" "
Are you in the market for a new vehicle in the St Louis area? If so, you have a couple of options when it comes to financing. You can purchase the vehicle outright, lease it, or apply for financing. What does it mean to finance a car? That’s a question many people people ask! The team at Suntrup Volkswagen would be glad to walk you through the car financing process to ensure that you make the right decision for your driving needs and budget.
The first step in learning how car finance works is to apply for the loan through the dealership, a bank, or a credit union. You have the option of beginning the application at the dealership, or you could apply to get pre-approved online. When a lender is deciding whether to approve your application or not, they will look at the following factors:
If you have yet to establish credit or your score is less than perfect, don’t worry. A dependable vehicle is still within reach. There is always the option of asking a family member or close friend to cosign your loan.
Once your loan application is approved, it is possible that you’ll have a few options to consider. If the dealership offers in-house financing, you may want to see how that offers compares to that from a bank or credit union. Consider what you will put towards a down payment as well as determine what you can afford when it comes to monthly payments to make sure that you have the ability to pay back the loan.
Before you officially sign on the dotted line and purchase your vehicle, you may be able to negotiate the price of the car. If this is the case, you and the salesperson can go back and forth until you can agree on a loan that has an interest rate that will work with your budget. When you reach that agreement, it is time to finalize the loan terms and close the deal. You’ll sign all the necessary paperwork, take delivery of the vehicle, and head back to St Peters in a vehicle you will love for many years to come.
If you have additional questions about the automotive financing process, do not hesitate to reach out to the experts at Suntrup Volkswagen. We would be glad to assist you. If you are unsure if you should buy or lease, weigh the pros and cons here.
If you’re looking for a stylish new sedan to give your St Louis commute an upgrade, Suntrup Volkswagen has the perfect model for you: the Volkswagen Jetta! The Jetta has been an iconic mainstay on the road for decades, and it’s easy to see why. With strong performance specs, excellent gas mileage, and long-lasting durability, the Jetta…
Interested in the Volkswagen Atlas Cross Sport, but unsure if the interior has the space and level of comfort you’re looking for? We’ve got you covered! In this guide from the team at Suntrup Volkswagen, we explore the 2023 Volkswagen Atlas Cross Sport seating and cargo space. Learn more below to see if this SUV is…
If you’re looking to upgrade your St Louis commute with a robust new SUV, Suntrup Volkswagen has got the perfect model for you: the Volkswagen Tiguan! The Tiguan is a mid-size crossover with three rows of seats, offering strong performance specs thanks to a 4-cylinder turbocharged engine under the hood. Its powerful engine has a secondary bonus:…