Your guide to
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.
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.
mechanics of your vehicle loan may help you establish a successful and
manageable borrowing strategy.
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.
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.
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.
monthly payments. Make sure your
monthly payments can be maintained within your monthly budget.
hidden charges. Credit insurance
or other fees may be included in some car loans. Consider paying for these
services only if you need them.
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.
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
§ 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.