Finance Terms | Sarasota FL

Finance Terms

Finance Terms in Sarasota, FL

Nowadays, purchasing a car usually means you'll have to finance it. This is even true for some used cars, as some can reach prices that won't allow people to buy in one lump sum. At Gettel Hyundai of Sarasota, we understand that buying a car (especially for the first time) can be a daunting task. Between the number of financial requirements, credit scores and overall options for financing, there's a lot to take in and understand when buying a car.

Luckily for you (and other buyers in the Sarasota area and beyond), we're ready to help you get behind the wheel of the awesome Hyundai you deserve. Our finance department at Gettel Hyundai of Sarasota is committed to giving our customers as stress-free and excellent of an experience as possible. Keep reading to learn more about the average vehicle finance terms that are accessible for most buyers.

Usual Vehicle Finance Terms

Usual Vehicle Finance Terms

What is considered "regular" is different for every customer, but lenders usually propose 36-72 month car loan terms. This means that you have three to six years to pay off your new vehicle (plus interest) to the lender. The major aspects that vary with these terms are your interest rate and loan terms, since these are dependent on your credit score and down payment.

Curious about what your interest rate will be? Simply take a peek at your financing term. Generally, a 72-month loan term will have a lower payment than its 36 or 48-month counterparts, but the interest rate will be higher. Most finance companies will suggest that you select a shorter loan term for a few reasons including: less of a chance of being "upside down" on your loan, retaining more value in a new car and less interest will be paid long term.

Financing with Gettel Toyota of Bradenton

Financing with Gettel Hyundai of Sarasota

Ready to drive home in your new Hyundai? All you have to do next is fill out our finance application and someone from our qualified finance team will contact you as soon as possible. Also, feel free to take advantage of convenient tools on our website, like our payment calculator.

If you have any questions or want to know more, give us a call or stop by our dealership at 3500 Bee Ridge Rd, Sarasota, FL 34239. Gettel Hyundai of Sarasota proudly serves customers from Venice.