When you decide you want to drive off our dealership lot in a new Volvo car, you have two payment options: paying for it upfront or taking out a financing plan. While paying upfront is a good choice for some drivers, financing may be a better choice for people in certain financial situations.
Here at Volvo Cars Silver Spring, we offer Volvo financing options through our friendly Volvo finance center.
Financial Considerations
Sometimes buying a car can feel like it’s a catch-22 because you need money to buy a car, but you need a car to get to work so that you can earn money to buy one. However, there is a solution: financing a car.
This involves taking out a loan to pay for the car, and you can think of the car loan as its own separate purchase. You pay for the loan through any interest and fees that the lender charges.
If you decide you want to get behind the wheel of a new Volvo car, sometimes you will find that financing is your only option financially because the sticker price is too high for you to afford out of pocket.
How Does Financing Work?
When you choose to finance a car through our Volvo finance center, a financial institution will lend you the money you need. In exchange for that, you will pay the lender interest and fees to borrow that money.
Even if you have low credit or no credit, our professionals will work with you to get you the best loan possible.
Apply for Volvo Financing Today
To learn more about why financing a car can be the right choice for you, talk to a finance rep at Volvo Cars Silver Spring.