How Does Financing a Car Work?

woman holing car keys

Are you looking for a new car to take from Breckenridge to Fergus Falls? While you could pay in-full, most of our customers take out a finance plan. But what does it mean to finance a car? How does financing a car work? While auto financing seems complicated, the team at our new car dealership near West Fargo is always ready to help you learn everything you need to know!

How Does Financing a Car Work?

How car finance works is a dealership, a credit union, or your bank will lend you money to buy a car, and you pay back with interest over a predetermined amount of time. You can either apply for a loan when you visit our dealership near Fargo, or you can start the process online. Here’s what our finance center will take into account when you apply for financing online:

  • Credit Score
  • Loan Amount
  • Length of Loan
  • Debt-to-Income Ratio
  • Age of the Vehicle

finance calculator

Choose Your Lender

If you’ve been approved by multiple lenders, it’s important to shop around. Remember, just because you’re approved doesn’t mean you’re bound to it. Consider all your options so you can be completely sure your rate works for you! Compare the different offers from your credit union, your bank, and the dealership itself, so you can choose the plan that works the best for you.

Finalize and Drive Home from Dakota Chrysler Center!

Now that you’re no longer asking “what is financing a car?” it’s time to work out the exact details of your plan. You’ll choose your car, truck, or SUV from our new or used inventory, and then you will negotiate with our finance team. Once you’ve signed on the dotted line, it’s time to drive off our used car lot in Wahpeton and drive to Sisseton and beyond! If you have any questions for our team, don’t hesitate to contact us today! Our specialists are always ready to help you take home the car, truck, or SUV you need, and help you decide if gap insurance is worth it, or what a good interest rate on a car loan is.

Learn More With Dakota Chrysler Center

  • 2019 Ram 2500 Towing Capacity | Dakota Chrysler Center

    The 2019 RAM 2500 is a powerful pickup truck that can handle any tough job! With a maximum towing capacity of 19,780 pounds, this heavy-duty RAM can tow larger equipment and help complete your major job tasks in the Breckenridge area. With two available engine options and the strength to tow thousands of pounds, critics…

  • Customize Your Ride with Jeep Wrangler LED Headlights

    Would you like to take visibility on your 2019 Jeep Wrangler to the next level? Jeep Wrangler LED headlights can be equipped for superior nighttime visibility around Breckenridge and West Fargo. While some top-trim Wranglers offer LED lighting, you can always outfit a lower trim with OEM Mopar® LED bulbs. Our parts department makes it simple…

  • Your Guide to the Red River Zoo in Fargo, ND

    Spanning 34 acres, the Red River Zoo Fargo is home to 89 different animal species from all over the world, including an impressive range of animals from Northern Asia, Northern Europe, and North America. The award-winning zoo is also committed to deep conservation work and educating the community. Check out some of our favorite exhibits…