Is North Carolina auto financing right for you?
For some, the cost of buying a car in Graham North Carolina is the only thing that keeps them from buying a car. For others, not knowing the type of auto financing available, you have to decide what you want for the car or the model car you may be able to afford.
Though there are several different types of auto loans to choose from, the most common are for new cars and for used cars. For new cars around North Carolina, the interest rate is typically about 6.25% – 6.5%, and the payment period is typically about 5.5 years. For used cars in North Carolina, the interest rate is typically about 3.75% – 4.5%, and the payment period is typically about 3 years. If you are not able to pay the short auto loan, it can be refinanced.
How many cars can you afford in North Carolina?
For those who can’t afford a car, the cost of a car in Graham is too high. For those who have the money to buy a car, it can be expensive to pay cash for the car. So what do some people do? They put down a hefty down payment on the vehicle and finance the rest. You have to be able to either have a large down payment or save to do that. Some car dealers may take low money down used car payments in North Carolina.
Now if you have bad credit in Graham don’t worry we work with a number of special finance car dealerships that may be able to get you approved if you have
- A down payment of $500 or more for the vehicle
- A job – at least $1,500 income
- A valid driver’s license
- You’re a resident of Graham North Carolina
Take your time browsing cars
We will advise you that it might take some time to find a used car in some areas of North Carolina but it’s best to start online today. Inventories change daily and we don’t want you to miss out on a good opportunity on a fair-priced vehicle.
Some car dealerships in the Graham area may have a larger inventory than others that’s why we want to suggest having your credit score and finances in order.
Expand your search for a used car in NC
Used cars in North Carolina move fast and you don’t want to miss out if you have been looking for a vehicle for a while.
In the state of North Carolina, we have helped thousands of people locate new and used cars at their neighborhood car dealerships and we want to offer you the same success today too. Let’s see what type of car deal we can find you today.