Online Financing

Why choose Carnance?

Here at Carnance, we pride ourselves on our incredibly fast and efficient application process, our highly competitive prices, and our customer-oriented features. Our  trained, and highly experienced staff will go out of their way to ensure that the process of buying a new or used car through our financing plans is as easy and efficient as possible.

How does it all work?

Our car financing process is very easy. All you have to do is select a vehicle from our wide array of pre-inspected vehicles and begin your application to receive an auto loan online. Once you’ve been approved, a Carnance representative will walk you through the different financing options you will have available. Choose whichever financing options meets your financial goals, and you’re done! Congratulations!

Am I able to apply for credit online?

Yes, of course! When choosing a vehicle through Carnance, you will find a link below each vehicle. This link will allow you to begin your financing application online immediately.

What factors should you consider when looking for your new vehicle?

When buying a new or used vehicle, there are important factors to consider when it comes to your personal finances. First, is the vehicle’s specifications such as the price of the vehicle, age, and mileage. Second, and a quite important factor, is your personal income information and credit history. The better your credit history, the more financing options you will have available to you. Another major factor that will affect your financing options is the size of your down payment. The higher the down payment, the lower the monthly payments and vice versa.

What is a credit score?

Credit scores typically involve a report that is created in order to let financial decisions be made with your chance of risk in mind. Credit scores typically range from 350 – 850. The closer you are to 850, the better your credit score is.

What is your credit score determined by?

Your credit score is determined by your current debt, your credit history, your previous payment timeliness, as well as your public records.

Need more information on your credit history

Looking for more information on your credit history? Try one of the three following credit reporting agencies.

Experian
www.experian.com
888-397-3742

TransUnion
www.transunion.com
877-322-8228

Equifax
www.equifax.com
800-685-1111

My credit is amazing, what special benefits do I get?

Your financing options and terms greatly improve with a high credit score. Lower interest rates mean lower monthly payments. Having strong credit may also increase the length of your financing term. The longer the term, the lower the monthly payments. Whatever the situation is, however, the staff at Carnance will guide you through the process and you get to make the key decisions.

My credit isn’t so great, what will I get from Carnance?

Even with bad credit, you will still receive competitive pricing, a hassle free process, and the highest quality financing plans available. We work with consumers of different ages and credit strengths.

What will my finance rates be?

Depending on your credit history, the size of your down payment, and the make, model, year, and age of the vehicle you’re buying, a customized payment plan will be made available to you. In order to get a solid answer, however, please fill out our online application and a member of the Carnance team will happily assist you.

What will my monthly payment be?

Your monthly payment size is to be determined by your financial plan, the length of your repayment term, as well as the Annual Percentage Rate (APR) that you will be approved for. Please feel free to use our online calculator located at the bottom of every car ad.

How much should I budget for my car payment?

A good way to budget for your monthly payment budget is to calculate 15% of your monthly income. That amount is what you should never go over when budgeting for a vehicle. For example, if you make $5000 a month, you should not have a payment more than $750 on the vehicle.

How do I start buying a car with Carnance?

Browse Carnance’s large inventory to find your perfect vehicle match. Once you have found your vehicle, reserve it by putting down a refundable deposit of $500 dollars to make sure no one else buys your vehicle while you’re in the process of your application. Complete our application process and get your vehicle delivered straight to our door.

What if there is something wrong with my vehicle?

Every vehicle on Carnance is protected by our 7-day Guarantee. If there is anything wrong with your car that we can’t solve to your satisfaction, we’ll take it back and help you find another.

Will my personal information be secure with Carnance?

Carnance guarantees the protection of your personal and financial information. Our systems are heavily guarded by secure and trusted third party services. For more information on how your personal information is protected, speak to one of our representatives.