Finance Your new and used automotive financing experts

If you are looking for a car loan in Mccordsville, Fortville, Greenfield, Fishers, Anderson, or NE Indianapolis we are here to help. Here are answers to some of the most common questions about Chevy financing and car loans.

When it comes to buying a new car, financing can often be a stressful part of the process for many drivers. However, a lot of this stress stems from confusion about financing a car purchase. We’re ready to offer answers to some of the most common financing FAQs so you can shop with confidence at Stanley Chevrolet, Inc..

WHAT DETERMINES MY INTEREST RATE?

Financing is determined on an individual basis, and many factors are taken into account when deciding the most appropriate financing terms, including your individualized interest rate. The most important factors in deterring that specific interest rate include your credit history, amount financed, and loan-to-value ratio of your specific loan.

WHAT’S A CREDIT SCORE?

A credit score is a number used by leading institutions to determine the risk of a loan. Having a credit history of regular and on-time payments and low debt amounts raise your credit score. The higher your credit score is, the safer a loan will seem to a lending institution, such as a car dealership or bank.

HOW DOES MY CREDIT SCORE AFFECT MY FINANCING OPTIONS?

Generally speaking, having a higher credit score will make it much more likely that you receive the best deal possible on a car loan. For instance, a high credit score often leads to a significantly lower interest rate, as the lending institution will have greater confidence in your ability to repay the loan regularly and without missing payments.

WHAT IF I HAVE NO CREDIT HISTORY OR BAD CREDIT?

Thankfully, having sparse credit history or even a low credit score doesn’t mean you are disqualified from financing the car you want. While a low credit score or lack of credit history might lead to higher interest rates, there are steps you can take to easily raise your credit score, such as establishing a line of credit and staying on top of payments and paying off existing debt.

Phone Numbers:Sales Hours:
  • Mon - Thu9:00 AM - 7:00 PM
  • Fri - Sat9:00 AM - 6:00 PM
  • SunClosed
Map of Stanley Chevrolet, Inc.

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5697 W Broadway, Mccordsville, IN, 46055
Stanley Chevrolet, Inc. 39.9, -85.9112.