EVERYTHING YOU NEED TO KNOW ABOUT AUTO FINANCING IN PHOENIX

At Coulter Camelback Cadillac in Phoenix, AZ, our dealership has long been held in high regard by Cadillac enthusiasts and owners in and around the Phoenix area who want the very best in Cadillac deals, sales, service, and Cadillac financing. Whether it's our incredible selection of new 2025 Cadillacs, incredible Cadillac offers, certified pre-owned Cadillacs, our numerous used vehicles, or our endless Cadillac financing deals, you'll have a sales and finance team ready and able to help you on your journey to becoming a Cadillac owner.

At Coulter Camelback Cadillac, our Cadillac finance offers are managed by a dedicated and committed team of finance experts who work tirelessly to ensure every customer has the best possible Cadillac financing. So, if you've been online looking for Cadillac financing near me, we have all your car loan questions answered.

What is auto financing, and how does it work?

This is among the more popular questions to ask at a dealership. Auto financing simply involves borrowing money from a bank, credit union, financial institution, or Cadillac financing to buy a Cadillac or other vehicle and paying it back over time with an interest rate applied. Given that very few people can afford to pay for a car in cash, a car loan - or auto financing - is a common way to buy a car where you pay a monthly amount until the loan is paid in full.

Should I finance at the dealership?

There are many benefits to financing at our dealership. First, it is often the preferred method of financing for those with lower credit ratings as the dealership financing requirements are less strict when compared to conventional bank financing. Also, with our in-house dealership financing, we can provide a longer term on your car loan, helping you to lower your monthly payments.

How do I get the best interest rates on car loans?

Getting the best interest rates on car loans ultimately comes down to having a good or great credit rating. A high credit rating attests to your ability to pay off loans on time. It shows creditors - which are banks and other financial institutions - that you can be trusted to repay the loan.

Can I still get a car loan with a fair or bad credit rating?

Yes, you can still secure Cadillac financing with fair or bad credit. However, the interest rates you pay for the car loan will be higher than if you had good or great credit.

Can I refinance a car loan if my credit rating improves?

Yes, if your credit rating improves, you may be able to work with our Cadillac financing team to get a lower interest rate on your car loan. This is important given that interest rates could fall in the near future.

Can I get approved for a car loan after declaring bankruptcy?

At Coulter Camelback Cadillac, our finance team has established relationships with numerous financial lenders in Phoenix and across Arizona. Of course, there's also our own in-house Cadillac financing solution. Therefore, if you've declared bankruptcy, then we have financing options available that can help.

Should I apply for a car loan before or after picking out a car?

It is always best to find out how much you can borrow first before choosing a Cadillac. Getting pre-approved ensures you can afford whatever monthly payments will be required to pay off the used car or Cadillac. At Coulter Camelback Cadillac, we have several certified pre-owned Cadillacs and used cars alongside an extensive selection of new 2024 and 2025 Cadillacs. We'll make sure you get the Cadillac you want at a payment you can afford.

What's a smart way to pay off a car loan early?

There are a couple of ways to pay off a car loan early. First, if you can afford it, make extra payments. This means making your required monthly payments plus an extra amount once or twice a month. Second, consider making bi-weekly payments instead of monthly payments. Over a year, bi-weekly payments will be higher than monthly, which will help you reduce the principal on the loan and help to reduce interest rates. Finally, consider refinancing when interest rates decline. 

What do I need to do or bring when getting approved for a car loan?

At Coulter Camelback Cadillac, you can get pre-approved by Cadillac financing online. You'll simply need to provide information about your name, birthdate, where you live, and what your current income is. Cadillac financing will do the rest.

If you're applying for a car loan, then banks and lending institutions will often require proof of income, a review of your credit history and rating, and other personal information such as how long you've been employed and whether you rent or own your dwelling.

Contact the Coulter Camelback Cadillac Financing Team Today

At Coulter Camelback Cadillac, we understand that not everyone has a great credit rating. We understand that sometimes you need a little help to become approved. It's in these cases that our financing team truly shines.

If you have questions about the many new and certified pre-owned Cadillacs available at our dealership or have questions about Cadillac financing offers contact us online today!.