Haddad Hyundai Frequently Asked Questions
How is my interest rate determined?
Your interest rate is determined by a number of different factors. First and foremost, the credit institution will look at your credit history and determine your level of risk. They will also take other factors into consideration such as: the amount of money you are putting down, the length of the loan you are applying for, your payment history with them and your co-signers credit history. Your interest rate will also depend on whether you are buying a new car or used car. To get more information about how to qualify for a loan contact Chris Kramek at 413-997-9390.
Do I have to put money down?
There is no definitive answer to this question. As with interest rates, your down payment will depend on your credit history along with the age of the car you are buying. A 20% to 30% down payment is common but is not always necessary.
How long does it take to get approved for a car loan?
With Haddad Finance Department’s years of experience. we can often determine your eligibility for a loan before we even send your credit application to the bank! Obtaining financing is usually a very quick process. Haddad’s strives to get each and every car loan approved and has an extremely high success rate. If you would like to get more information contact Chris Kramek at 413-997-9390.
How can I protect my loan in case something happens?
In this volatile world we live in, things are changing all the time and it seems we can never be too prepared for unforeseen circumstances. There are several ways to protect your loan and your vehicle. Our lenders and manufacturers provide us with the opportunity to help our customers by allowing us to offer such things as GAP waivers, Service Contracts, Liability Insurance, Environmental Protection Packages, Pre-Paid maintenance programs, and Anti-theft systems, along with a whole host of other products. Our department will help determine which protections best suit your needs. For questions call Chris Kramek at 413-997-9390.