Taking out an auto loan may seem scary, but don’t worry. Here at Patriot Auto Group, our work goes beyond simply helping you find the next great car, truck, or SUV. We also want to work one-on-one with your needs to find the best financing terms and options for your budget, so you can drive home in the vehicle you love today.

Auto Loans at a Glance

There are a few things you’ll want to consider when financing a vehicle. To start, purchasing is not your only option. If you have high credit and like trading in your vehicle regularly, you may want to lease a car, rather than buy. Buying is a good choice for drivers who like more flexibility with the vehicle and who want to be able to sell down the line.

You can still purchase a vehicle if you don’t have perfect credit, but your credit score does play a role in what terms and financing options will be available to you. The higher your credit, the better your loan and rate options will be, but there are financing tracks for everyone here at Patriot Auto Group.

To purchase a car, you will take out a vehicle loan, depending on the overall cost of the car and how much money you are able to offer for the down payment on the day you buy. Then you will decide on a term length. Traditionally, auto loans will last three to six years. The amount you pay monthly will depend on how many months you have to pay off your car and the annual percentage rate, which is the cost of the loan.

If you’re looking to save money on your next ride, you’ll want to consider purchasing a pre-owned vehicle, raising your credit, if possible, and offering a larger down payment. The more quickly you pay off your loan, the less money you will spend on interest.

Learn more about the new car financing process and begin test-driving the next great ride here at Patriot Auto Group.