FINANCING OR CASH

Affordability will probably be a critical factor in your purchasing decision. Financing is considered unless you win the lottery or have managed to save up enough to buy outright. Financing a vehicle is another word for borrowing. You will be borrowing a set amount of money for your car and be given a timeframe or “term” with a pre-arrangement amount to pay weekly, bi-weekly (every two weeks) or Monthly. The bank or lender will also charge an “interest rate” (cost to borrow) which is included in your payment. Your interest rates could vary depending on your credit history or financial situation. Finding an institution that offers credit to individuals with no credit or bad credit is highly difficult. At Southbank Dodge, we have developed a strong and trusted relationship for more than 40 years to help individuals in those situations get approved.