Lithia Springs Ford

Call 888-927-2846 Directions

What to Expect When Financing a Vehicle | Lithia Springs GA

What to Expect When Financing a Vehicle in Lithia Springs, GA

How exciting! If you’re considering purchasing or leasing a vehicle from our inventory, congratulations. Upgrading your car can be empowering, but many are too intimidated by the financial side of things to finalize their decision. But here at Lithia Springs Ford, we can help. We’ve assembled this list of to-dos, documents and terms to know ahead of time so you feel prepared. And the best part? You won’t have to wade through the paperwork alone. Our financial experts are on stand-by to assist with any questions you may have. So keep reading below to learn what to expect when financing your vehicle:

What do I need to do beforehand?

Before shopping for your next new or used Ford, ask yourself these questions:

  1. What’s my credit score? The higher your score, the best chance you have of qualifying for a lower interest rate.
  2. What are the interest rates lenders are offering? Research several institutions before starting the finance process. You’ll make a stronger case in negotiation and, if you’re pre-approved, you’ll be more likely to secure the interest rate you want.
  3. What can I afford? If you know your credit score and have an idea of the interest rate you’ll receive, use our payment calculator to determine your monthly payments.

What documents do I need to bring?

When you’ve decided on the vehicle you want to purchase or lease, these are the four primary documents to bring with you to the office.

  1. Proof of income. We will need copies of your pay stubs from your last month’s checks and a summary of what you’ve been paid to-date in the past year.
  2. Credit and banking history. Any information about your financial obligations or other outstanding loans are needed. Mortgage or lease agreements, credit card statements, bank statements or alimony or child support payments count in your history.
  3. Proof of residence. A mortgage statement or any personalized mail will count as proof of residence.
  4. Proof of insurance. Bring a valid insurance card so we know that your current vehicle is insured and you’ll easily be able to transfer insurance to your new car.

And if you decide to finance with another lender and not our finance department, you’ll want to bring proof of your approved loan, too.

What determines my loan terms?

Typically, an auto loan lasts between three to five years. Our finance team (or any lender) will run a credit check and ask you income-based questions to determine your credit-worthiness. We determine your interest rate based on how secure your finances are, like how much manageable debt you have, what your income is currently and whether you’re in good standing with your insurer. The better your credit score, the lower your interest rate. But our team has worked with a variety of credit histories and scores, so don’t shy away from the conversation if you’re not happy with your credit score.

Let’s talk. If you’d like to purchase a vehicle or want to know more about how to finance in Lithia Springs, GA, drop by Lithia Springs Ford at 870 Thornton Road, Lithia Springs, GA 30122 for a test drive. We look forward to serving our customers from Atlanta, Dallas, Douglasville and Smyrna.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.