Car Financing FAQs

APR is the interest rate attributed annually on the unpaid balance of your auto loan.

There are several variables associated with defining APR rates. One variable is current economic bank rates, another is credit history, a third is your down payment on the auto loan, a fourth is the quantity you decide to finance, as well as the type of car you're financing and the length of your financing contract.

Fixed Rate Financing is where the finance rate stays the exact same over the life of the auto loan, making your payments the same over the lifetime of your loan.

Variable Rate Financing is when the finance rate changes dependant upon market trends, making the number you pay over the duration of the loan fluctuate relative to market bank rates.

The Wholesale rate signifies the rate at which the assignee purchases a retail installment sale contract from Jon Hall Chevrolet.

The assignee is the bank that purchases your auto loan from Jon Hall Chevrolet.