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Finance Department
Maserati Alfa Romeo of Daytona
We Can Help with Challenging Credit
Before you get discouraged, know that we have helped people who thought they couldn’t own one of our luxurious vehicles, all because of their credit situation. Believe it or not, there are lenders who want to give you a loan. We have a considerable pull with lenders because of how many cars we sell, so we can usually make things happen when others can’t.
No matter your situation, come in today and talk with our talented team.
Sales Information
- Sales:(386) 523-1616
- Mon - Fri9:00 AM - 9:00 PM
- Sat9:00 AM - 7:00 PM
- Sun11:00 AM - 6:00 PM
Budget Friendly Solutions
We offer a wide range of carefully selected financing options from among the most competitive and affordable lenders available.
Fast Application Process
Our Finance Department will work with you to complete your personalized credit application as quickly as possible.
Honesty and Integrity
Our finance process is completely transparent and our lenders will keep your personal information private.
How Lenders Decide to Finance Your Loan
Our team of financing professionals at Maserati Alfa Romeo of Daytona not only have the knowledge but also the work ethic to do what it takes for you to get the best possible financing for your luxury vehicle purchase. We have customers from all around Daytona and Florida who enjoy doing business with us, thanks to our excellent financing reputation.
In the spirit of honesty, we want you as a customer to know how the whole process works. Armed with this knowledge, you can better choose the option that’s best for your unique situation.
Several things will affect what kind of financing we can provide. Among them are:
- Amount of your down payment. No matter if you have spotless credit or several issues, putting down more money can help secure better financing options.
- Trade-in value. How much you can get for your trade affects things.
- Your credit history and score. The better these two numbers are, the more options are at your disposal. Remember that we can usually still help you out even if you have poor credit.
- Your purchase. When making a decision, finance companies will look at the year, make, model and mileage for a car. The purchase price of the vehicle is another big factor.
- Personal information. We need to collect not only your income amount but also how long you’ve been living at your current residence and been working at your current place of employment.
What to bring with you
- A valid driver ‘s license
- Proof of Insurance
- Proof of Current Income
- Proof of Current Residence
- Proof of Current Phone Number
In some cases, you may be asked for additional information. We?ll walk you through every step of the way and respect your privacy and concerns.
Leading Credit Reporting Agencies
Experian:
- www.experian.com
- 1.888.397.3742
Equifax:
- www.equifax.com
- 1.800.685.1111
TransUnion:
- www.transunion.com
- 1.877.322.8228
Monthly Payments
Many people worry about what kind of monthly payments they’ll be facing once they get a new vehicle. The financing team at Maserati Alfa Romeo of Daytona understands this, which is why we work to help you choose a vehicle that will fit within your budget, whatever it may be.
You need to understand that three items factor affect the amount of your monthly payment:
- Number of months you’ll finance the vehicle. Making the loan last longer actually shrinks how much you pay each time.
- Total loan amount. Going with a less expensive vehicle, or putting down a significant amount of money up front will lower the monthly payments.
- Annual percentage rate (APR). The lower this number, the lower your monthly payment.
Your Credit
The fact is that having good credit allows you to afford more, since it will help you get a lower APR and more manageable monthly payments. Lending agencies look at the scores and history you have with the three major credit bureaus when making decisions. If you’re not sure about your credit score or history, our professional team can look it up for you and explain things.
Several items will affect your credit score. Some of the most important are:
- Payment history. Being late or not paying on other loans actually hurts your credit.
- Open accounts. How many lines of credit you have and what kind they are play a factor.
- Total amount of debt. How much you owe owner creditors in relation to your income helps determine how much more you can afford to take on.
- Recent credit inquiries. Too many recent hard inquiries will negatively affect your score.
- Public records. Having judgements and liens against you will diminish what options you have available.
| Total Amount Financed | Number of Months Financed | Annual Percentage Rate | Monthly Payment | Details |
|---|---|---|---|---|
| $17,500 | 60 months | 10.00 | $372 | Standard financing |
| $15,500 | 60 months | 10.00 | $335 | Reducing 10% of the financed amount equates to 10% less in payments |
| $17,500 | 66 months | 10.00 | $346 | Increasing length of loan by 10% equates to a 7% reduction in monthly payment |
| $17,500 | 60 months | 9.00 | $363 | A 10% reduction in interest equates to a 3% payment reduction |
