Sesi Volvo Cars Finance Center

What to Know About Vehicle Lending

Even if you can afford a vehicle's purchase price in cash, it may be worth considering a loan instead. Depending on your credit score, it may be possible to get a loan at 0% interest. Furthermore, obtaining a loan allows you to keep your savings or emergency fund intact, which can help you avoid going into debt if something comes up after you buy or lease your car. If you buy your vehicle outright, each payment that you make helps to build equity that can be used toward a future trade.

New and Used Vehicle Financing

We work with a number of lenders to ensure that you have the best possible odds of getting a loan for a new or used car. If you have poor or no credit, it may be possible to add a cosigner to your loan to make it easier to qualify. Although dealer financing is often thought of as more expensive than outside financing, this is not always the case. We will be happy to submit a loan application even if you already have terms from another bank or credit union.

New Vehicle Leasing

Our team can also help you get the lowest possible security deposit or other lease terms. This can help you keep your monthly payment to a manageable level and help to ensure that you don't overpay for a car that you don't own. Leases typically last for two to three years, and after the lease period is over, you have the right to buy the car, and our team can help you finance that deal as well.

Financing Compared to Leasing

Financing a vehicle means that you'll own it outright, which also means that you get to do whatever you want with it. For instance, you can drive it 40,000 miles a year without any penalty. You can also keep it for as long as you want as opposed to having to return it to the leasing company after the lease ends.

The key benefit to leasing is that the monthly payment is often lower than what you'd pay for a new car. In some cases, it can be comparable to buying a used car depending on what you're looking for. Therefore, you can afford to drive a new car for many years at a time and take advantage of their modern safety and technology features.

Applying Online for Financing

Applying online for financing is a great way to expedite the car buying process as you'll get approval before you head to the dealership. You can apply from any device that has an internet connection, which means that you can do so at home, while commuting to work or while in the office. Applying only takes a few minutes, and our team will be more than happy to answer any questions you might have.