FAQ
Financing Questions Answered
Frequently Asked Questions
We believe that the car-buying process should be an exciting, hassle-free process. When you shop at ROYAL EMPOWERED MOTORS, we strive to work with you to find the vehicle that meets your needs and budget; not our sales goals.
Stop in today and shop our great inventory, check out our affordable financing options, and see if you're ready to take home your next vehicle.
Most of our customers rely on us, the dealer, to secure the
financing for their auto loan. We work in conjunction with over
40 different banks and credit unions to secure the best terms
and rates available for our customers. However, the dealer does
not determine your terms - only the lender can do that. They
provide us with a number of different options so that you may
choose what best fits your budget.
There are multiple factors that determine the rate at which your
vehicle gets financed. Most customers think that your credit
score is the highest influencer of rate, which is only partially
correct. A lender will look at many factors that affect your
credit score. They look at things such as: down payment, length
of financing term, job time, income, time at residence, previous
auto loan history, open (still paying) auto loans, debt to
income ratio, etc. We would be happy to discuss these things in
more detail at your convenience.
The simple answer is yes. Some of our customers choose to use
the lender of their choice and secure their own loan before the
purchase. As a commission-free store, it makes no difference to
us how you choose to pay for your vehicle. There are times that
we are able to negotiate better terms simply because we have
lenders that are not available to the general public and only
work with dealerships. If we secure the loan on your behalf, the
lender may choose to call you to verify the terms of the
agreement.