New Motors

8670 Peach St
Directions Erie, PA 16509

  • Sales: (877) 226-2008
  • Service: (877) 732-2478
  • Parts: (877) 226-2045

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Get Financing | Erie Auto Finance Department

 

Find Financing In Erie

After you have found the perfect vehicle on our lot, the next important step is securing financing that will fit your budget. Our expert financing team is here to crunch the numbers and make sure you get the best finance plan possible.

What Is Financing?

Financing is the simple way of describing the process of paying for your new or pre-owned vehicle. Since most people cannot pay for their car outright when they arrive on the dealership, we tailor a payment plan - via an auto loan - to help you.

Once you have a loan that fits your budget, you will begin to pay it back. Unless you sell the car, you will have full ownership of your vehicle once the loan is completely paid off.

Are There Alternatives?

The other form of payment many people pursue is leasing. When you lease, it is not necessary to get an auto loan, nor would you have ownership of the car. Instead, like renting an apartment, you would pay a monthly fee for a predetermined amount of time for the privilege of driving the vehicle.

It very much is similar to the difference between renting an apartment and buying a home. It comes down to ownership and payment style.

If you would like to learn more about these financing options, our financing team would be more than happy to sit down with you and go over the numbers.

What's My Next Step?

Whether you are right in Erie, or one of the many areas we serve - including Meadville, Edinboro, Waterford, and Fairview - we invite you down to New Motors in Erie, PA. Our team of experts would be more than happy to sit down with you and help you in this journey towards car ownership.