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Everything You Need to Know About Finance Terms | Schaumburg, IL

Common Finance Terms | Schaumburg Mitsubishi in Schaumburg, IL

Buying A Vehicle

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Contracts

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Direct Lending

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Dealership Finance

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Buying A Vehicle

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Buying a car is an enormous commitment. You’re likely to be making payments for years to come but it’s always important to remember you aren’t locked in until you sign the papers. Before you sign on the dotted line, it’s best to know what you’re getting yourself into. Knowing what type of loan you’re signing up for can make the difference between a good deal and a bad one.

What to Bring To a Dealership When Buying or Leasing a Car

Be Prepared

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Do Your Homework

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Bring the Basics

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Trading in a Vehicle

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Be Prepared

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Buying a car is an exciting process until you get to the negotiation stage. All that financial gibberish and paperwork is a major hurdle for anyone who’s just looking to drive off the dealer lot to show off their new set of wheels. However, you can streamline this process by being prepared ahead of time and bringing everything you need to the dealership the day of the transaction.
Common Finance Terms | Schaumburg Mitsubishi in Schaumburg, IL
Common Finance Terms | Schaumburg Mitsubishi in Schaumburg, IL

Common Finance Terms

APR

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Leasing

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Upside-Down

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APR

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The Annual Percentage Rate refers to the amount of interest and fees accrued over a year with a loan. It is commonly represented as a percentage.

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  • Tuesday
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  • Wednesday
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  • Thursday
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  • Friday
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  • Saturday
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  • Sunday
    Closed

Contact Information

660 E Golf Rd
Schaumburg, IL 60173
Phone: (866) 639-6487
Fax: (847) 742-6135

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