Purchasing a vehicle almost always involves some type of financing. The vast majority of people simply don’t have enough money lying around to purchase their vehicle outright. However, they can get one through a financing deal through Yemm Auto Group in most cases. First-time buyers and those with less than stellar credit scores may want to consider some of the following frequently asked questions put together by our finance specialists as they prepare for financing their next vehicle.

What Is APR?

The letters “APR” will appear next to many official documents that are related to borrowing money. Those letters can be intimidating to someone who doesn’t know what they mean. The answer is quite simple. They mean Annual Percentage Rate, and that is what you will pay as a percentage in interest over the course of the year while holding that loan. The higher the number, the more money you pay over the life of the loan.

Can a Vehicle Be Returned After It Is Purchased?

Once the deal is done and the vehicle is purchased it generally cannot be returned except in rare circumstances, such as with severe defects. Thus, you need to make completely sure that you know what you are doing and what you want with this vehicle that you decide on. It is a big decision, so take your time speaking with the finance team at Yemm Auto Group so you know exactly what you are getting into.

Finance Your Next Vehicle Through Yemm Auto Group

These are some of the basic questions you should ask regarding auto financing. There are a lot of other aspects that could come up around this. Call or email our finance center to get the facts on up-to-date interest rates, understanding the pros and cons of leasing, and any other questions you have about financing from Yemm Auto Group.

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