance, maintenance, and repairs around Bensalem, PA when you’re making your calculations.
  • Make a commitment to yourself to always make your payment on time in order to improve your credit score.

What Does it Mean to Finance a Car? Call Flemington INFINITI Today

You probably still have some questions about car financing, such as returning a car on finance, or “Can I sell a car on finance?” Contact the finance specialists at Flemington INFINITI for answers. Whether you’re searching for a brand new car, you want to know who makes INFINITI cars, where to get a car loan, you want to know about getting bad credit car financing, you need an affordable pre-owned vehicle, or you’re wondering how car finance works, our experienced team will answer any questions you have and do whatever it takes to get you behind the wheel of the car you’ve been dreaming about. Give us a call today.

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908-782-6868

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204 US Highway 202 • Flemington, NJ 08822

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Today's Hours:

Open Today! Service: 7:30am-5:30pm

Open Today! Parts: 7:30am-5pm

Flemington INFINITI 40.4852211, -74.8625526.