Looking for financial advice on purchasing a vehicle? Have questions about auto loans, lease terms, credit scores and interest rates? Whether you're a first-time car buyer or seasoned Mississippi Chevy owner, we're here to provide the guidance you need for buying your next car.
Chuck Jones, finance manager at All-Star Chevrolet in Olive Branch, is here to help you navigate any complexities and enjoy a smooth auto financing experience.
- Learn More: All-Star Chevrolet Finance Center
Auto Financing FAQs
01
Does buying a used car help you save money?
The moment you sink into the driver's seat of your luxurious cabin, you'll never want to leave the MODEL. Let this CAR satisfy your greatest indulgences with interior incentives that include a leather-wrapped gear selector and a leatherette-covered center console. To entertain yourself and other passengers, opt for the innovative X-speaker sound system. Your music and more can be easily controlled, plus you can benefit from the XYZ navigation plus system. Additional interior perks can include:
02
Do used cars depreciate slower than new cars?
The moment you sink into the driver's seat of your luxurious cabin, you'll never want to leave the MODEL. Let this CAR satisfy your greatest indulgences with interior incentives that include a leather-wrapped gear selector and a leatherette-covered center console. To entertain yourself and other passengers, opt for the innovative X-speaker sound system. Your music and more can be easily controlled, plus you can benefit from the XYZ navigation plus system. Additional interior perks can include:
03
Why should I buy a used car from a dealership vs. private seller?
The moment you sink into the driver's seat of your luxurious cabin, you'll never want to leave the MODEL. Let this CAR satisfy your greatest indulgences with interior incentives that include a leather-wrapped gear selector and a leatherette-covered center console. To entertain yourself and other passengers, opt for the innovative X-speaker sound system. Your music and more can be easily controlled, plus you can benefit from the XYZ navigation plus system. Additional interior perks can include:
04
What are current interest rates to buy a car?
Interest rates can vary monthly and depend on several factors, including your credit score, lender terms and chosen vehicle. At All-Star Chevrolet, we offer competitive rates that align with market conditions.
05
How do I get a good interest rate?
To secure the best interest rate, focus on maintaining a good credit score and consider making a larger down payment. It can also help to compare rates and get pre-approved with us, where we'll match you with the best options available.
06
How much of a down payment do I need to finance a car?
While the down payment can vary based on criteria like your credit score, a common recommendation is around 20% for new cars and 10% for used. This helps reduce the loan amount and monthly payments.
07
What additional costs will I be responsible for when buying a new car?
You'll need to cover taxes, registration and dealership fees. At All-Star Chevrolet, we provide clear and transparent pricing, so you know exactly what to expect with no surprises.
08
How can I find the value of my trade-in?
Discover your trade-in value easily through our website using the Kelley Blue Book® tool. This gives you an accurate estimate to better understand your budget.
09
Does my credit score impact my loan rate?
Yes, your credit score plays a significant role in determining your interest rate. Higher scores generally translate to better rates, helping you save money over the life of the loan.
10
I have a low credit score -- can I still finance a car?
Yes, financing is possible with a lower credit score, subject to bank approval. We offer tailored solutions to help you navigate the process even if your score isn't perfect.
11
I don't have a credit history yet -- can I still finance a car?
Yes, you can still finance a car. In this scenario, a co-signer might be required to help you secure the financing you need.
12
What's the best length for a car loan?
A 60-month loan term is often recommended as a balanced option. It provides manageable monthly payments without extending the interest over too many years.
13
Can you offer a better interest rate than my pre-approved rate?
Possibly. Bring your pre-approval to us, and we'll work to provide competitive rates that may better match your financial needs.
14
Can I reduce my monthly car payments down the road?
Yes, you have the option to refinance your vehicle, which can lower your monthly payments by adjusting the loan terms.
15
Can I sell my car while I'm still paying it off?
Yes, you can sell or trade in your car even if it's financed. We can assist you with the payoff process and help evaluate your trade-in to make it seamless.
16
Can I add a warranty when I buy a car?
Yes, we offer several warranty options to provide peace of mind with your purchase. Talk with us about the plans that best fit your needs.
Apply for Chevy Financing in Mississippi Today
For personalized advice or to get answers to additional questions, contact All-Star Chevrolet to get in touch with our local Chevy finance department. You can also email Chuck Jones at cjones@allstarautogroup.com or call him at (662) 895-5536. We look forward to hearing from you soon.
Read More:
Why Choose All-Star Chevrolet | First-Time Car-Buyer Tips | New Chevy Specials