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Five Ways to Make Car Financing Easy Online

Five Ways to Make Car Financing Easy Online

Buying a new or used car can be very exciting. However, for many consumers, having to wade through the confusing and stressful financing process can take away some of the excitement. At Richmond Chrysler, Dodge, Jeep, we understand that having to deal with a finance department can be a long, tedious task. That is why we offer a quick and easy way for our customers to finance a car. If you are looking to finance a vehicle, online financing may be the right solution for you. Here are five ways to make online financing easy.



Your Credit Score



It is no secret that your credit score can affect your ability to get a car loan. However, having a bad credit score does not necessarily mean that you will be denied for a loan. Instead, it means that you may have higher interest rates than someone with a high credit score.


At Richmond Chrysler, however, we work with various lenders to ensure that you are getting the best rates. If you are not satisfied with the first price quote, simply let us know and we will check with a different lender to see if we can get you a better rate that better fits your monthly budget. Whether you have good credit, bad credit, or no credit, our experienced professionals can help get you the best loan.



Know Your Budget



It is unfortunate when someone picks out the perfect car for them only to later realize that they cannot afford it. Before you start looking at vehicles, figure out how much money you could spend each month and while still being able to cover your other expenses. To help you figure out which vehicle would be in your price range, you can use our convenient payment calculator.


Also, it is a good idea to figure out when you would like to pay. Or would like to set up a monthly payment plan? Or would you be more comfortable making payments every other week? At Richmond Chrysler, our finance team will set you up with a payment plan that fits your needs.



Apply For a Loan Online



It is advised that when you apply for a loan, you should check with multiple lenders before making a decision. However, if you have several lending companies check your credit score, it could impact your score negatively.



Once you fill out an online application with us, we will work with multiple lenders to get you the best rates. Because you are filling out one application with us, your credit is only checked one time. This can be very beneficial when trying to find the best rates.



Talk to a Qualified Professional



Once you have filled out the pre-approval online application, you will want to talk to an experienced professional in our finance department. The finance team may need some additional information from you, such as proof of residency or proof of employment, before you can be officially approved. You can call or stop by at your convenience to talk to one of our experienced and friendly professionals.



Make Online Payments



Once you have been approved, it is important to make your payments on time. If you have bad credit or no credit, getting a car loan and making regular payments is a great way to boost your credit score. Be sure to ask the financing team about when your first payment is due so that you are not late.

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