Buying or leasing a vehicle is no simple task. In fact, it can be downright bewildering at times. Here at Crown Kia of Tyler, we try to make financing as simple as possible. However, if questions still arise during the process, we are happy to answer them. The following are five of the most common questions about vehicle financing that we receive.
Q: Should I buy a car or lease a car?
A: That really depends on what you are looking for in a vehicle. For example, leasing ensures that you receive all of the latest features each year. However, you can modify your vehicle however you would like after you buy it. Each option has its own benefits.
Q: What should I do if I know that one of my payments will be late?
A: Contact your creditor as soon as possible once you realize that you won’t be able to make a payment on time. Many creditors are willing and able to help you out.
Q: What are the advantages of financing through a dealership?
A: Financing through a dealership consolidates your car buying and financing experience into one convenient location.
Q: What is direct lending?
A: Direct Lending involves receiving a loan directly through a bank or other financial institution.
Q: What are the responsibilities of a co-signer?
A: The co-signer is held to equal accountability as the primary signer during a financial transaction.