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What to Expect When Financing a Vehicle | Opelousas LA
What to Expect When Financing a Vehicle in Opelousas, LA
Are you ready to buy a new or used car from us here at Giles Nissan Opelousas ? If so, we’ll be thrilled to help you cross the finish line by completing the final step: financing. If you’re dreading the financing process, we’re here to put your mind at ease. Our finance team has helped many customers from all over Central Louisiana find solutions that work for their budgets and lifestyles, and they’re ready to help you too! Not sure where to start when it comes to financing? Take a look at the list of to-dos, documents to bring and terms to know that we’ve assembled below. Once you’re familiar with what the process entails, you’ll feel confident and ready to sit down with our attentive and knowledgeable finance experts. And don’t forget: We’re on your team and ready to help you find the personalized financing that fits your life, so feel free to contact us to ask any additional questions you may have. Let’s dive in!
What do I need to do beforehand?
If you haven’t picked out your perfect Nissan or used vehicle from our inventory yet, ask yourself these questions before you start browsing.
1. What’s my credit score?
You have a higher chance of qualifying for a low interest rate if you have a high credit score.
2. What are the interest rates lenders are offering?
You have a higher chance of qualifying for a low interest rate if you have a high credit score.
3. What can I afford?
Once you know your credit score and understand the type of interest rates you’ll likely receive, you can build your budget and determine what you can afford. Don’t forget to fill out our online finance application in advance so our finance experts can start reviewing your credit and assembling financing offers for you.
What documents do I need to bring?
If you’ve chosen the vehicle you want to buy or lease, please bring the following documents with you to our finance department.
1. Proof of income.
Please provide your pay stubs from the last few months and a summary of your total income in the past year.
2. Credit and banking history.
In order to set up a loan for you, we’ll need information about any other financial obligations or outstanding loans you have. These include mortgage or lease agreements, bank statements, credit card statements and/or alimony or child support payments.
3. Proof of residence.
Please bring mail that shows your name and current address.
4. Proof of insurance.
Please provide proof that your current vehicle is insured so that your policy can be easily amended to include your new vehicle.
Want to finance with another lender, rather than our finance department? Please bring proof of your approved loan with you as well.
What determines my loan terms?
There are many factors that determine your loan terms (in other words, the length of your loan and APR). These factors include your current income, debt, credit history, credit score and where you stand with your insurer. We also learn a lot from your finance application, and we use it to determine the terms our dealership can give you. Once we receive your finished application, our finance department will run a credit check and then contact you to ask some questions about your income in order to determine your creditworthiness. Of course, the better your credit score, the better terms we can offer, but if your credit score is less-than-ideal, don’t shy away from getting in touch with us. We’ve worked with people with a variety of credit scores and financial situations in the past. Don’t wait — start your application today, and you’ll be on your way to driving home in a vehicle you love.
Let’s talk. If you’d like to purchase a vehicle or want to know more about how to finance in Opelousas, LA, drop by Giles Nissan Opelousas at 4383 I-49 South Service Road, Opelousas, LA 70570 for a test drive. We look forward to serving our customers from Carencro, Eunice, Port Barre and Central Louisiana.
