Your Lexus Financing FAQs Answered by Our Experts
We love buying a car. The thrill of rolling up to a new car dealer, the excitement of looking out over acres of glittering hoods and gleaming paint -- it's enough to flutter anyone's heart. But how often is this passion lost when you move from the showroom to the financing office? Too often, we think. That's why our auto financing team is answering the most commonly asked Lexus financing questions we get.
Below, you'll find straightforward, honest answers right from our experts, uncensored and undiluted. Sharing their knowledge is our way of making the purchasing process more transparent, so that you can enjoy a stress-free consultation with our finance pros. If you want to partner with a dealership that puts your needs first, visit North Park Lexus at Dominion today and buy with confidence
Why Buy at North Park Lexus at Dominion?
For over 50 years, Clarence Kahlig has proudly led the Kahlig Auto Group, building a legacy rooted in trust, quality and community. Our posted pricing promise ensures fair market value for every new, pre-owned, and L/Certified Lexus, reflecting our unwavering commitment to transparency and customer satisfaction.
At the heart of the Kahlig Auto Group lies a deep family philosophy that prioritizes integrity, respect and excellence. These values have earned us a stellar reputation, recognized by multiple national and local awards, and reinforced by the trust of our loyal customers.
Our dealerships aren’t just places to purchase or service vehicles -- they are cornerstones of the communities we serve. Through extensive community support initiatives, we strive to give back and make a positive impact on the lives of our neighbors.
What truly sets us apart is our people. Our team goes above and beyond to not only service your vehicle but to provide a luxurious ownership experience. We create a sense of belonging and safety, ensuring that every interaction with North Park Lexus at Dominion is exceptional and memorable.
When you choose North Park Lexus at Dominion, you become part of a legacy over five decades in the making -- a legacy defined by dedication to excellence and a commitment to delivering unparalleled value and care.
Frequently Asked Financing Questions
01
How much of a down payment do I need to finance a car?
Most lenders recommend a down payment of 10-20% of the car’s purchase price. A higher down payment can lower your monthly payments and reduce the overall interest you pay over the loan term. However, based upon your credit you may have the option to get into a vehicle without any money due at signing. All down payment options can be discussed with our Finance Manager, who can help you customize your purchase to fit the needs of your family, your budget and your lifestyle.
02
What additional costs will I be responsible for when buying a new car?
In addition to the purchase price, you may need to cover taxes, title and registration fees and dealership fees, as well as optional add-ons like extended warranties, products and service plans. Be sure to budget for insurance costs as well.
03
How can I find the value of my trade-in?
We are always happy to provide you with an official appraisal of your vehicle, ensuring our best trade market value for your vehicle. Start the process using our trade-in calculator today.
04
Does my credit score impact my loan rate?
Yes, your credit score is a major factor in determining your loan rate. Higher credit scores typically qualify for lower interest rates, while lower scores may result in higher rates. At North Park Lexus at Dominion, we have built long-lasting relationships with Lexus Financial Services and other local lenders to offer you the best rate for which you qualify. Apply for financing now to get started.
05
I have a low credit score -- can I still finance a car?
Yes, many lenders offer financing options for individuals with low credit scores. You may need to make a larger down payment or accept a higher interest rate, but financing is often still possible.
06
I don't have a credit history yet -- can I still finance a car?
Yes, some lenders specialize in helping first-time buyers without a credit history. A cosigner with a strong credit history or proof of steady income may improve your chances of approval.
07
What's the best length for a car loan?
The ideal loan length depends on your financial situation. Shorter loans (36-48 months) usually have lower interest costs but higher monthly payments, while longer loans (60-84 months) reduce monthly payments but may cost more in interest over time. We offer a variety of options within these ranges and can discuss your best options specific to your situation.
08
Can you offer a better interest rate than my pre-approved rate?
We recommend bringing your pre-approval details to discuss. Our financing team often works to match or beat pre-approved rates from other lenders.
09
Can I reduce my monthly car payments down the road?
Yes, refinancing your car loan at a lower interest rate or extending the loan term can reduce your monthly payments.
10
Can I trade or sell my car while I'm still paying it off?
Absolutely, most people do! That said, you’ll need to pay off the remaining loan balance first. If the trade market value or sale price is less than the payoff amount, you’ll need to cover the difference. We can walk you through your options on how to capitalize on equitable positions or minimize the impact of non-equitable positions, and we'll also structure your transaction so that it's easy to switch vehicles down the line.
11
Can I add a warranty when I buy a car?
Yes, we offer terrific extended warranties and service contracts at the time of purchase. These can provide additional coverage beyond the manufacturer’s warranty. We also have special products available to our clients at the time of purchase that can enhance their ownership experience and ownership costs.
Finance a New Lexus Near Me
It's never been easier to buy a Lexus in San Antonio. If you're ready to enjoy complete support from auto experts, contact North Park Lexus at Dominion today. Let our sales and finance teams show you how we set a new benchmark of excellence for Texas luxury car owners.