How does an Auto Loan work?
We will loan you the money for a new or used vehicle, and you will pay it back with interest over a specified period of time.
It’s good to plan ahead by getting preapproved for your Auto Loan. 这样你就可以更好地了解你应该购买的价格范围. Being preapproved also gives you good negotiating power with the seller.
Elements can finance up to 120% of your car’s value, including tax and license. It’s a good idea, though, to put down at least 20% of the purchase price. Of course, the more you pay up front, the lower your monthly payment will be.
We understand car shopping can be a bit overwhelming. Never fear! We have partnerships that can make the process easier for you.