Auto Loans in
New Jersey

 

Tired of going to auto dealers and not being able to get approved for a loan?  Here at Thompson Car & Truck we work with many different lenders, banks and credit unions that can get just about anyone approved for a car loan.  Check out our inventory below to see what you would like to qualify for and give us a call to get started.

 

 GREAT FINANCING RATES
 AUTO LOANS FOR ALL CREDIT TYPES
LOW CAR & TRUCK PRICES
WE CAN HELP ANYONE WITH FINANCING

 

 

 

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Internet Price
$51,850
Internet Price
$49,875
Internet Price
$14,795
Internet Price
$43,850
Internet Price
$7,850
Internet Price
$26,995
Internet Price
$19,995
Internet Price
$14,700
Internet Price
$26,997
Internet Price
$28,750
Internet Price
$29,985
Internet Price
$18,850
Internet Price
$10,995
Internet Price
$13,500
Internet Price
$29,850
Internet Price
$31,995
Internet Price
$11,980
Internet Price
$13,850
Internet Price
$14,995
Internet Price
$4,500
Internet Price
$8,850
Internet Price
$6,850
Internet Price
$18,995
Internet Price
$11,995
Internet Price
$15,995

6 Basics Of A Car Loan

If you're thinking about buying a car, here are 6 steps you can take to ensure you understand how the process works before you start to look for your next car.
 
  1. It's important to understand how your credit score can affect the interest rate on a car loan. The higher your score is, the lower the interest rate will be on the loan. Lower interest rates will save you money on the interest you pay on the loan. You can check your credit score by looking at the information in your credit reports. If it turns out that your credit score is not good, you are still eligible for a loan but at a higher interest rate.
     
  2.  The next step is to figure out how much money you can spare for the car payment and still stay within your budget. There are loan calculators available online that can figure that out for you in just a few clicks. Once you have decided on a payment amount, enter the amount in the loan calculator to find the total amount you will be able to spend on a car.
     
  3. Next, decide how long of a term you want on your loan. Car loans are usually for a 3, 4, 5 or 6-year term.You will need to factor in automobile insurance costs and general maintenance costs, those expenses are not included in your loan payment.
     
  4. You will need to find out how much insurance will cost on the car you have in mind, contact an insurance agent, answer a few questions and they will be able to give you an estimate on the car you are considering buying. You should be prepared for the total costs involved before buying a car.
     
  5. Next, it's time to start looking for a loan. You can do this online, or talk to a loan officer at a local credit union or bank. You can find different rates if you shop around. Once you have found the best rate you can get, apply for the loan to see if you qualify. If qualified, you will be pre-approved for a period of time and for a certain amount of money.  When you are pre-approved, the car buying process is easier because although you can spend less than the pre-approved amount, you won't be able to spend more unless you are trading in another car or want to make up the difference another way. If you end up spending less than the pre-approved amount, you don't get any difference back, you just take out a smaller loan.  Sometimes the bank may require you to have a co-signer on your loan if you don't have good credit or don't have any credit history.
     
  6. Now you can go shopping for your car. Being pre-approved means you can work on getting the best price for the car you want, and you don't have to worry about the financing.