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Auto Loan Basics
Buying Tips
Check out the links for more buying tips.
Loan Options and Details
New Auto Loans
- A new vehicle has never been titled other than with dealer
- 100% of purchase price less rebates and incentives will be financed including tax, title,
- Registration and warranty (less any rebates)
- Maximum term of 7 years
- Minimum loan amount with seven years is $25,000
- Collision and comprehensive insurance required
- GAP protection available
- Debt Protection may be available
- Vehicle Service Contract may be available
Used Auto Loans
- Finance up to 100% of the retail value as quoted in the NADA guide
- Minimum loan amount is $2,500
- Any model year up to 2014: maximum term of 48 months
- 2015 – New: maximum term of 75 months
- 2018 – New: maximum term of 84 months
- Collision and comprehensive insurance required
- GAP protection available
- Debt Protection may be available
- Vehicle Service Contract may be available
Maintain Your Car & Reduce Driving Costs
- Change your own oil — search YouTube for instructional videos for your car. For example, you could search for "Change oil 2005 Subaru Forester."
- Change a flat yourself — http://www.edmunds.com/how-to/how-to-change-a-flat-tire.html
- Keep your tire pressure correct to improve gas mileage and avoid flat tires — http://www.tirerack.com/tires/tiretech/techpage.jsp?techid=1
- Replace your own cabin filter instead of buying the expensive one from the dealer. Stop at your local auto parts store and just ask them for a cabin filter for your make, model and year.
- True Cost To Own Calculator
- AutoZone How-To Video Library
- AutoZone Online troubleshooting tools for novices
- Advance Auto Parts How-To Videos