Green Cap Financial also offers North Carolina auto loans and car credit services through the majority of new and used dealerships throughout North Carolina. Call your local branch or our toll free number (866-461-1324) and ask for Green Cap's "Pre-Qualified" auto loan program.
By becoming pre-qualified, customers can focus on selecting the right vehicle and then negotiating the price of their vehicle, rather than worrying about the financing!
ARE THERE ANY COSTS TO PRE-QUALIFYING?
Absolutely not! Your Green Cap representative can discuss with you payment plans, monthly payments that will work with your budget, etc, in addition to covering questions about warranties, GAP coverage, or other auto loan products or services offered by the dealership. By understanding up front what these products do, you are more informed and are in a better position to determine if its the right addition to your car purchase.
ARE THERE OTHER THINGS TO CONSIDER WHEN PURCHASING A CAR?
YES! While most car buyers know what payment is good for them, sometimes other expenses are overlooked when determining how much to spend and budget. In addition to your monthly auto loan payment, other expenses include your insurance (full, comprehensive coverage is required on financed vehicles), scheduled maintenance, care and upkeep, etc. Be sure and include these neccessary expenses when determining what monthly payment is good for you.
THE DEALER SAID I CAN BUY A MORE EXPENSIVE CAR WITH THE PAYMENT I WANT BY EXTENDING THE TERM. IS THIS A GOOD DECISION?
Absolutely not! Extending the term often means that you will always owe considerably more on your vehicle than it's worth. In addition, your overall cost of the vehicle is substantially more because of how much more total interest you paid on your loan.
For example, your budget calls for a $350 a month payment. If you are looking at a three-year-old vehicle, the standard term should be 42 months (3 1/2 years) @ 18% interest you could finance $10,848. Your total payments, including interest would be $14,699.
The dealer shows you a more expensive three-year-old car ($13,783) but can keep your payment at $350 by extending the term to 60 months (5 years), your total payments, including interest would be $21,000.
PURCHASE WITH CONFIDENCE
AN INFORMED DECISION IS A BETTER DECISION