Car buying can be exciting, but sometimes, it’s easy to get caught up in the stress of the numbers and fine print. That’s why the customer service associates at Feyer Ford are here to see you through the entire process.

In this blog post, we’ll give you a brief explanation of how auto financing works when you shop at our Williamston, North Carolina, dealership.

Auto Financing Explained in 4 Steps

You determine your budget

You’ll want to know up front how much car you can afford. What’s your monthly income? How much money do you have saved up? What amount, if any, are you willing to put toward a down payment? Are you prepared to offer a trade-in? Will you have a cosigner? These are all valid questions. 

Our payment calculator can help you decide what kind of monthly figure you can afford. And, of course, you can fill out a pre-approval application to see if you qualify for financing at our location.

You pick the car you want

Now that you know your price range, it’s time to find a car that falls within it. We’re confident you’ll have no shortage of options at Feyer Ford. There are plenty of fairly-priced models in our inventory of new cars for sale in Williamston, NC. And if you’re not quite ready to go that route, plenty of alternatives await at our used car dealership.

You decide how you’re going to finance

Figuring out how you’re going to pay is perhaps the most important step. If you’re going to finance rather than lease, you essentially have two options: direct lending or dealership financing. Our working relationship with various financial institutions ensures 

When you go through Feyer Ford, our finance representatives build a customized plan that works for you, starting with a fair price. Our working relationship with various financial institutions ensures you the most competitive Annual Percentage Rate (APR), as well as a credit contract length that suits your situation. 

You drive home in your new car

Now comes the fun part. Once you’ve settled on your finance agreement, it’s time to enjoy your purchase. You’ll be obligated to pay your agreed-upon premium once a month, and if you have any questions, the folks in the Feyer Ford Finance Center are always here to help.

Explore Your Options in Williamston, NC

If you still have questions, feel free to contact us now. Otherwise, visit our showroom in Williamston to get the ball rolling. We’re happy to serve customers in Edenton, Plymouth, and the entire North Carolina Inner Banks region.