Financing
Financing and Leasing
How do I apply for Financing or Leasing?
Once a vehicle has been selected, you will receive a credit application. After submitting the application, your Dimes Motors concierge representative will contact you within 48 hours. If you have questions, you may contact them directly at Once a vehicle has been selected, you will receive a credit application. After submitting the application, your Dimes Motors concierge representative will contact you within 48 hours. If you have questions, you may contact them directly at [email protected]
Can I finance with my own bank or credit union?
Yes. To apply third-party financing to your vehicle, most dealerships will need:
- the name of the funding institution
- the exact dollar amount of your loan
- the lien-holder address and phone number
You will receive final paperwork upon completion of your vehicle purchase.
When do I apply for Financing or Leasing?
Finance approvals are valid for between 30-60 days. It’s best to complete your purchase within that range to avoid more hard pulls on your credit for the same vehicle.. Leasing approvals are valid for 90 days.
Can I use my bank or credit union to finance my purchase?
Yes, you can! We work with most US-based banks and credit unions so you can choose the financing and payment options that work best for you. When placing an order, you will be asked to provide the name of your bank, the amount of your loan, and your loan officer’s information, if applicable.
If I have bad credit, can I still finance my purchase through Dimes Motors?
Yes, as long as you are 18 or older, have sufficient verifiable income, and have no active bankruptcies.
Will my financing terms ever change?
With Dimes Motors, you’ll receive real, personalized terms based on the information you provide. Your rates won’t change unless your information changes or your terms expire after 30 days.
How long are my financing terms good for?
Financing terms are good for 30 days from the date you received them. If they expire, or your information changes, you can request new terms by resubmitting your application.
How are my financing terms determined?
Your terms are non-negotiable and based on your credit history, your individual income, and the price of the vehicle you’re looking at. Since vehicle price is considered, you will notice that your terms will vary depending on the vehicle you choose.
Can I pay more than the required amount for my down payment or monthly payment?
Yes, you can increase your down payment, monthly payment, and even pay off your loan early without any penalties or added fees.
What are my options if I can’t afford my down payment?
Your lowest possible down payment will vary depending on the vehicle you choose, and your minimum down payment and terms are not negotiable.
Adding a trade-in to your purchase may help offset the cost of your vehicle and reduce your minimum down payment. You can also check to see if your bank or credit union will offer you financing with a lower down payment.
When is my down payment due?
Your down payment is due prior to receiving the vehicle to satisfy the loan.
Can I split my down payment into multiple payments?
Unfortunately, no. Your down payment is processed as a single transaction and cannot be divided into multiple payments. If you accept the vehicle, the down payment is processed when your vehicle is delivered or picked up.
When is my first monthly payment due?
If you financed your vehicle through Dimes Motors, your first monthly payment is typically due 28-30 days after you accept your vehicle. You can find your exact due date inside your contracts.
