Frequently Asked Questions About Financing

1. What types of financing are available?
New vehicles can be financed through Chrysler Credit, Mazda American Credit, or Ford Motor Credit Company as a purchase or a lease.  New and Used vehicle financing is also available through local and national lenders.  We work with local Credit Unions and Banks and can save you their loan fees.

2. How can I determine my financing options?
The customer completes a loan application with the help of one of Flanagan’s Sales Consultants.  Flanagan’s Business Manager reviews the customer’s credit history and submits the application to the appropriate lenders.  Within about one hour, the lender confirms the options, terms and conditions.

3. How can I get the best interest rate?
Because Flanagan’s Business Managers works with a large number of lenders, they know which lender has the best current offers.  Sometimes the manufacturer has a new car credit promotion unavailable from your local bank.  Sometimes the manufacturer has available rebates and the local Credit Union has the best rate.  Flanagan’s puts the Business Manager’s knowledge to work for you.

4. Does Flanagan’s offer financing or do I need to research lending institutions on my own?
Flanagan's staff wants to help make it easy for you to buy a vehicle.  You don’t need to research lenders, but if you know what your lender offers; we can compare rates for you. 

5. What if I want to sell or trade in my old vehicle before my loan is paid off?
Many of our customers still have a loan on their trade vehicle.  We check your payoff, and make arrangements to satisfy the old loan.  You bring in your title, sign a few forms, and we do all of the paperwork and legwork.

6. What are the differences between financing new and used vehicles?
The difference is that new vehicles often have rebates or special terms available.  Lenders have a chart that determines how long a used vehicle can be financed, depending on your credit history, and the vehicle’s age, price, and mileage.  There are many options, Flanagan’s can show you what lenders and lending options will work best for you.

7. What if I am working to restore my credit?
Flanagan’s works with lenders who are able to help restore your credit.  Your old car may be costing you more than you realize.  A newer, fuel-efficient vehicle under warranty will not surprise you with frequent repair expenses.