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 Scotch Plains 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, 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.

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

908-782-6868

Call Now

204 US Highway 202 • Flemington, NJ 08822

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-5pm

Flemington INFINITI

204 US Highway 202 Flemington, NJ

Phone: 908-782-6868

http://maps.google.com/?q=204%20US%20Highway%20202%2C%20vFlemington%2C%20NJ%2008822

Parts

Phone: 908-782-6868

204 US Highway 202 Flemington, NJ

Sales

Phone: 888-988-5007

204 US Highway 202 Flemington, NJ

Service

Phone: 888-996-0042

204 US Highway 202 Flemington, NJ
40.4852211 -74.8625526
[schema type="organization" orgtype="LocalBusiness" url="www.flemingtoninfiniti.com" name="Flemington INFINITI" description="" street="204 US Highway 202" city="Flemington" state="NJ" postalcode="08822" country="US" email="cjaglowski@flemington.com" phone="908-782-6868" logo="https://di-uploads-development.dealerinspire.com/flemingtoninfiniti/uploads/2018/09/FlemingtonINFINITIOGImage.png"]
Flemington INFINITI
Flemington INFINITI
204 US Highway 202
Flemington, NJ, 08822 US
908-782-6868
https://di-uploads-development.dealerinspire.com/flemingtoninfiniti/uploads/2018/09/FlemingtonINFINITIOGImage.png
Flemington INFINITI 40.4852211, -74.8625526.