At Volvo of Bonita Springs our finance team is on your side. If your credit is less than stellar, bad or you have no credit at all our finance group will do their absolute best to find financing that allows you to purchase the car you want and that fits within your monthly budget.
Unlike banks and lending institutions who seem to focus on finding reasons not to loan to you, our staff of finance specialists focus on finding reasons to loan to you.
In the automotive financing business the decision to grant financing is often based on the recommendation of the organization (dealership) submitting the request. The finance department at Volvo of Bonita Springs has developed excellent relationships with a number of lenders who have come to trust the recommendations from our department.
We want to get you in the Volvo you want at a payment you can afford…that's our prime objective.
Times are Still Difficult
While the nation appears to be slowly recovering it really is difficult to point to many signs of recovery between Cape Coral and Marco Island. Real estate prices are slowly coming back and Hertz just became a Bonita Springs neighbor but SW Florida in general is slow in coming back from the recession.
The recession hurt many god people with repossessions, under employment or loss of employment and loss of investment income. Toss in the other financial calamities like medical expenses, divorces, escalating ARM mortgages and you have an environment that it is difficult to maintain a decent credit rating.
We understand that. We also understand that having reliable transportation is essential in SW Florida given the absence of any meaningful mass transit system. Unless you are within walking distance you need a car to get to work, to get to the grocery store or get to medical care.
We have the automobiles and we see finding the financing as being just as important to our customers as providing them great deals on our inventory.
Options
The financial part of taking delivery on an automobile basically involves comparing the financial resources you bring to the table and the programs and inventory we have to offer.
For example if you are cash strapped for a down payment you may want to consider looking at our lease programs as an alternative. If you have an old car that you believe wouldn't cover the down on a new financed vehicle, odds are it will not only cover the initial cash required for a lease but could reduce your monthly payments over the term of a lease.
Our Volvo lease program is an excellent way to take delivery on a vehicle that would otherwise be outside your budget.
Used cars, particularly Certified pre-owned Volvos are another great way to get the value you want at a reduced cost. When a brand new car leaves the lot there is a loud thunk as roughly 20% of the purchase price falls off the car thanks to depreciation. It doesn't mean that the car is any less capable; it just means that the power of the marketplace has reduced its resale value.
You can take advantage of that depreciated cost by shopping for a used vehicle. Reduced price means reduced sales tax, reduced down payment and lower monthly payments.
With the advances in technology and manufacturing processes that have been made in the automotive industry over the past decade the service life of the average car has doubled what it was in 1980.
If you are concerned about financing, pick up the phone and call our finance department today and let them help you find a way to make your purchase happen.
Written By: Joe Parisi