Interest rates are extremely important to many car buyers. Indeed, the
interest rate you get on your loan can often influence whether or not
the monthly payment fits within your budget.
Although it is
impossible to predict an exact interest rate without pricing and credit
information, you will almost always qualify for a better rate and term
at The Superstore than anywhere else on the Seacoast.
The Superstore maintains cohesive partnerships with over 30 separate
lending institutions of all sizes. These partnerships allow us to
provide our customers with the lowest possible finance rates and most
competitive terms. Our lending network includes a variety of
institutions throughout the region.
Here are some of the things that might influence your interest rate:
Your own personal credit history: Those with great credit history will
usually qualify for the best finance
2) The year of the vehicle
you're financing: As a general rule, the newer the vehicle, the lower
your interest rate. This speaks to the level of risk the bank is taking
by offering financing on the vehicle you've chosen. The newer the
vehicle, the lower the likelihood you will have to spend money on
3) The mileage on the vehicle you're financing: As a
general rule, the lower the mileage, the lower the rate. This is
similar to the year of the vehicle.
4) The type of vehicle you're financing: Although this is very rare, some banks favor certain makes/models over others.
Where you're purchasing your vehicle: Some dealerships, like The
Superstore, have the ability to help you qualify for lower rates than
you would at other places.
6) The amount of cash you're applying
toward the purchase: Contributing a cash down payment to an automobile
purchase often positively influences your interest rate because it
decreases the bank's risk position in the transaction.
Here is a
list of some of the lenders we can connect you with: Capital One, TD
Bank, Northeast Credit Union, Bank of America, Chase, Ally Financial, GM
Financial Americredit, Santander Consumer USA, St Mary's Bank, Service
Credit Union, Triangle Credit Union, Holy Rosay Credit Union, Digital
Credit Union (DCU)
Would you like more info in our finance options?
A qualified, knowledgeable representative will be in touch shortly.