Finance Terms | Bradenton FL

Finance Terms

Finance Terms in Bradenton, FL

For nearly all car buyers, purchasing a vehicle equals going through the financing process. Surprisingly, even used cars can reach peaks in price that don't enable many people to purchase in one sitting. However, many customers, chiefly first-time buyers, are sometimes intimidated by the prospect of a car loan and financing. Here at Gettel Hyundai of Lakewood, we get that. This is usually because of the considerable amount of financial requirements, credit scores and general options for financing.

Luckily for you (and other buyers in the Bradenton area and beyond), we're ready to help you get behind the wheel of the awesome Hyundai you deserve. Our finance department at Gettel Hyundai of Lakewood is committed to giving our customers as stress-free and excellent of an experience as possible. Keep reading to learn more about the average vehicle finance terms that are accessible for most buyers.

Usual Vehicle Finance Terms

What is considered "regular" is different for every customer, but lenders usually propose 36-72 month car loan terms. This means that you have three to six years to pay off your new vehicle (plus interest) to the lender. The major aspects that vary with these terms are your interest rate and loan terms, since these are dependent on your credit score and down payment.

Curious about what your interest rate will be? Simply take a peek at your financing term. Generally, a 72-month loan term will have a lower payment than its 36 or 48-month counterparts, but the interest rate will be higher. Most finance companies will suggest that you select a shorter loan term for a few reasons including: less of a chance of being "upside down" on your loan, retaining more value in a new car and less interest will be paid long term.

Financing with Gettel Hyundai of Lakewood

Ready to drive home in your new Hyundai? All you have to do next is fill out our finance application and someone from our qualified finance team will contact you as soon as possible. Also, feel free to take advantage of convenient tools on our website, like our payment calculator.

If you have any questions or want to know more, give us a call or stop by our dealership at 5921 FL-64, Bradenton, FL 34208. Gettel Hyundai of Lakewood proudly serves customers from Ocala and Jacksonville.