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Financing

Car Loan Charlotte and Salisbury - Gerry Wood Honda

Looking for a good rate on a new Honda or used car in Charlotte and Salisbury? Look no further than the financial team at Gerry Wood Honda! We work with the area's top lenders to secure a fast, low interest car loan. Whether your credit is good or bad, Gerry Wood Honda will work with you to find the car loan in Charlotte and Salisbury that fits your budget. Begin the process of securing a car loan or lease by filling out Gerry Wood Honda's online finance application form from the comfort of your home or office. We will contact you as soon as we review your application.

If you need assistance with rebuilding your credit due to slow payments, late payments, reposession, home foreclosure or bankruptcy due to divorce, loss of job or other unexpected situations we are here to help. We specialize in overcoming bad credit sutiations and allowing our customers to find the new or used car they want to buy.

Once you get approved come into our dealership, located at 525 Jake Alexander Blvd. South, Salisbury, NC 28147 or search online to browse our extensive inventory of new Honda and used cars from today's top automakers. We know you'll find a car, truck or SUV suiting your lifestyle at Gerry Wood Honda!

Feel free to contact us online, or over the phone, any time at 866-889-5015.

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Contact Information

Gerry Wood Honda

414 Jake Alexander Blvd. South

Salisbury, NC 28147
workSales:
704-637-9090
serviceService:
704-216-2669
partsParts:
704-216-2667

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.