Frequently Asked Questions

Four main factors determine whether you get approved for a car loan:

1. Vehicle selection—Cost, age, and mileage
2. Application information—Employment history, residence, and income
3. Credit history—Information contained in your credit file
4. Down payment—total of cash and trade equity

On approval, three factors will affect your monthly payment (in order of importance)

1. Amount financed
2. Term or length of contract
3. Annual Percentage Rate (APR)

We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go RV + Marine dealership.

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment.

For example, if you make $2,000 a month you should spend no more than $300 on your car payment. Monthly payments normally range from $20 - $25 per $1,000 financed.

Your credit score helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if you will pay your bills.

The higher your credit score, the greater your chance of receiving a better financing offer from Go RV + Marine.

Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the lower the risk. The systems that generate your credit score look at your credit report and take several factors into account including:

• The timeliness of your payments, including late payments
• The amount and type of debt you have
• The number and age of your credit accounts
• Inquiries created by applying for credit
• Public records such as liens and judgments

Do you prefer to drive a new vehicle very few years that will always be under warranty? That's one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.

There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call 1-888-349-4507 or any Go RV + Marine dealership to schedule a free consultation.

Many Go RV + Marine customers qualify for financing on their first vehicle purchase.

If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.

Stipulations for college students vary by finance company. Check with a finance professional at any of our Go RV + Marine dealerships for more information.