FAQs for Craig Terry Motors

Are monthly payments necessary?
Unless you're in the position to pay cash for your certified pre-owned vehicle, you'll need to establish a payment plan to obtain the vehicle of yoru choice. Two options exist - taking out a loan with your bank or having Craig Terry Motors secure your best rate with their lending companies.

How are loan rates determined?
The size of monthly loan payments depends on the amount of money borrowed, the length of the loan, the interest rate and other factors such as your credit history. Paying a deposit lowers the total of the loan, thus reducing your individual monthly payments. At any period during the loan you have the option to pay off the the entire loan, at which point the title of the vehicle is transferred to you.

General loan specifications:
Down payment amounts may range between 10 to 20 percent of the vehicle's total cost, although most purchases require no down payment. A typical loan period is five years with an annual percentage rate around 8 percent, but most often lower. Some lending companies offer lower rates, but we will go through the entire financing arrangemens with you to ensure your best option is chosen.

How long does it take for a car loan approval?
Craig Terry Motors provides same day approvals for most applications. On receipt of your loan application, an credit expert will contact you to finalize the process.

How much does it cost to get a quote from Craig Terry Motors?
Absolutely no cost. Our quotes are 100% free and there is no obligation to take our loan, although, you will have a hard time finding a dealership who offers better finance rates.

Can I get a car loan from Craig Terry Motors, even if I have no credit history?
Yes. One of our credit expert will contact you upon receipt of your application, and will provide you with the best rates available based on your income, profile and work history.

Can I purchase another type of vehicle with my car loan? I need a truck for work.
Our loans are available for the purchase of other types of vehicles, including truck and motorcycle purchase. Our agents will be able to advise you during your consultation.

I already have a car loan. Why should I refinance with Craig Terry Motors?
Craig Terry Motors offers competitive low rates guaranteed. We will find a way to lower your monthly payments and/or interest rates and give you financial freedom.

The end of my lease is approaching? Can you help me go from lease to own?
Sure. We can provide financing to help you purchase your leased vehicle. Just provide us with the details of your situation and we will come up with a solution that best suits you.

How long does the process take before I can be driving?
With our instant online application and fast reply, you can get approval and be driving your next car in as little as 24 hours.

Can getting a loan through Craig Terry Motors really improve my credit rating?
Yes, our monthly payments are tailored to your needs so the chances of defaulting your loan are very low. As long as you keep up with your payments, your score will continually increase over the life of your loan. You can even come back to us in 9 months to a year to refinance for an even better rate!

When filling your application, will my details be kept confidential?
Definitely. We treat all our client's information as strictly confidential. We do not share you information with other companies or organization. Neither will we contact your bank, employers or anyone else unless we are expressly given permission by you.

Craig Terry Motors is committed to offer you the resources to make an informed decision when purchasing your next car. We pride ourselves on being the best used car dealership available to you and have been serving our customers since 1984. Apply Today and you could be on the road in under 24 hours.