A Better Rate Awaits

Need help paying for your new wheels?
We work with more than 15 lenders to get you excellent financing rates.
Find your next car

An Extensive Financing Network.

We know price is important when buying a car, but so is the cost of financing. Carcela wants to make sure you get as good of a deal on your interest rate as you do on your new ride. We work with a panel of 18 trusted lenders, that offer access to more than 60 finance products. Our partner Zuto, help you find the best finance deal, choose the right product and manage your application process.

Car Financing 101.

The following factors affect the type of financing terms you may receive. Make sure to read up so you are better informed to make smart decisions about your financial future.

A Credit Score is the metric most lenders use to determine your financial risk. The better your credit score on your credit report, the better the rate you are going to get. Don’t know your credit score? Get your free credit scores from one of these credit reporting agencies: Noddle | Experian
The debt-to-income ratio helps lenders anticipate whether you will feasibly be able to pay off your loan in a timely fashion, by understanding how much of your regular income goes to existing debt.
The larger a down payment you can make, the more favorable the terms you will be offered. So if you can afford it, you are better off putting down a larger down payment than a smaller one.
The age and the quality of the vehicle affects the terms of loans as well. Carcela’s selectivity in vehicle conditions including the exceptional conditioning standards is a known advantage with the lenders we partner with. Here’s the simple logic of why this matters. In the event of a default, the lender can repossess the vehicle and be able to effectively recoup losses with a high quality vehicle.
The length of the loan indicates to lenders how long they have to put up with the risk. The shorter the length of the loan, the less risk they will take which means the more favorable the terms will be. It will be in your favor if you can afford a larger payment a month with a shorter term (length of the loan).