How to Estimate APR in the Payment Calculator?
Since your APR or annual percentage rate is directly related to your credit score, it's important to have some level of understanding of your credit score.
How to Include a Trade-In Vehicle in the Car Loan Calculator?
If you are trading in a vehicle, email us
to get an estimated value. Once you have this value, simply enter in the estimated value of your vehicle into the Down Payment field. If you are planning on including additional funds, add the amount of your down payment with the estimated trade in value of your vehicle to calculate your entire Down Payment.
Why Use a Down Payment in the Auto Loan Calculator?
The general rule of thumb is to put down 20% as a down payment. However, many customers choose to put down more or less. If you have a strong credit score, using a down payment will be optional in most cases. In any case, some of the top benefits of using a down payment are:
- Down payments improve you chances of being approved, especially if your credit score is marginal.
- A down payment may get you a lower interest rate and better terms on your loan.
- When you use a down payment, your monthly payments will be lower.
- A down payment will ensure you pay less interest over the total life of the auto loan.
Most importantly, when you use a down payment, it will help prevent you from being upside down in the vehicle, which explains owing more on a loan than the vehicle is worth.
Contact Robert Loehr CDJR FIAT in Cartersville for Automotive Financing Solutions
The automotive loan and lease experts at Robert Loehr Chrysler Dodge Jeep RAM FIAT offer decades of experience helping customers find vehicles with affordable automotive payments. Even if you have bad credit, no credit, or damaged credit, we can help! Our innovative Robert Loehr Credit Advantage Program
is designed exclusively for credit challenged customers.
Regardless of your previous credit history, we will work diligently to help you find reliable transportation and automotive payments you can afford.
Contact Robert Loehr CDJR FIAT in Cartersville today by calling (888) 212-0348 or by completing our Online Contact Form