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Why Finance at Lincoln of Mt. Vernon?

When you're looking to finance a new or used Lincoln in Illinois, you may have questions about how the auto financing process works. The good news is, we have a team of Lincoln finance experts who are standing by to answer your questions! At our Lincoln dealership near Marion, we want to ensure that we pair you with a new Lincoln SUV or used car loan that fits into your budget.

Check out our auto financing FAQs in advance, and if your question isn't answered here, don't hesitate to reach out to us. We'll be happy to speak with you and make the car-buying process as simple as possible. Meet with the Lincoln of Mt. Vernon finance team today!

Auto Financing FAQs


What are current interest rates to buy a car?

Even though interest rates have gone up recently, our local Lincoln dealership is still committed to finding the best financing package for you. We partner with a variety of local lenders and can provide you with competitive auto loan terms.


How do I get a good interest rate?

No matter what your financial situation is, our team will do its best to find a financing package that works for you. There are many factors that determine interest rates, such as the term of the loan, your credit score, debt-to-income ratio, money down payment amount, age of the vehicle and total loan amount. We strive to work with our lenders to provide you with a competitive package that fits within your budget.


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

While it is not necessary to put any money down when financing a car, it can help make your monthly payments more manageable and reduce the overall interest you need to pay. Many of our customers opt for no down payment when purchasing their vehicle.


Does my credit score impact my loan rate?

Yes, your credit score impacts your interest rate.


Can I finance a car with a low credit score?

We work with dozens of lenders and can usually find a loan rate for all credit situations, regardless of your credit score.


Can I reduce my monthly car payments down the road?

Yes. At Lincoln of Mt. Vernon, you can refinance your car loan down the line and reduce your monthly car payments.


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

Yes, you can still sell your car while it is being paid off. However, you are still responsible for paying off the remaining balance of the loan.


Can I add a warranty when I buy a car?

Yes, we have a selection of Lincoln service contracts, Lincoln warranty plans and other vehicle protection plans that can be tailored to our customers' needs.