Financing FAQ

Auto Financing With Sands Chevrolet Surprise FAQ

Buying a car is a process. First, you look into the Chevrolet vehicle you like, and next you must seek out responses to your financial questions. Sands Chevrolet Surprise desires to make car buying in Surprise as easy as possible for you, which is why we supply an auto financing FAQ. If you can't find the answers to your questions on this page, then call us at (623) 748-0856 and one of our finance professionals will be in touch.

Direct Lending Vs Dealership Financing in Surprise

What's the most important difference between Direct Lending and Dealership Financing, aside from who you make monthly payments to? Direct lending in theory gives you freedom to search around and evaluate lender rates, but it also can be a hassle. Financing with Sands Chevrolet Surprise implies we find competitive market bank rates, which saves you time and gets you into your new car faster. If you want to shop around for other auto financing options in Surprise, Sands Chevrolet Surprise encourages you to do so. We encourage this because we know the more research you do, the more satisfied you'll be with your final vehicle purchase.

Frequently Asked Auto Financing Questions

1. What's APR or Annual Percentage Rate?

APR is the interest rate expressed annually on the unpaid balance of your auto loan.

2. How is my APR rate decided?

There are many variables associated with defining APR rates. One variable is current economic bank rates, another is credit history, still another is your down payment on the auto loan, a fourth is the exact amount you decide to finance, as well as the type of car you're financing and the length of your financing contract.

3. What is Fixed Rate Financing?

Fixed Rate Financing is when the finance rate stays the same over the life of the auto loan, making your payments the exact same over the life of your loan.

4. What is Variable Rate Financing?

Variable Rate Financing is where the finance rate changes depending on market trends, making the amount you pay over the life of the loan fluctuate compared to market bank rates.

5. What is Wholesale Rate?

The Wholesale rate signifies the rate at which the assignee purchases a retail installment sale contract from Sands Chevrolet Surprise.

6. Who is the Assignee?

The assignee is the bank that purchases your auto loan from Sands Chevrolet Surprise.