Auto Financing & Car Loans FAQs

Frequently Asked Finance Questions

Auto financing can be time-consuming and stressful, so it makes sense that drivers from the Kingsley, MI, area and beyond have questions about it. At Serra Traverse City, we serve Interlochen not only by offering affordable financing, the help of our expert finance team, and online resources, but we also are here to answer your questions about auto financing. It is our hope to shed some light on confusing aspects of financing. By knowing your options, you can find the financing option that suits you best.

We have compiled a few of the most frequently asked questions to give Houghton Lake drivers the answers that they need. While this isn't a complete list, Cadillac drivers can always ask our finance team for more information if they don't see the question they have.

What is an auto loan/car financing?

  • When Frankfort drivers take out an auto loan or a lease, they receive their money in a lump sum and then pay it back over time with interest. How much is borrowed, how much time you take to pay it off, and the interest rate all affect how much you will pay monthly.

Can I finance a used car?

  • Financing a used car is a great choice for Manistee drivers who want to save even further. We offer a wide selection of used vehicles to choose from. With the right financing option, you can have low monthly payments on a high-quality used model.

Can I finance a new car?

  • Not only can you finance a new car, but many from the Elk Rapids may even encourage it. The right financing option could help you comfortably afford the latest features and technology without paying full price upfront.

How does a car loan work?

  • As we've gone over, essentially a lender gives you the service of using its money while you, in return, pay back the money lent to you and pay for the services of lending it. By paying monthly, Suttons Bay drivers chip away at the loan and the interest of the loan until the loan is paid off.

Have More Questions?

If Kalkaska drivers haven't found the question or answer that they were hoping for, contacting our finance department is always an option. Our finance experts have experience helping Traverse City drivers navigate auto financing to find affordable rates to get behind the wheels of their dream cars, so contact us today!