Have you ever wondered how the interest rate on your car loan is determined? We know that many car shoppers have some anxiety about their auto financing because they don't have a good understanding of it. If you want to know about your interest rate, the finance center at Lynchburg Nissan is an excellent resource. We have the experience and knowledge to provide you with all of the information you need about your car financing.
Essentially, your interest rate is a measure of the risk that the bank or credit union is assuming by lending you money. The higher your interest rate, the riskier your application was deemed. Many factors go into determining risk, like credit history and debt-to-income ratio. If you are interested in knowing more about your auto loan or Nissan lease options, apply for credit with Lynchburg Nissan today.