Finance
Auto Loans
The Smart Cars by Wieland finance department is focused on ensuring your experience with our dealership exceeds your highest expectations. Our friendly finance managers work with people from all over including Pittsboro, Apex, and Raleigh to ensure our customers get the right finance program at the most competitive rates.
We strive to work with each customer to ensure their satisfaction. We have financed customers from Sanford to Cary. Whether you are right down the road or an hour away from Pittsboro you can use our quick pre-approval form to qualify for one of our finance programs. Additionally, we provide you with a payment calculator to estimate your buying power and monthly payments.
How is your credit?
Whether it is perfect or not so great, we can custom design the right financing package for your next vehicle purchase.
The Smart Cars by Wieland loan process can help you find the best interest rate for your next vehicle purchase.
Try our FREE credit application today!
Competitive Pre-Owned Vehicle Rates*
We have hundreds of pre-owned vehicles for immediate delivery and access to some of the lowest interest rates in the business. *Rates subject to change. Please see dealer for up to date rates.
Due to our special arrangements with local and national lenders, we can help you get the pre-owned vehicle you deserve. Whether your past credit is near perfect or not so perfect, we can help!
Complete our FREE credit application and our team of finance professionals will begin working for you. We have hundreds of pre-owned vehicles currently available for immediate delivery.
Are you new to this country? Have you been turned down before? We can help. We have programs to help you get into a car and rebuild your credit. We are able to overcome most credit problems.
To get started, fill out our FREE credit application online.
Once the application is completed, the Smart Cars by Wieland finance team will put together a loan package that is tailored specifically for you.
Our Financial Services Include:
- Competitive rates direct from the manufacturer and local North Carolina banks
- Quick approvals
- Value-added services to protect your vehicle investment
- Extended warranty programs
- And many more finance programs to meet your needs
We are always happy to answer your questions so please don't hesitate to contact us today!
How Your Credit Score Affects Loan Terms and Interest Rates
Your credit score determines the interest rates you qualify for when applying for an auto loan. The higher your score, the lower the rates available to you. A good credit score also gives you leverage in negotiating better terms and reducing overall costs. Credit scores are generally categorized as follows:
- Excellent: 800 to 850
- Very good: 740 to 799
- Good: 670 to 739
- Fair: 580 to 669
- Poor: 300 to 579
Most traditional lenders won't extend credit if you have a poor credit score, but alternative options are available. Consider working on improving your credit score before applying for an auto loan.
Navigating the Auto Loan Application Process
Once you've evaluated your credit standing and taken the necessary steps to improve it, you can start the application process. At Smart Cars by Wieland, we strive to make this process as fast and straightforward as possible. Here's what you can expect when applying for an auto loan with us:
- Choose your vehicle: Browse our extensive inventory of high-quality used vehicles. Our website allows you to filter by make, model, year, price range, and more to find the perfect car for your needs.
- Value your trade-in: If you have a current vehicle you'd like to trade in, use our online tool to get an estimate of its value. Our Kelley Blue Book Instant Cash Offer program ensures a fair appraisal of your trade-in and can be applied toward your down payment.
- Gather required documents: While the specific documents may vary depending on individual circumstances, we generally require proof of identity, income, and residence for loan approval. Our team will guide you on which documents are needed for your application.
- Submit your application: We offer a convenient online application process that takes only a few minutes to complete. You can also visit our dealership; our finance team will assist you with the application.
- Get preapproved: Once your application is complete, our team will review it to determine the loan amount and terms you qualify for. We'll provide a preapproval letter that you can use when negotiating the purchase of your vehicle.
- Use our financing tools: Our website features an online payment calculator that allows you to estimate monthly payments based on different loan amounts, interest rates, and repayment periods. This tool can help you determine a budget and make informed decisions when selecting a vehicle.
Understanding Loan Terms: Annual Percentage Rate, Term Length, and Fees
When comparing auto loans, understanding the following key terms and how they impact your overall cost of borrowing is crucial:
- Annual percentage rate (APR): This is the yearly rate charged on your loan, including interest and other fees. A low APR means lower monthly payments and a lower total amount paid over the life of the loan.
- Term length: Also known as repayment period, term length refers to how long you have to repay the loan. Longer-term loans come with smaller monthly payments but end up costing more in total interest.
- Fees: Lenders may charge various fees, such as origination, processing, or prepayment fees. Be sure to factor in these fees when comparing different loan options.
Finance Your Car Purchase With Smart Cars by Wieland
We understand that purchasing a car is a significant financial decision. Consequently, we offer competitive rates and personalized financing options to help you get behind the wheel of your dream car. Our finance professionals will work with you every step of the way to ensure a smooth and hassle-free experience. Whether you're in the market for a new or used vehicle, we invite you to schedule a test-drive to experience the quality and performance of our cars firsthand. Contact us to learn more about our financing options or to get started on your application.