Figuring Out Your Number: A Guide to Financing from Hiley VW of Arlington
When you’re looking for the best deals on pre-owned or new Volkswagen cars, at some point you’re probably going to take out an auto loan to bring that new 2020 Volkswagen Atlas home. So today, Hiley VW wants to share with you some important things to know about financing, and what our Arlington, TX VW dealership does to make sure you’re getting the monthly price you deserve.
When it comes down to it, the financing process is an agreement between three parties:
- You: the person that wants to get money to buy a new VW, which you’re willing to pay back monthly in the form of an auto loan
- A financial institution: Often a bank or credit union that provides auto loans, and
- The dealership: the company that wants money for their great selection of Volkswagen cars.
The amount you pay each month is determined by a number of factors: your credit score, the institution you’re dealing with, and the total cost of the vehicle minus any down payments, the large sum of money you present at the beginning of negotiations – keep in mind this isn’t always a necessary part of the vehicle purchase process). The more of a down payment you can bring to the table, the less you’ll need to finance, and the less time you’ll need to pay it all off. So how do you go about getting a good down payment? That’s easy – with your pre-existing car!
A really great way to get a down payment or boost an existing one is to offer your current vehicle up as a trade-in. We always offer fair deals on trades, so it’s a great way to keep your payment low or maybe upgrade to a higher trim that you could ordinarily afford.
So come into our Arlington Volkswagen dealership today to get the best price on VW vehicles out there today! Our expert Volkswagen financing department is here to make sure you’re going to drive away happy and prepared, with a payment plan that’s perfect for your budget.