KOONS WOODBRIDGE BUICK GMC FINANCE CENTER

Digital Retailing Tools

Looking to prequalify for credit? Or, perhaps you're interested in getting an idea of prospective auto loan and finance packages? Regardless of which you're looking to do, our digital retail tools can help! Arlington and Vienna area drivers can fill out an online finance application right from the comfort of home! No need to leave the house, stay comfy and take care of almost every step of the financing process with our handy digital retailing tools! Digital retailing tools can assist drivers with valuing your trade, estimating your monthly payment and filling out an online finance application! Those are just out finance-related digital retailing tools!

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Buying Vs Leasing

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Interested in purchasing a vehicle but don't want to be tied to it for very long? Leasing might be for you! Leasing allows drivers to lease a vehicle for anywhere from 2-6 years and return it to the dealership at the end of the lease agreement period. Buying, comparatively, entails commitment. Buying usually means taking out a loan to buy the vehicle from the dealership, and then you make monthly payments to pay off the loan. The Koons Woodbridge Buick GMC team can assist with either option!

Finance Options Vienna

From new to used vehicles, Alexandria drivers can count on the Koons Woodbridge Buick GMC team for assistance! Feel free to contact our finance team with any questions!

Auto Finance Vocabulary

Buying a vehicle is an easy process. Like any industry, however, the financing world has its share of odd and sometimes difficult to understand language. Here's a short list of the most common terms used during the finance process:

• APR: The Annual Percentage Rate
• Assignment: A transfer of a loan from one lender to another
• Base Price: The costs of a car with standard equip incentives & freight
• Certificate of Title: A Legal document issued by a state at the time of sale
• Co-signer: A person who takes on a loan if the orig. borrower stops pay
• Default: Failure to meet the terms of the loan
• Interest: A percentage charge for a loan
• MSRP: Manufacturers Suggested Retail Price
• Refinance: When one loan is used to pay off another
• Term: The length of the loan, 24, 48, 60... months
• Underwriting: Verifying the data used to obtain a loan