Finance Center

Welcome to the Finance Center of Tom Wood Nissan, your auto financing and leasing resource in Indianapolis. Besides offering great deals on high-quality vehicles, our dealership also focuses on providing an auto financing solution that suits your budget and lifestyle. Regardless of your financial circumstances, our finance experts will help you secure a financing solution that allows you to enjoy your newly purchased vehicle with minimal financial worries. 

How Does Auto Financing Work?

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Most car buyers don't have enough savings to buy a vehicle outright with cash. If you're in the same situation, you'll have to take out an auto loan to pay for your desired car. Typically, you're required first to make a down payment and then apply for financing with a loan provider. After approving your loan application, your lender will give you money to complete your car purchase. 

To repay what you owe, you need to pay monthly installments plus interest to your lender throughout the duration of your loan. While you're still paying back your loan, your lender will have possession of your vehicle's title, meaning they're the legal owner of the car. If you fail to meet your loan obligations, they may repossess the car to cover their losses. However, if you successfully pay off your car loan, you'll receive the title from your lender and gain full ownership of the vehicle. 

When it comes to getting auto financing, your credit score matters a lot. Most loan providers will review your credit reports to determine your ability to pay off your auto loan. If your credit rating is excellent, you're deemed trustworthy to a lender, which increases your loan approval chances. In contrast, if you have a spotty credit history, you can expect to have a tough time finding a lender willing to work with you. Additionally, it's important to note that your credit score can significantly affect the interest rate you'll pay on your car loan. 

Why Should You Finance Your Vehicle Through an Auto Dealership?

Although there are numerous lenders offering auto loans, many vehicle buyers prefer to obtain financing from dealerships. The following are a few good reasons why you should consider dealership financing:

Easy Approval

If your credit score is below average, you may have trouble getting approved for an auto loan at a major bank or credit union, which tends to have strict credit requirements. Dealership financing, on the other hand, is the best option for car buyers with poor credit. As an indirect lender, a dealership can connect you with an alternative or private lender with more lenient or flexible lending criteria. Such a lender may overlook your credit standing and offer you a loan. 

Quick Processing

The process of applying for an auto loan involves a substantial amount of paperwork. Things get more complicated if you have an adverse credit history and need to submit additional documents. In some cases, a traditional bank may take weeks to process your loan application and deposit money into your bank account. However, financing a vehicle through a dealership is both easier and quicker. Often, you can get your funds and drive away in your new car on the same day. 

Personalized Financing

A direct lender such as a bank or credit union usually doesn't offer many auto financing options, as they typically have only one or two car loan packages that come with a rigid payment plan. If you want to customize your loan terms to suit your unique financial situation, you should opt for dealership financing instead. With their diverse lending network, a dealership can help you find your ideal financing solution. 

Get the Best Auto Financing Deal at Tom Wood Nissan

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At Tom Wood Nissan, we know that getting the right auto loan can be challenging for some vehicle buyers. Therefore, we've put together a team of highly qualified finance specialists who are devoted to helping you buy your desired vehicle with minimal hassle and stress. Our finance professionals will guide you every step of the way as you navigate the often complicated process of securing a car loan. We'll also do all the paperwork on your behalf, so you can kick back and relax knowing you're in good hands. 

Besides providing a smooth auto financing experience, our dealership also wants to make sure you'll be able to secure a car loan that perfectly fits your financial circumstances. Whether you're looking for a traditional loan, short-term loan, or refinancing plan, we can provide you with a wide array of options, thanks to our extensive lending connections. Even if you have bad credit, we can make special arrangements with certain lenders to get your loan approved. No matter your financial situation, you can count on us to help you get the funds you need to purchase your desired vehicle. 

Drive Home Your Favorite Nissan With an Affordable Car Lease

Car leasing is becoming an increasingly preferred option among vehicle shoppers because it offers several compelling benefits. While it doesn't lead to car ownership, an auto lease enables you to get behind the wheel of a new Nissan with a significantly lower down payment and monthly payment. Additionally, if you opt for a three-year lease, you'll have warranty protection throughout your lease term, meaning you won't have to pay for covered repairs. An added advantage of leasing a car is that you'll be able to drive a new car every few years and enjoy the latest automotive technologies. 

Tom Wood Nissan offers attractive lease deals on all new Nissan vehicles. So whether you want to lease a fuel-efficient compact sedan, fun-to-drive crossover, family-friendly SUV, or a highly capable truck, you can drive home your ideal vehicle with just a small down payment. In addition, our dealership often has lease specials and a variety of perks to help you save even more. 

If you have any questions about auto financing or leasing, feel free to speak with our knowledgeable and helpful finance experts. Contact us anytime during our business hours.