Different Types of Auto Financing

Cars are a major investment for anyone. No matter what your income level or credit rating, there is always a way to finance the cost of a vehicle. The rate of interest is determined by your credit rating which reports your creditworthiness. Also taken into consideration is your ability to pay—annual income is the most important of these conditions.

You often find financing available at the car dealership. The dealership does not finance the loan itself; rather, the dealership has worked hard to establish a financial relationship with several types of financing institutions. These can be banks, national financing organizations, or even local financers that take the risk of you paying them back with interest. Then, there is the alternative of an interest-free loan from a relative, but that does not happen often.

At Twin State Ford Inc. in Saint Johnsbury, VT, we have several financing options for your consideration.

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