If you’re having challenges getting approved, don’t worry. Go Auto has solutions for nearly every credit situation. Our financing tools and credit specialists will help you get back behind the wheel with affordable auto loans that make sense for you.
Thanks to our success, we have created our own finance company, Go Finance. So, if we can't find a bank to approve you for an auto loan, we can finance your loan ourselves. This means we approve more people than anyone else.
Unlike our competitors, we can lower the interest rate on your vehicle over time as long as you're making regular payments. With Go Auto, you're not stuck with a rate you can't afford. To get started, fill out the form above.
Go Auto owns and operates dealerships for 21 new-vehicle brands, and we work with more than a dozen lenders. We have lots of financing options for first time car buyers.
Buying a new car is a great way to establish a credit score, and Go Auto can help you get credit the first time. Stop waiting and get on the road.
Our resources allow us to accommodate most credit profiles. Even with past problems, you will still get the credit you need and the car you want.
If you have a car loan already, and you think you're paying too much, Go Auto can buy out your loan and get you a better finance rate and lower payment.
What are your goals? We all have different priorities—in cars, life, and finances. When deciding on leasing vs. financing, what's right for one person can be totally wrong for another.
For the same car, same price, same term, and same down payment, monthly lease payments will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.
The medium-term cost of leasing is about the same as the cost of financing, assuming the buyer sells or trades his or her vehicle at loan-end, and the leaser returns his or her vehicle at lease-end.
Some comparisons sometimes show that financing can cost a little less than leasing due to fewer fees, lower total finance costs, and the assumption that a purchased vehicle will return full market value if it is sold or traded at the end of the loan. However, when the benefits of wisely investing monthly lease savings are considered, the net cost of leasing can be less than financing.
The long-term cost of leasing is always more than the cost of financing, assuming the buyer keeps his vehicle after loan-end. If a buyer keeps his car after the loan has been paid off, and drives it for many more years, the cost is spread over a longer term. That means the cost of buying one car and driving it for ten years is less expensive than leasing or buying four or five different cars over the same period.
If long-term financial cost savings were the most important objective in acquiring a new car, it would always be best to buy the car and drive it for as long as it survives, or until the cost of maintenance and repairs begins to exceed the cost of replacing it. However, many automotive consumers have other more immediate objectives that are more important than long-term cost savings.
You should bring:
Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you’ll need to buy or trade in a vehicle with Go Auto, call the dealership ahead of time and speak with a Sales Consultant.
Four main factors determine whether you get approved for a car loan:
For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.
Once you’re approved for a car loan, three factors will affect your monthly payment (in order of importance):
We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go Auto dealership.
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment.
For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
Your credit score helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if) you will pay your bills.
The higher your credit score, the greater your chance of receiving a better financing offer from Go Auto.
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:
Do you prefer to drive a new vehicle every few years that will always be under warranty? That's one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.
There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call 780-777-7777 or any Go Auto dealership to schedule a free consultation.
Click here for a full rundown on financing vs leasing.
Of course. Many Go Auto customers qualify for financing on their first vehicle purchase.
If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.
Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.