Auto Financing FAQs

What’s the Difference Between Financing and Leasing?

The two most popular ways to get a new or used vehicle are financing and leasing. While there are distinct advantages to both methods, what it really boils down to are the wants and needs of the shopper.

When you finance a vehicle, you are essentially taking out a loan to purchase the vehicle. You will then repay the loan to the finance company or credit union over an agreed-upon amount of time.

By leasing a vehicle, you are essentially paying a monthly fee to rent the vehicle for a few years. At the end of the lease term, you simply return the vehicle and walk away, or take out another lease.

For answers to common questions about auto finance and car leasing, continue reading. Then, make it a point to stop by your preferred Lupient Automotive Group dealership in Minnesota or Wisconsin today.

What Are the Advantages of Leasing?

For many drivers, the idea of having a car temporarily fits well with their budget and needs for a vehicle. Consider just some of the advantages to a car lease:

• Lower monthly payments than financing
• The ability to drive a different new car every few years

So, what happens if you grow attached to your leased car? We’re not ones to stand in the way of love at the Lupient Automotive Group. We are happy to discuss purchasing options with you.

For more information about car leasing, visit our dealership group locations in Golden Valley, Minneapolis, Bloomington, and Brooklyn Park in Minnesota, as well as Waukesha and Glendale in Wisconsin.

How Can I Finance a Car?

Financing a car typically involves paying for it with a loan from a lending agency or bank. The loan amount, plus interest, is then repaid over a certain number of years. At the Lupient Automotive Group, we capitalize on established relationships with lending entities to help secure you the lowest interest rate possible.

If you have your heart set on a particular vehicle you want to take along for the long haul, a financing deal could be a really good idea. After all, at the end of the loan term, it’s yours to keep, re-sell, or pass down to your kids.

To learn more about financing options or how to apply for an auto loan, visit a Lupient Automotive Group location and talk with one of our friendly associates.

Can a Used Car Be Financed?

Yes, a used car can be financed. Many times, those in the market for a vehicle would like it for a long duration, but may not have an interest in or a high enough credit score for something new. The beauty of financing a used car is that you’re getting something new to you, but at a fraction of a new car’s price.

If new isn’t for you, the Lupient Automotive Group still is. To learn more about the value of financing a used car, take a test-drive, or just drop by for a visit, visit your preferred car dealership group in Minnesota or Wisconsin.

How Can the Lupient Automotive Group Help Me?

If nothing else, the Lupient Automotive Group has given you some insight into the perks of car loans and car leases. But, as the premier auto group in the Minneapolis and Milwaukee areas, the Lupient Automotive Group features an extensive inventory of new and used vehicles from a variety of makes and models. In addition, our financing staff will go above and beyond to find you the lowest interest rate for a car loan, or we’ll work with your budget to find a car lease with low monthly payments.

Time for routine maintenance? Need serious collision repair? No need to look all over town when the Lupient Automotive Group features highly skilled and certified technicians at each of our locations. We also have two Collision Centers for your convenience. From routine oil changes to major body or engine repair, count on the well-oiled machine that is the Lupient Automotive Group.

Don’t hope for the best automotive experience, expect it. With over 50 years of business, count on the Lupient Automotive Group for all of your vehicle needs.