How Does Car Financing Work?

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Lafayette drivers who are in the market for a new or used car usually worry about the stress of applying for financing. Our finance department is here to ensure that process is as smooth as possible! Are you wondering, “How does financing a car work?”, “What is financing a car?”, and “What does it mean to finance a car?” Read below to answer all your valuable questions about how car finance works and more!


What is Financing a Car?

What is financing a car? Before we answer that, let’s answer “What does it mean to finance a car?” It means applying for an auto finance loan through a bank, credit union, or dealership. While some Ascension drivers may choose to apply through several locations to see their deal options. But, what is financing a car? The simple answer is being approved for an auto loan. Here are personal factors lenders look through:

  • Debt-to-Income Ratio
  • Age of the Vehicle
  • Credit Score
  • Length of Loan
  • Loan Amount

If you’re still not sure how car finance works, browse through our car buying tips to help you in the process!

How Does Financing a Car Work? The Perfect Plan

So, how does financing a car work? It starts by calculating the monthly payment for your loan before you sign off! Here are a few things to keep in mind as you figure out how car finance works:

  • Bad credit or no credit? Try to put down a large down payment to reduce your interest rate and give you room for any unexpected costs. Consider trading in your vehicle to lower costs.
  • As you calculate, include maintenance, gas, and insurance expenses.
  • If you choose to apply to multiple locations, make sure it’s done in a short time period. It can negatively impact your credit if not.
Calculator Money and Car Key

Finalize your Financing

After you figure out “What is financing a car?” We recommend applying for finance online and checking out your GAP insurance and Liability insurance options. You have the ability to negotiate the price before you finalize the loan.

Apply for Financing Online at Acura of Baton Rouge!

Contact us at Acura of Baton Rouge in Baton Rouge when you’ve chosen your vehicle and are ready to take the next steps in the finance process. Be sure to ask us out about Fabre Group Fair Price!


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225-435-8060

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13550 Airline Hwy • Baton Rouge, LA 70817

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Acura of Baton Rouge

13550 Airline Hwy Baton Rouge, LA

Phone: 225-435-8060

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Phone: 225-435-8028

13550 Airline Hwy Baton Rouge, LA

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Phone: 225-435-8060

13550 Airline Hwy Baton Rouge, LA

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Phone: 225-435-8036

13550 Airline Hwy Baton Rouge, LA

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Phone: 225-435-8036

13550 Airline Hwy Baton Rouge, LA
30.3731452 -91.0337258
Acura of Baton Rouge 30.3731452, -91.0337258.