Auto Finance FAQ


Frequently Asked Finance Questions
Get Your Answers Now.

If you’re in the market for a new or used car and you’re not sure how auto financing works, turn to Goode Motor Auto Group. Our expert auto finance teams are here to walk you through the entire financing process, whether you’re shopping for a used Ford Explorer, new Volkswagen Jetta or another vehicle entirely. Check out these top auto finance FAQs then visit one of our car dealerships near Twin Falls, ID, to value your trade-in, discuss competitive auto loan rates and more.

Can I get auto financing with bad credit?

Here at Goode Motor Auto Group, we strive for 100% credit approval. That means you can get auto financing even if you have poor credit or no credit. We have bad credit auto loans that can help you rebuild your credit as you cruise through Idaho in a new-to-you Volkswagen, Mazda or Ford.

Can I trade in my current car as a down payment?

We’ll always accept your trade-in if you’d like to put its value toward the down payment on the Ford F-150, Volkswagen Tiguan or any other model you’re eyeing. Value your trade-in to find out approximately how much it’s worth then bring it to one of our car dealerships near Burley, ID, for an official appraisal.

Can an auto loan help my credit?

Yes, getting a car loan can help you build or improve your credit. We offer auto financing for first-time buyers and subprime auto loans near Twin Falls, ID. If you make all your car loan payments on time, your credit score will go up.

How do I apply for an auto loan?

It’s easy to apply for an auto loan online. If you have any questions while you’re filling out the auto finance application, don’t hesitate to reach out to a team member at one of our car dealerships near Hailey, ID.

Can I get approved for an auto loan before I pick out a car?

You can apply for auto financing and be approved for an auto loan before you choose which new Ford, used Volkswagen or pre-owned Mazda you want to buy. With our online auto finance application, you just need to note if you’d like a new or used vehicle and which of our Idaho car dealerships you’re shopping at.

What is a simple loan?

With a simple interest loan, interest accrues daily based on the outstanding loan balance, from the date the interest charges begin until the loan is paid off.

How can I estimate my monthly car payments?

If you’d like to get an idea of how much you’ll pay per month with your auto loan, check out our car payment calculator. Simply enter the price of the vehicle you want to finance, the trade-in value of your current car and the loan’s estimated interest rate.

Can I pay my car loan off early?

Yes! You can always make payments greater than your required monthly payment. This will let you pay your vehicle off quicker, which can help you save on interest costs.