Affordable Auto Financing in Jonesboro

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Auto Financing FAQs

Can I trade in my financed car?

Absolutely! If you have positive equity on the car (meaning it's worth more than what you currently owe), you can trade it in no problem. Our dealership in Jonesboro, GA, will purchase the car and pay off the loan before putting what's left toward the new vehicle price! 

Is it better to lease or finance a car?

Deciding whether to lease or finance a car depends on factors such as your budget, driving habits, and preferences. One of the biggest benefits of financing is that once the loan is paid off, you own the car. And, if you choose to sell it, you can recover the remaining equity in your vehicle to use as a down payment for a new one.

How do you finance a car with low credit?

Low-credit auto financing works similarly to traditional auto loans, but lenders may be more flexible in their approval criteria. Interest rates may be higher to offset the increased risk associated with lending to individuals with poor credit, but not to worry! At Motorvation, we have access to a network of lenders and can find the best terms and rates that align with your budget.

What documents do I need to apply for financing?

The required documents may vary depending on the lender. Still, commonly required documents include proof of income (such as pay stubs or tax returns), proof of residence, a valid driver's license, and possibly references.

How can I improve my chances of getting approved for financing?

Improving your chances of approval may involve increasing your down payment, providing a co-signer with better credit, or working to improve your credit score before applying. Additionally, choosing a more affordable vehicle can make approval more likely.

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