You likely have a lot of questions when heading on over to our Alfa Romeo finance center near Tampa Bay. After many years of interacting with customers, we have come up with a list of the most commonly asked questions regarding vehicle financing.
What’s the Total Cost?
Remember that the price of a car shown on the dealership website or ad is the manufacturer suggested retail price (MSRP) and doesn’t take into consideration additional fees.
When you buy a car, additional charges include:
- Sales tax
- Excise tax
- Documentation fee
- Destination fee
- Registration fee
Cost can also differ dramatically if you opt for premium trim lines or add-on packages or accessories.
Can I Get Approved with an X Credit Score?
You should perform a credit score check beforehand. Inquire whether the score makes you eligible for improved loan and interest rates.
Even if you’re eligible for a loan, ask if a higher score will net you a better interest rate, and if so, what score should you aim for.
What Are the Terms Regarding Early/Late Payments?
Will there be a penalty if you make a late payment or two? What if you elect to make payments early or pay a higher amount?
Some lending institutions do impose a prepayment penalty that you should be aware of.
What’s the Minimum Down Payment?
To qualify for certain loans, you may have to make a set minimum down payment. The minimum is often higher if your credit score is less than stellar.
Enquire what’s the minimum to be eligible for the desired loan rate.
Whether you’re interested in the Alfa Romeo Giulia or Alfa Romeo Stelvio, our finance department will help you secure a loan that’s in line with your existing credit history and budget.