When you are getting excited about driving home in a powerful 2019 Chevrolet Silverado 1500 or a sporty and efficient 2019 Chevrolet Cruze, the last thing you want is to feel anxious about the financing process. Here at Lester Glenn Chevrolet, our finance department will make the process as smooth and simple as possible for you.

How to Apply for a Car Loan

Applying for a car loan can seem daunting to a lot of drivers. But you can master the process like a pro by following these guidelines.

One of the first things you’ll need to take care of is determining your budget. Figure out how much you can realistically spend each month making payments towards your car loan. Each model in our inventory of new Chevrolet cars features an easy to use payment calculator, so you can quickly find out which vehicles are within your budget.

You may also have a trade-in that can significantly reduce the amount you’ll need to finance. We have a tool that lets you get an instant cash offer for your car that you can subtract from the amount you’ll need to borrow from a lender. Around this time, you should also determine your credit score. The general trend is that higher credit scores earn easier loan approvals and lower rates, so this will be a factor when considering your budget and how much you’ll be able to finance.

Once you know how much you will need to finance in order to buy the cars you are interested in, apply for financing online so you can get pre-approved. When you’re approved, head on over to our Toms River, NJ Chevrolet dealer, where you can test drive your top options that are in your budget. Since you’re pre-approved for a loan, you can enjoy a quick process as we finalize your purchase so you can drive home in your exciting new Chevrolet car!