Glasscock Chevrolet:
Ask a Finance Expert FAQ
Regardless of whether you're looking to buy your first vehicle or want to upgrade to a new Chevy Silverado, it's important to assess all auto financing options. Richard Andrews, the Finance Manager at Glasscock Chevrolet, is an expert in auto financing and can provide advice. Discover more about auto loan interest rates, no-credit car loans and more with the Chevrolet financial team at our Chevy dealership near Odessa. We can't wait to help you finance a new Chevy truck or SUV in West Texas!
Car Loan & Chevy Financing FAQs
01
What interest rates can I get?
When financing through GM Financial for a new Chevy, you can get rates as low as 2.9%. Meanwhile, for pre-owned cars, we will work with you to get the lowest rate possible, whether it’s through a local credit union or a bank of your choice. We have seen interest rates kicking off 2023 as low as 3.74% to 4.99%.
02
Can I still finance a car with a low credit score?
Yes, you can still finance a car with us. There are certain programs available for rebuilding credit -- additional stipulations may be needed such as trade of current open auto loans or a down payment. A credit score is not the most important factor for some banks as they will take a look at other factors such as income and job history.
03
Can I still finance if I have no credit history?
There are certain programs available for people who don't have a credit history. For example, first time buyers have access to special programs that are available based on more than just a credit score or no credit, but there may be some exceptions. We work with a number of different local banks and credit unions to get you into your dream car, no matter your financial situation.
If you have no credit or low credit, the difference is the dealer. At Glasscock Chevrolet, we go the extra mile to help you drive home in your dream car.
04
How is my credit score calculated?
Your credit score is calculated based on many factors, including payment history, credit usage and length of credit history. You can improve your credit score by staying up to date on loan and credit card payments.
05
Can I reduce monthly car payments down?
Yes, we can guide you through refinancing a vehicle, although we cannot do that for you through the dealership. We can also trade you into a different vehicle to lower your payments. Keep in mind that making 12 payments on time will increase your credit score and improve your chances of refinancing to a lower rate or trading your vehicle into something you weren’t able to get approved for before. At our Big Lake Chevy dealer, we're happy to provide you with suggestions on who to talk to based on your financial situation.
06
Can I add a warranty?
Yes, you can! All of our cars are available for extended service contracts. Warranties can be added to new and used car financing -- most lenders do allow an extended loan for the cost of the warranty. Additionally, all of our used cars have been through the shop for a pre-certification check to ensure the quality and safety of the vehicle for added peace of mind.