The Jaguar financing process doesn’t have to be overwhelming or frustrating. At Jaguar Northfield, we walk you through the process, providing the tools and resources you need along the way. Get the answers to your pressing financing questions at our dealership today.
How Does Credit Affect Financing?
Your credit tells the lender how reliable you are to lend money to, which is why drivers with higher credit scores typically have better financing terms. You always want to check your credit score before financing, so you know what kind of vehicles are available to you. You can also take steps to improve your credit score before applying.
Should I Buy Or Lease?
Buying and leasing are the two main options for vehicle financing, and the choice between the two is very personal. Leasing is temporary and allows you access to the latest models and big savings. Financing is more permanent and gives you more control over how and where you drive.
What Are the Benefits of Trading In a Vehicle?
When you trade in a car, you put the value of the old vehicle toward the next one. This will help to reduce your down payment and potentially save you money on accrued interest costs. It will also lower the sales tax, which is calculated only after the trade-in vehicle value has been deducted.
How Much Should I Use for a Down Payment?
The best way to determine your down payment is by following the 20/4/10 rule. It recommends putting down 20% of the total vehicle value on the day of purchase. It also recommends paying the vehicle off within four years and spending less than 10% of your monthly income on transportation costs.
What Financing Tools Are Available?
You’ll find many financing resources at our dealership. Start with confidence with an online finance application, vehicle trade-in value estimator, and specials and deals on cars, parts, and services.
Begin the Jaguar Financing Journey in Northfield, IL
No matter what your financing needs might be, you’ll find the support you deserve at Jaguar Northfield. We’ll help you set a budget and pick out the perfect car. Visit our dealership to get started today!
