FINANCING WITH BERLIN CITY LEXUS OF PORTLAND

AT BERLIN CITY LEXUS, AUTO FINANCING IS EASY

At Berlin City Lexus of Portland, we are focused on getting customers the right finance program at the most competitive rates. Explore how Berlin City Lexus can help you find the car that fits your budget and lifestyle, the easy way.

Our team of finance experts is dedicated to building personalized payment plans and getting you the best car lease and loan rates that fit your budget. Before you even step through our doors, you can access various finance tools to make the process even easier, including a quick & secure finance application that you can complete online.

Get Pre-Approved

We can assist you in purchasing the new or used car you deserve thanks to our strong relationships with regional and national lenders. Whether your past credit has been excellent or less than excellent, we can still help! Chances are we can locate a lender and a program to meet your budget, regardless of your credit situation. Even if you have no credit, our lenders can still assist you.

Thanks to our world-class inventory and wide range of perks, shopping for a car with us is a lot more satisfying than at other area dealers. For starters, our lot is filled with new and pre-owned Lexus vehicles, including can’t-miss models such as the ES, RX, NX, IS, and UX. Our sales reps love talking to our customers about our inventory and are ready to help you choose your car!

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BANKS WE WORK WITH

 Bank of America HomepageTD Bank America's most convenient bankNBT Bank Logo Wells Fargo

CREDIT UNIONS WE WORK WITH

PeoplesChoice Credit Union | Local Credit Union | Southern MaineServicenecu-logoService Credit Union Named to Forbes 2021 Best-in-State ListPentagon Federal Credit UnionAcadia Federal Credit UnionHeader logo Workers Credit Union Logo Alt TextConnected CU Workers Credit Union Logo Alt Text

VEHICLE FINANCING 101

When you’ve found the perfect vehicle that you want to purchase, you can either pay for the vehicle in full, lease it, or finance it. If you choose to finance the vehicle, that means that you will be taking out a car loan that you repay over time. Below you’ll find important auto finance information you should know about:

What information do lenders look at?

  • Credit history: Credit scores are designed to show lenders how likely you are to repay borrowed money. Are you worried about your credit score not being high enough? No worries, our lenders and finance experts can still assist you on financing your next vehicle. A credit score does not tell lenders everything they need to know about you, many also look for unpaid collections, bankruptcies, foreclosures, outstanding debts, and delinquent accounts.
  • Proof of income: Your income will help lenders determine your ability to repay the auto loan.
  • Down payment: A down payment is a percentage of the vehicle’s purchase price. By making a down payment, you are showing the lenders that you are committed to paying back the loan, it might help you get approved and it will lower your monthly payments.

These are a few factors that lenders use when deciding whether to approve an auto loan. Do you want to learn more about what lenders look for in an applicant? Contact us and one of our finance experts will help answer your questions.

Loan to Value

A financial ratio that compares the amount of money being borrowed to the market price of the vehicle being purchased. Lenders will calculate the Loan to Value ratio by dividing the requested loan amount over the cost of the vehicle then multiplying by 100.

How is the interest rate determined?

An interest rate is the monthly cost you pay to borrow money from a lender which is stated as a percentage. There are a range of factors that lenders look at when determining what interest rate to offer you including your credit score, down payment, income and the length of your loan.

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Berlin City Lexus of Portland 43.682210, -70.324730.