Things to Know when Applying for an Auto Loan

Having a basic knowledge of the financial terms that are involved with getting financing for a car could let you have peace of mind as you move through the loan application process. At Cawood Honda, we'll address any of your concerns and get you the best loan possible.

An important number associated with a loan is the APR, or the annual percentage rate. This determines the interest you have to pay on your loan every year. Your credit score will determine the APR on your loan, with higher credit scores leading to lower interest rates.

To learn more about the loans that you could qualify for, visit our dealership and speak with one of our knowledgeable team members. We'll get you behind the wheel of the car of your dreams.

 

 

Categories: Finance

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