Understanding Your Credit Score
Credit scores are designed to help financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if) you will pay your bills. The higher your score, the greater your chance of receiving a better financing offer from Finch Chrysler.
Why Finance with Finch Chysler?
The Finch Chysler finance process, staffed by a group of financial service experts, is fast, competitive, and features offers tailored for specific customer needs.
What factors impact monthly payment?
Down payment, the amount financed, term (length of contract), and the annual percentage rate (the yearly cost of a loan) all affect the monthly payment.
What does your credit score mean?
Your credit score is designed to help financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if) you will pay your bills.
The higher your credit score, the greater your chance of receiving a better financing offer from Finch Chrysler. Four contributors to your credit score are:
- Timeliness of previous and current payments
- The length of your credit history
- The type and amount of your debts
- Your public records
How are auto finance decisions made?
Financial institutions typically take four major factors into account:
- Down Payment
- Vehicle specifics (model, style, age, mileage, and cost)
- Application information such as income, time at current job, and time at residence
- Credit history
How much should I budget for my car payment?
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
I have excellent credit, what can Finch Chrysler do for me?
Finch Chrysler can offer you highly competitive terms, reduced time and effort, and a transparent transaction, guaranteed.
I have had past credit problems, what can Finch Chrysler do for me?
Our Auto Finance Specialists work hard for our customers in order to accommodate most credit profiles. Even with past problems, you will still get the credit you need, the car you want, and the respect you expect and deserve as a Finch Chrysler customer.
Can I apply for credit online?
You can apply for financing on our website by filling out our quick, simple and secure Credit Application form. You can access our credit application form by clicking the "Apply for Financing" button located on every page of our site.
What documents should I bring?
All buyers should bring a valid government-issued drivers license, a current pay stub, and a void cheque. Because different financing companies may require additional documentation, you will want to contact a Sales Consultant for a complete list of what you'll need to buy a car from Finch Chrysler.
If you also intend to sell a vehicle to Finch Chrysler, please contact a Sales Consultant for a complete list of what you'll need.