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Financing 101

Picking out a vehicle to be your next daily driver can be a difficult task. However, what can be even more difficult is determining how to finance your new ride. All of us at Village Motors of Conover are here to help you through some of the most difficult parts of car shopping, so we put together this guide to give you a leg up as you start the financing process.

Applying For A Loan

While some customers may have the cash on hand to pay for a vehicle’s full value upfront, this is usually the exception, not the rule. Most of us need to apply for a loan to help pay for a car. Using a loan, you can obtain a vehicle without having to pay its full price tag all at once. Instead, you’ll pay off the total over time.

Who To Get A Loan From

There are plenty of institutions that offer loans, including banks, credit unions and dealerships. Banks are some of the most common sources, but the criteria to obtain one of these loans is often quite lofty, especially if you don’t have exceptional credit. Alternatively, you can secure your loan right through your preferred dealership. This way, you’ll work alongside a trusted advisor as they work to find you the very best deal possible, even if your credit score is less than ideal.

Determining Your Down Payment

Of course, you will have to put down some amount of cash for your vehicle right from the start. This is known as a down payment. Your down payment will also affect how much you’ll have to pay at the end of each month on your loan. The higher the down payment, the lower the monthly cost of your loan.

If you have any lingering financial questions, or are interested in financing through us, feel free to speak to a member of our qualified staff right here at Village Motors of Conover.


Contact Us

Need more information or have questions? Fill out the form below and let us know how we can help you buy your next vehicle with confidence.
529 1st Street E


  • Monday
    9:00am - 6:00pm
  • Tuesday
    9:00am - 6:00pm
  • Wednesday
    9:00am - 6:00pm
  • Thursday
    9:00am - 6:00pm
  • Friday
    9:00am - 6:00pm
  • Saturday
    9:00am - 3:00pm
  • Sunday

Contact Information

529 1st Street E
Conover, NC 28613
Phone: (704) 325-6622
- + Disclaimers
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