Mastria Auto Group: Ask a Finance Expert FAQs
Whether you're a first-time car buyer or considering an upgrade to a new Mazda SUV, Kia sedan, GMC truck or used vehicle, it's crucial to explore all your auto financing options. The expert finance team at Mastria Auto Group is highly experienced in auto financing and can offer you the valuable guidance you need.
Learn more about car loan interest rates, no-credit vehicle loans and other financing options with the help of the Mastria finance team. Visit our local car dealerships in Raynham to browse our inventory -- we look forward to assisting you in securing the perfect financing plan for a new Subaru Ascent, Mazda CX-5 or Cadillac XT5 for sale in Massachusetts.


Car Loan & Auto Financing FAQs:
What are the current interest rates to buy a car?
Most banks are currently offering 5.99% APR for up to 60-month terms, pending credit approvals and proper loan structures. This can range all the way up to 21% in Massachusetts, depending on your credit score.
How do I get a good interest rate?
Improve your credit score, build a steady employment record, understand your Debt to Income Ratio and compare offers from lenders.
How much deposit will I need for a car finance agreement?
Not every loan requires a down payment. A minimum deposit of $500.00 is how we ensure no one else can buy your car while we get things approved by a local bank.
What additional costs will I be responsible for when buying a new car?
You will be responsible for sales tax, title, registration and documentation fees. The doc fee differs dealer to dealer.
How can I find the value of my trade-in?
You can have your vehicle appraised at our local Raynham dealerships. You can also do online research through KBB or other sources to get a good idea of your vehicle's value.
Does my credit score impact my loan rate?
Yes, the better your score is, the more aggressive a bank will be at giving you an advantageous rate. If you have great credit, expect a lower rate. If you have poor credit, expect a higher rate.
I have a low credit score -- can I still finance a car?
You may still be able to finance a car. It all comes down to what the bank is willing to let you borrow. With the right loan to value ratio, you may be in luck.
I don’t have a credit history yet -- can I still finance a car?
Some banks do have first-time car-buyer programs, but not all. There are some nearby banks that offer these programs. You can also apply for a subprime car loan in Massachusetts.
What’s the best length for a car loan?
It depends on what is important to you. If you finance for 36 months, it will be the lowest rate and lowest amount of interest possible, so you will be out of the loan for the least amount out of your pocket. If you opt for an 84-month loan, you will pay the most interest possible, but will have a significantly lower payment.
Can you offer a better interest rate than my pre-approved rate?
We may be able to beat your pre-approval rate as we use many local lenders, including some that are more advantageous than others.
Can I reduce my monthly car payments down the road?
The only way to do this is by refinancing. Paying off the car faster will lower your principal loan balance, but not change your payment.
Can I sell my car while I’m still paying it off?
Yes, as long as you send the amount you owe to the bank, they will send you the title so you can transfer ownership. You cannot sell a vehicle if you still have a loan on it.
Can I add a warranty when I buy a car?
Yes, you can also add a warranty after your vehicle purchase.
Does the dealership accept outside financing?
No, we do not accept outside financing at this time.
What should I do if I have questions about my financing?
Contact Mastria Auto Group to speak with the finance manager who worked with you. They'll be able to answer all of your questions!
Local Car Dealerships in Raynham, MA
Visit our nearby Kia financing center or local Mazda dealership to enjoy the ideal choice for drivers in the area who wish to finance, lease or sell a car. We offer a great selection of models ranging from the family-friendly Nissan Rogue to the rugged GMC Sierra and a wide variety of Subaru SUVs for sale in Raynham. Also, don't forget to look at our new car specials to save on your purchase!