The down payment amount is determined by many factors. The banks will usually finance the entire sale price of the vehicle, so in many cases no money down is required. If you have bad credit or no credit you may be required to have some money down but every situation is different. You can use our payment calculator to get you started.
What is the term of the loan?
Depending on the year of the vehicle will usually dictate the term. On new and newer vehicles 60, 72 and 84 months are common. Typically with good credit the bank will finance a new vehicle for 84 months. Bad or troubled credit may shorten up the term. But here at Brandl Motors we match your terms to what best matches your lifestyle and do our best to keep you in the best equity position.
Will my trade qualify for money down?
Yes!! Additional money, however, may be required if there is a Lien on the vehicle you are trading. We pay top dollar for trade in's.
When is my first payment due?
Typically it is 30 to 45 days from taking delivery of your new vehicle. On occasion you will see 60 to 90 days to first payment, ask a finance specialist for details.
How many banks or lending institutions do you use?
We use 12 different banks, credit unions and lending institutions to get our customers the very best interest rate and term. We have a bank that offers 100% Guaranteed Credit Approval .
How can I get my payments lower?
Lowering a payment can be done by reducing the amount financed (putting money down or trading a vehicle in) or stretching out the term of the loan.
Can I pay the loan off early without penalty?
Yes, there is no penalty, pay off the principle amount of the loan at any time
Yes, all 12 of our lenders report to the credit bureau.
Do you offer buy here pay here?
We guarantee 100% credit approvals without having to do buy here pay here. Our finance specialist have built relationships with numerous banks, credit unions and lending institutions to find the right finance package for each customer.
Will inquiries affect my credit ratings?
If you're shopping around for an auto loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquires can actually make getting an auto loan more difficult.
Will Cosigners help?
A cosigner may be considered for a buyer who does not qualify for all the credit requirements. The income of the buyer, however, must meet all the income and budget requirements without reliance upon the income of the buyer.
What if I have been through a Divorce or filed Bankruptcy or even had a Foreclosure on my house?
A very good question for which there is not a direct answer. Rates are based on your credit profile and the equity position of the loan. We will get you the best rate based on your credit profile. The higher your credit rating and down payment the lower your interest rates will be. Also, the model year of the vehicle plays an important role. The older the vehicle, the higher the rate.
I have never had a loan before. Do I qualify?
Brandl Motors works with Banks that offers First Time Buyer Programs.
I have had a repossession less than a year ago. Do I still qualify?
If the repossession was not included in the bankruptcy and there is still a balance left on the account, you can still pre-qualify. Greater money down may be required and vehicle selection will be limited to newer cars that are still under warranty.