Your guide to vehicle financing

Need Financing?

We're eager to help your find the right financing solution for your car. At ALM Leasing & Rentals financing is stress-free, quick, and transparent.

Submit your Finance Application, and we’ll respond within an hour (during our normal business hours). You can also call us at 540-755-2072 with questions or to apply for credit.

We work with several well-known financial institutions including local Credit Unions help you finance your car. Our financing solutions are very competitive and available to a broad range of customers with varying credit profiles. We have a solution for your regardless of your credit profile.


Low interest car loans are available for customers with existing loans. We can also help you refinance your car loan or adjust the term of the contract. You're just a step away from approved car financing.


Vehicle Financing 101

Understanding the mechanics of your vehicle loan may help you establish a successful and manageable borrowing strategy.


Benefits of financing before shopping

§  You can keep negotiations focused on the actual price of the vehicle, not just on monthly payments, because you know your terms going into the purchase discussion

§  You can accurately anticipate what type of rate, fees, and monthly payments to expect.

§  You are able to review loan documents at your own pace and get to shop like a cash buyer.


Considerations before signing

§  Interest rate. Confirm the annual percentage rate (APR) of your loan. Determine if the loan has a fixed rate (monthly payments and rate remain the same) or an adjustable rate (monthly payments and rate can change). Your interest rate and monthly payments will depend on your credit, your income, and your vehicle preference. Interest rates on new vehicles are often lower than used vehicles.

§  Total amount financed. Be sure the amount on your loan documents is the same as what you asked for. Consider local taxes when determining the total dollar amount to be financed. Check your county and state website for more information on local taxes.

§  Your monthly payments. Make sure your monthly payments can be maintained within your monthly budget.

§  Possible hidden charges. Credit insurance or other fees may be included in some car loans. Consider paying for these services only if you need them.

§  The length of your loan. Car loans generally range from 36 months to 72 months. Longer terms can lower your monthly payments but could cost you more over the life of the loan.


Increase your likelihood of approval

§  Knowing your credit score will help you plan a realistic approach toward financing your next vehicle. While you can still get approved for a loan with a lower credit score, you may have a higher interest rate.

§  If this is the case, or if your credit score is too low for approval, consider signing with a co-applicant. A co-applicant is an individual that enters the loan with you, and may maintain part ownership of the vehicle under that loan so you can potentially get  approved.