Everything You Want to Know About Auto Financing

There is no doubt that the auto financing process can be confusing for many Dardanelle, AR customers.  As a premier car dealer near Morrilton, AR, we feel like we should help clear up any confusion we can.  Our finance center works with customers every day who experience stress and anxiety over the thought of getting a car loan or lease.  Some of this is brought on by the fact that many people view car financing as the unknown.  The unknown can be scary, which is why the team at Phil Wright Autoplex, located at 3300 E Main Street in Russellville, AR, is here to answer some of the most common questions we get at our dealership.

Auto Financing Frequently Asked Questions (FAQs)

Are you a Fort Smith, AR driver with questions about auto loans and leases?  Do you find yourself curious to know more about car financing?  Below you will find a list of some common questions we get from many of our Clarksville and Conway, AR customers.  Peruse these questions and see if you can find your answer.  If you can't, or have other questions, our finance center can be reached by phone, email, chat, or a visit.

How Do You Shop Online?

The auto financing portion of online shopping is simple and shouldn't take up a lot of your free time.  When you shop online, the first thing you will do is select your vehicle.  You'll also get the trade value of your current car, truck, or SUV, if you have one.  When you shop online with Phil Wright Autoplex, you'll also have the chance to review your auto financing options and customize a monthly payment that works for you.  Drivers will then be required to complete our simple, secure credit application.  Once you supply the employment, income, and demographic information required, our finance professionals will get to work on trying to secure you an approval.

Are Finance Applications Safe?

The online credit application supplied by Phil Wright Autoplex is completely safe and secure.  All the information you sent over is encrypted and only seen by our finance experts and the lending partners we work with to get an auto loan or lease approval.  We care about your privacy and security, so all precautions are taken.

What Kind of Vehicle Protections Do You Offers?

It is only natural when you make the investment in a new car, truck, or SUV, you are going to want to protect it.  After all, no one wants to put money into a vehicle and be faced with a  car payment and another auto-related expense in the same month.  At Phil Wright Autoplex, you can peruse various vehicle protections like vehicle service contracts, GAP insurance, Tire-and-Wheel Protection, Paintless Dent Repair, Lease Wear-and-Tear Protection, and Key Replacement.  Our finance professionals can discuss any of these products with you.  They can be included into your auto financing.

Is Buying a Vehicle Service Contract for the Used Car I am Interested in Worth It?

Our dealership firmly believes that a vehicle service contract is a sound investment when you buy any vehicle.  Vehicles are more complex than ever these days, which means that auto repairs are much more expensive than they used to be even ten years ago.  A used car can often have little, or no warranty protection, left from the manufacturer.  Our service center always does a thorough job inspecting the cars on our pre-owned lot, but that doesn't mean that there won't be an issue down the road.  A vehicle service contract can help you with the auto repairs associated with an unexpected mechanical failure.  They can also help protect you against having a car payment and auto repair bill due at the same time.

What is GAP Insurance?

GAP insurance, or Guaranteed Asset Protection, is an insurance that protects you in the case that you owe more money on your vehicle than it is worth if the car is deemed a total loss.  As you know, cars are a depreciating asset, so there are many instances where a person owes more money than their car is worth.  GAP insurance covers the difference, so you aren't responsible for the leftover amount on your auto loan.

Do You Finance All Credit Types?

While the finance center at Phil Wright Autoplex, in Russellville, AR, can't guarantee credit to anyone, we can say that we work with people with all types of credit.  Whether you have good credit, bad credit, or no credit, our finance team will work to get you approved for a financing solution that works.  We have many in-house lending partners that we will work with to try and get you approved for car financing, regardless of your credit history.  In the past, we have assisted many customers with poor credit, or no credit, get a car loan or lease.