Welcome to Elliff Motors Finance Department, your auto loan and car lease resource. We're eager to provide financing for your car today. All types of credit, from good to bad, can qualify for an auto loan. No credit, no problem! We will work with you to secure a no credit car loan if your situation demands it. Elliff Motors has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs.
Low interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. You're just a step away from approved car financing!
How financing decisions are made:
At Elliff Motors, we pride ourselves on making the financing process as easy and affordable as possible. To this end, we've gathered information to help you understand how creditors make decisions to give you a car financing offer. These decisions are based on four main factors:
- Vehicle selection: cost, age, and mileage
- Application information: employment, residence, and income information
- Credit history: information contained in your credit file
- Down payment: total of cash and trade equity
To get the best car financing offer, you should select a vehicle that fits your budget and provide as much down payment as possible. These two factors alone may increase your likelihood of approval, could improve your offer, and will reduce your monthly payment.
Factors affecting your monthly payment
Your monthly payment is determined by three major factors listed below in order of impact:
- Amount financed
- Term or length of contract
- Annual Percentage Rate (APR)