Labadie Buick GMC: Ask a Finance Expert FAQ

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Labadie Buick GMC:
Ask a Finance Expert FAQ

If you're in the market for a new Buick SUV or GMC model, it's important to check out all your financing options. TJ Horner, the Executive Manager at Labadie Auto Company, is an expert when it comes to auto financing and can provide excellent advice.

Learn more about auto financing, car loan interest rates and no-credit car loans when you visit our Buick and GMC dealership near Saginaw. We're here to help you finance a new Buick Enclave or drive home in a GMC Sierra 1500 truck in Michigan.

View our FAQs below to get a head-start on the car-buying and auto-financing process.

Buick & GMC Financing FAQs


How much of a down payment do I need to finance a car?

To buy a new or used vehicle at Labadie Buick GMC, it may not be necessary to put any money down if you're financing. Your lender may require you to put a certain percentage down; 10% is a common amount to put down. This will decrease the amount of interest you pay and lower your monthly payments.


What additional costs will I be responsible for when buying a new car?

Any new car financed will have tax, title and documentation fees. These fees are controlled by the state and have minimums that are required by law to charge.


How can I find the value of my trade-in?

We have tools on our website to estimate your trade-in value. For the most accurate assessment, we recommend scheduling a used car appraisal at our local GMC service center.


Does my credit score impact my loan rate?

Yes. Financing institutions look at credit to determine your financing rate. If you have a low credit score or no credit, not to worry, as we work with all types of credit.


I have a low credit score -- can I still finance a car?

Yes! Labadie Auto Co. works with over 30 lenders to be able to provide as many people the opportunity to finance as possible. We work with all types of credit and are happy to assist you.


I don’t have a credit history yet -- can I still finance a car?

Yes, you can! If you are a recent college graduate, we have programs for first-time car-buyers. You can have a cosigner (someone that can back you up financially), or we can assist you using one of our many lenders that work with all types of credit.


What’s the best length for a car loan?

The ideal length of a car loan is what works best for your budget. The shorter you pay on a vehicle, usually the less interest you pay and the faster you are free of a car payment. However, paying for a car in cash or financing for 36 months isn’t an option for everyone, which is why we offer multiple term options to ensure you are able to get the car you want at a payment plan that works for you.


Can I reduce my monthly car payments down the road?

Absolutely. Through our trade-in program, we are constantly looking at the equity you have in your vehicle. If you want to look into a new GMC down the road, we can see if we can beat your current payment through new incentivized rates and your vehicle’s equity to get you into a new vehicle at a lower payment. You also have the option to refinance, which can sometimes lower payments.


Can I sell my car while I’m still paying it off?

Of course! Keep in mind, however, you are still responsible for the amount you owe on your vehicle. For example, if you owe $10,000 on your car and you sell it for $8,500, you are still responsible for the remaining $1,500 in payments.


Can I add a warranty when I buy a car?

Yes, and we think it is a great idea to do so. We have many offerings, from full warranty coverage to powertrain and even prepaid service. With how complex features are getting, like Apple CarPlay® and Lane Keep Assist, it’s no wonder that the cost to fix those features can be expensive. With an extended warranty, you can have peace of mind that your car is covered.

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