Buying a car is a process. First, you look into the vehicle you're interested in. Next, you seek out responses to your financial questions. Puklich wants to make car financing as easy as possible for you, which is why we supply auto financing FAQs. If you can't find the answers to your questions on this page, call us at to speak to one of our friendly finance professionals. You can also pre-qualify for financing to save time before even stepping foot in our dealership. Simply fill out our convenient online pre-qualification appand let us take care of the paperwork ahead of time!
What exactly is APR or Annual Percentage Rate? APR is the interest rate attributed annually on the outstanding balance of your auto loan.
How is my APR rate decided? Many parameters define auto loan APR rates. One element is current economic bank rates, another is credit history, still another is your down payment on the auto loan, a fourth is the total amount you decide to finance, as well as the type of vehicle you're financing and the length of your financing contract.
What is Fixed Rate Financing? Fixed Rate Financing is where the finance rate stays exactly the same over the life of the auto loan, making your payments precisely the same over the duration of your loan.
What is Variable Rate Financing? Variable Rate Financing is where the finance rate changes depending on market trends, making the total amount you pay over the duration of the loan fluctuate compared to market bank rates.
What is Wholesale Rate? The Wholesale rate refers to the rate at which the assignee purchases a retail installment sale contract from Puklich Chevrolet.
Who is the Assignee? The assignee is the bank that purchases your car loan from Puklich Chevrolet.
Direct Lending Vs Dealership Financing
What is the most important difference between Direct Lending and Dealership Financing, aside from who you make monthly payments to? Direct lending, in theory, gives you freedom to search around and evaluate lender rates, but it also can be a hassle. Financing with Puklich Chevrolet means we find competitive market bank rates, which helps you save time and gets you into your new car faster. If you want to check around for other auto financing options in Bismarck, we encourages you to do so. We encourage this because we know the more research you do, the more satisfied you'll be with your final vehicle purchase!