Finance a Car Today!
At Nissan of White Marsh, we believe everyone deserves to be in a great new car they love. One of the most challenging parts of a getting a vehicle is finding a reasonable auto loan.
Your credit will impact your borrowing options. Bad credit will hinder your chances of getting an auto loan or a good rate. One of the only ways to improve your score is to build it by borrowing, which is hard when no one is willing to lend to you.
We know auto loans can be complicated. One of the main concerns people have when they want to purchase a car is their monthly payment. Your monthly payment will be determined by:
The loan amount that you are requesting from a lender
The interest rate (APR)
A loan term (the length of the loan)
The longer the loan the more interest will accrue, which will increase the total amount you need to pay back over the life of the loan. The bigger the down payment you can make the lower the principal of the loan will be, which will also reduce how much interest accrues and your monthly payments.
Shorter terms mean you’ll pay more each month, but you’ll owe less in the long run. Longer terms with lower monthly payments are often easier for people to budget.
There’s no one-size-fits-all loan solution for car shoppers. Our auto financing professionals would be happy to discuss your options so you can get a used vehicle loan that works for your budget.