Understanding Auto Finance

There are a lot of terms that get tossed around when you're getting financing for a car. Having a good understanding of different words can help you make informed decisions when getting a loan on a car.

Everyone has a credit score that can influence the type of loan they're able to get. While there's no actual number that defines good credit, anything over 700 will qualify you for many loans. Other things that will be looked at are your debt-to-income ratio, which measures how much you pay to loans, car, house, or credit card, each month when compared to the amount of money you make.

When you're ready to buy a new or used car in Burlingame, CA, come to Volvo Cars of Burlingame today. We'll be happy to discuss any of your financing options and answer your questions thoroughly and honestly.

Categories: Social
; ;