How Much Can You Afford Each Month?
Buying a new or used car requires a lot of planning and preparation. You have to research every model under consideration diligently. Then, the time comes for you to work the numbers until you find a monthly payment that matches your budget constraints. How much you pay each month depends on a few factors:
- Amount of Down Payment
- Value of Trade in
- Credit History
- Loan Term
- Vehicle Sticker Price
Credit history plays a significant role in determining the loan interest rate. Credit worthy customers that visit our Portland, Oregon area dealership typically enjoy lower interest rates than our credit challenged friends. Higher interest prevents some customers from buying more expensive cars, as interest eats a substantial portion of a monthly car loan payment. The key to buying a vehicle from Newberg Dodge Jeep Chrysler involves discovering your credit score and from there, determining the interest rate that corresponds to your credit history. Once you learn the interest rate, you move forward to use our online payment calculator to find the optimal monthly car loan payment.
Easy to Use Auto Loan Calculator
The finance professionals at Newberg Dodge Jeep Chrysler have devised an easy to use online payment calculator that allows our loyal customers from the Portland area to play around with numbers until they reach a monthly payment that they can afford. Enter the car price in the top box, followed by the down payment for the vehicle. Remember that a trade in goes a long way towards funding a large vehicle down payment. Next, input the interest rate of the car loan and loan term. The loan term changes monthly car payments considerably, with loan terms ranging from 12 to 84 months. Hit the reset button to discover the monthly vehicle payment.
Does Bad Credit Mean No Car Loan?
The economic meltdown of late 2008 shook the financial foundations of many customers that visit our Portland, OR dealership. However, the finance team at Newberg Dodge Jeep Chrysler works with a wide variety of lenders, many of which develop loan packages for customers that possess less than stellar credit histories. We will work with you to give our credit challenged customers an affordable way to purchase new cars and rebuild credit.
Visit Newberg Newberg Dodge Jeep Chrysler to learn more about financing a new or used vehicle. One of our accomplished finance experts can help you perform loan payment calculations to find the right loan package. We are conveniently located less than 25 minutes southwest of downtown Portland, Oregon and five miles west of Interstate 5.