Buying a new Volvo car is a very exciting event for any driver. Fields Volvo Northfield, conveniently located in Northfield, IL with an extensive inventory of new cars, SUVs, and pre-owned Volvo vehicles to choose from, loves helping local drivers pick out their ideal new Volvo car. We always have many tempting options on our lots, like the popular Volvo XC70 and the Volvo S60. Whether you're looking to buy a new SUV or a used wagon, our friendly and talented sales team can help you find the perfect match for your lifestyle and budget, and we can even help you work out financing through our finance department.
Though some people might prefer to pay cash for their new car, that's not a possibility for most car shoppers, and it makes more sense to purchase the car with some financing through a loan. Our finance experts here at Fields Volvo Northfield will work with you to get the auto loan you need to drive away in the new or used car that you've been looking for. You can even fill out a free credit application online, so go ahead and get the process started.
Here at Fields Volvo Northfield, we understand that not all of our clients have experience with getting a car loan, so let us explain some of the basics for you. First, it's very important to understand that even though you're financing your new car, you still most likely will have to pay a portion of the price upfront: this is known as the down payment. This down payment will reduce the amount of the car's price that has to be financed. Secondly, make sure that you understand that there is an interest rate applied to the balance owed, and this will increase the overall price of the vehicle in the long run. The longer you hold a balance, the more interest that will accrue. The interest rate is the percentage of interest that you will pay on the loan. The interest rate of your loan will be dependent on your credit score and other financial variables. The final thing you'll need to know is the term of the loan and what time period you're most comfortable with.
Now that you have the basics down about financing your new car, why don't you come into our Northfield Volvo dealership with any further questions you might have about the process. After we answer these questions, you can browse through our excellent new inventory of Volvo vehicles. If you'd rather buy a used car from us, we also have quality pre-owned inventory, as well as a Certified Pre-Owned inventory. Stop by our dealership on Frontage Road soon so that we can help you finance the car of your dreams.