Jaguar Financing Frequently Asked Questions

Jaguar financing is an integral part of the car-shopping process. There's a lot to think about, and the subject can be intimidating at first. The good news is that the friendly finance experts at Jaguar Northfield will be with you right from the start. We believe in full transparency, so we're offering the answers to some of the most common questions we field.

How do I Calculate My Budget?

A good rule for calculating a car budget is to set aside no more than 20% of your monthly income for your monthly car expenses. These expenses will include your car payment, fuel costs, and insurance. If you purchase a pre-owned Jaguar car, consider setting something aside for maintenance, depending on the vehicle's mileage.

How Does My Credit Score Affect Financing?

The higher your credit score is, the better your chances of qualifying for our lowest financing rates and special offers. But a high credit score isn't the be-all, end-all. If you have a low credit score, you may be required to pay a slightly higher interest rate or put more money down. But we'll do our best to customize a package that fits your specific needs. We also offer tips on how to raise your credit score to help secure better terms.

Should I Lease a Vehicle?

Leasing a car can be a great option depending on your lifestyle. If you like the idea of driving a new Jaguar model every few years, don't drive more than 10,000 miles annually, and are comfortable with not getting any long-term equity from the vehicle, a lease is definitely something to consider.

What is an Annual Percentage Rate?

Annual percentage rate, or APR, is the yearly amount of interest that you pay on your car loan. So if you secure a car loan of $65,000 for a new Jaguar F-PACE and the APR on the loan is 5%, the amount of interest you'll pay per year is $3,250.

Does Your Dealership Have Special Offers?

We regularly offer a range of special offers covering our new, pre-owned, and certified pre-owned inventories. These specials include both lease and finance opportunities, and we encourage you to contact us for further information.

Apply for Jaguar Financing in Northfield, IL

Whatever concerns you have about financing a luxury car, our Northfield, IL Jaguar dealers will put them to rest. Get preapproved online for financing today or visit our showroom, and we'll walk you through the process in person. Whichever route you choose, our goal is to help you find the best luxury automobile at the best price. Schedule your test drive appointment today!