FAQ | Frequently Asked Questions About New & Used Car Financing

 

Contact

Central Auto Group

98 Lathrop Rd
Directions Plainfield, CT 06374

  • Sales: 860-564-8020
  • PARTS & SERVICE: (860) 564-4014

Common Questions for Auto Financing

Choosing Central Auto Group in Plainfield, CT for financing will give you a team of experts to help, but we want to address some of the most common questions that come with auto financing. You are always welcome to contact our team, or to take the short drive from Coventry, RI, to get all the information that you are looking for.

What should I do with my current vehicle?

There are several options of what you can do, the most common include passing your car to another family member or selling it.

By selling it you will have more money to put towards your next vehicle, which will be more helpful in the long run by giving you a larger down payment. Our team can help if you want to sell your vehicle, offering an online appraisal tool and straightforward process for buying your vehicle.

How do I get the lowest monthly payments?

Lower monthly payments come from two things: a higher down payment and lower interest rates.

As mentioned, selling your current vehicle will help you with a bigger down payment, which leaves less to split up between months. The lower interest rate comes from having a good credit score. The better your score, the lower the interest rate we can offer.

Do I need good credit to get financing?

While good credit can help you get a lower interest rate, it isn't essential to finding financing for a car, truck, or SUV near Mansfield, CT.

We work with many different lending companies to make sure you can always have the best chance of finding the plan that is right for your needs.

Still Have Questions? Our Team is Here to Help

While these are some of the most common questions, they aren't all the questions. Our experts are excited to help you with more specific questions about your situation, making sure you can be confident with your loan or lease near Norwich, CT. We encourage you to visit or contact our dealership to get started!