Budget Conscious Solutions

We offer our customers a wide range of carefully chosen financing options, from among the most competitive and affordable lenders available.

Quick Application Process

Our Finance Department will work with you to complete your personalized credit application as quickly as possible.

Honesty & Integrity

Integrity is one of the most important aspects of our business. Our lenders have a great reputation of keeping personal information private. We also offer our "First Mile Protection Plans" with all of our auto sales to ensure your complete satisfaction.

Car Loan Decisions & How They’re Made

You can always count on VW of South Charlotte to give it to you straight when it comes to auto financing. It’s important to us our valued customers understand the different loan options and how we can help secure the best fit for you and your budget. There are lots of factors that are important in determining which financing option is the best fit for you. Some of the main factors considered include:

1. Your income
2. How long you've been at your current job
3. Your credit score and history
4. Your trade in and down payment
5. The type of vehicle you are purchasing

At VW South Charlotte, we expect everyone on our staff – sales professionals and finance professionals alike – to keep your needs and your budget in mind from the very beginning of the sales process. We want to help put you into a vehicle that’s a perfect fit for your needs without overburdening your bottom line.

---

Factors Affecting Your Monthly Payment

Auto financing really isn’t quite as complex as some would like you to believe. There are lots of factors that affect your monthly payment, but there are some basic factors that go into determining your monthly payment regardless of who handles your financing. These include:

1. The Annual Percentage Rate (APR) of your loan
2. The length of your loan
3. The total amount of your loan (purchase price of the vehicle, less any down payment and trade)

---

How Your Payments Are Affected

---

Credit Scores and Your Auto Loan

The biggest factor any auto lender will use in determining the terms of your car loan is your credit score. There are a number of major credit reporting agencies, and each one tallies your score using their own method. The lender then uses one or more of the credit agencies’ scores to make their lending decision.

By the Numbers

Credit scores typically run between 350 and 850

Risk Assessment

As a rule the closer the score is to 850, the lower the risk is thought to be.

How Is Your Credit?

Whether it is perfect or not so great, we can custom design the right financing package for your next vehicle purchase.

---

---

Tips for Car Finance and Budgeting

Regardless of how good your consumer credit score may be, purchasing an automobile is often a challenging task. If you're a first-time buyer, have a shorter credit profile, or simply have a few dings to your credit, it might be quite grueling. So we've accumulated several finance and borrowing suggestions to make your entire car-buying experience as effortless as possible.

Choose a car at a price tag that will fit your finances

Your sales professional will assist in determining what price level of automobiles is appropriate for the payment you are considering. You can also use monthly payment calculator above to get an idea of what your payment maybe before you stop by.

Optimize an upfront payment

Raising your initial payment reduces your entire monthly payment, and will strengthen your offer and probability of acceptance.

Ensure Accuracy

Be sure to provide accurate and complete information on your credit application.

Get an estimate on your trade-in vehicle.

You should have an idea how much value there is in your current vehicle, in the event you’re thinking of trading it in, and to also obtain an improved understanding of the total purchase. In case you aren’t certain, wecanpresent you with a no-cost estimate of your current car, as well as contact your financing company so you can get the most accurate vehicle value.