Automotive Financing in Junction City, KS D.E.L. Motors

Why Finance with Us?

You may wonder why you should choose our Finance Department for your auto loan. You can go to any bank or finance company and apply for a loan. The main advantage of working with our finance team is that you can finance and buy the vehicle all in one place. It saves time for you. Because we work with several lenders, we can help you get the best terms and rates for your situation with just one application. We’ll get your approval in the same day in most cases, which means you can drive away in your newly purchased vehicle sooner. You can browse our inventory while we process your application. Once we’ve received your approval, we’ll complete the paperwork and hand you the keys.

Take Advantage of Our Financing Tools

We know that buying a vehicle is a big decision, which is why we offer financing tools to assist you. Use our payment calculator to get an idea of how much you would pay each month for the vehicle of your choice. You can adjust the down payment amount to see how it impacts your payments. We also provide a KBB Instant Cash Offer for your current vehicle. You can find out how much your vehicle is worth from home. When you come in, we’ll verify the information and hand you a check or apply the amount as a trade-in for your down payment. Even if you decide not to buy a vehicle at D.E.L. Motors, we’ll buy your car if you choose to sell it.

Financing a Used Vehicle in Junction City

We know that the unexpected can happen in life, which can impact your ability to get financing for a car. We offer financing options for people who have no credit history or a lower credit score. Once you start making payments on time for a used vehicle, it can help you rebuild your credit history. After paying off a used car loan, many people find they qualify for better rates or a new vehicle – assuming the rest of their credit history also continues to improve. You can get the process started from home by filling out the online application. We’ll review the information and let you know if you need to send any documents. You can also browse our inventory online to find a vehicle you want to test drive. Let D.E.L. Motors help you find the right vehicle for your needs and financial goals. Talk to our finance team if you have questions about financing or finding a vehicle. Contact us today and start looking for your next set of wheels.

**??**Frequently Asked Quesitons About Financing a Used Vehicle

What should I do before coming to D.E.L. Motors to finance a vehicle? Being prepared to understand and complete the financing side of your vehicle purchase at D.E.L. Motors is sure to make the process less stressful. Ideally, you will want to know or have a reasonable estimate of your credit score to understand the loan terms you are likely to have on your vehicle loan. This is a step that can help you budget a comfortable amount for your monthly payment and know an estimated amount you can finance and afford to spend on the vehicle. Your bank or credit card company could provide this information to you for free, or the finance team at D.E.L. Motors can help you get your credit score and explain what to expect as your loan interest rate.

How much of the used car price can I finance?

Typically, lenders will loan 70% of the full cost of a used car to the buyer. However, the factors that will impact this choice on the part of the lender include the type and length of the loan as well as the borrower’s credit score. It is critical that the borrower knows that there will be tax, titling costs, and other fees that will be added to the cost of the vehicle, so it is nearly always essential to have some cash to use as a down payment or to have a trade-in that will count towards the down payment on the vehicle. Use our value your trade feature to estimate the amount it could provide as a trade-in to apply to the down payment of your vehicle purchase.

What is the 20/4/10 rule of car buying?

When you are purchasing a car at D.E.L. Motors, you want to ensure you are getting the vehicle you want but also that you are making a wise investment. The general rule that deals with the math side of your purchase is called the 20/4/10 rule. It specifies that you put at least 20% down on the vehicle, whether in cash or the value of a trade-in. Finance your loan for four years to keep the cost of interest down and make your transportation as affordable as possible. Make sure that the total amount of your monthly loan payment does not exceed 10% of your monthly income to prevent overstretching your budget and making paying your Ogden or Wichita rent more difficult.

What are the various levels of credit scores?

There are five levels of credit scores. The highest score will provide the best interest rate and most flexible loan terms, while those perks decline proportionally as the credit score does. The rates include: When your credit score is below the good level, it can be more challenging to secure a loan and you will face higher interest rates. However, please understand that the team at D.E.L. Motors is ready to assist all buyers who are ready to purchase a vehicle, even those with less than perfect credit. Our team works with a wide array of lenders, some of which specialize in loans for buyers with poor credit or no credit history. Please also understand that even if you need to use a bad credit lender, securing the loan and continuing to make the payments on time will help increase your credit score, allowing you to refinance with a better interest rate in the future.

• Exceptional 800 – 850
• Very Good 740 – 799
• Good 670 – 739
• Fair 580 – 699
• Poor 300 – 579