While the basic idea of buying a Jaguar car is pretty simple, it becomes a little more complicated when you don't plan completely your purchase. Jaguar financing can be complex if you have never done it before, which is why it pays to get all of the information you need. Here Jaguar Northfield answers five questions that we often get about it.
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How Does Financing Work?
If you don't have the entire sale price for your new Jaguar model, financing is an excellent option. This involves putting up a percentage as a down payment and then borrowing the rest from a lender. This will then be paid off over time.
Is Financing Only Available for New Vehicles?
There are many myths surrounding financing, and one that many people believe is that you can only use it for a new vehicle. The truth is that even if you are looking for a pre-owned Jaguar car, financing is an option.
Does Credit Affect Financing?
Before they decide to give you a loan, lenders will look at several factors, including your debt and income. Your credit score will also be examined, but even if it is on the lower side, you should still be able to secure a loan for your vehicle.
How Can I Reduce Financing Costs?
One of the best aspects of financing is that you have a lot of control. For example, to cut costs, you can increase your down payment. If you are looking to replace an older car, be sure to find out what it's worth, as this can give you extra money for your new vehicle. Going with a shorter loan term will also result in not having to pay as much in interest.
How Can I Start the Jaguar Financing Process in Northfield, IL
You don't have to wait to start the Jaguar financing process. The first step is to get pre-approved for your loan, and our Jaguar dealership in Northfield, IL, makes this easy. All you have to do is fill out our online application. If you have any questions or concerns, feel free to get in touch with us.
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