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Financing

Dallas Car Loan/Special Financing

Most People need a car loan to finance their New or Preowned Car Purchase.  The Finance Experts at Frank Parra Chevrolet help people with all types of credit situations...good and bad credit.  Frank Parra Chevrolet works with only trusted lenders to bring you low rates and flexible terms. 

Gary White is Frank Parra Chevrolet's Special Finance Director.  He is a 23 year Automotive Veteran.  He has worked in the Dallas/Ft Worth/Irving area as an Auto Loan Specialist for 20 years.  He has the experience and knowledge to help you obtain a Car Loan.  Have you been turned down by other Dallas Car Dealers?  Gary can help, with over 20 lenders he will obtain the best available terms for you.  Contact Frank Parra today and find your New or PreOwned Vehicle...Gary will handle the rest! 

Credit Challenges? We can help!  At Frank Parra Autoplex, we understand that bad things happen to good people.  Contact a Finance Specialist at
(800) 743-1289 with any questions.  Remember...
Parra People and Parra Prices Make The Difference!

For New or Used Car Loan Questions Call: 800-743-1289

Get a Free Dallas Car Loan Quote- Good and Bad Credit Accepted! Regardless of where you are in the car buying process, request a free, secure auto loan quote. Frank Parra Chevrolet works with only trusted lenders to bring you low rates and flexible terms. Use this easy guaranteed secure auto loan application and get started with buying a car today!

Lease vs. Buy

Whether you lease or buy a new car, you must know which fits your situation best. When you buy a car, you pay for the whole vehicle. You will usually make a down payment, pay the sales taxes in cash or roll these taxes into your auto loan and pay an interest rate. You usually will make your first payment a month after you sign your contract. This option is great if you like to keep your cars for a long period of time and have a need to put unlimited miles on the vehicle.

When you lease, you are paying only for what you use. You do not have to have money to put down, you typically only pay sales tax on your monthly payments, and are charged with a money factor that is similar to the interest rate on a loan. You make your first payment at the time you sign your contract.

Learn from our trained finance staff about financing your next vehicle.

We are ready to make your auto buying experience a stress free one. Our staff, online or onsite, is ready to help you!
Contact Information

Contact Information

Frank Parra Chevrolet

1000 E. Airport Freeway

Irving, TX 75062
workSales:
800-743-1289
serviceService:
800-742-3616
partsParts:
800-742-2634

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.