How to Get the Best Used Car Loan Rates in Detroit, MI
Are you in search of methods to help you get a car loan rate that best works with your budget? Then allow us at Legend Motors to help you! We’re eager to assist the residents of Detroit, so don’t wait to give us a call if you have any more questions by the end.
Credit Score
As you may already know, your credit score is a large factor in determining your eligibility for certain types of agreements. While the definition of a viable credit score for obtaining a vehicle can vary depending on the type of car you are going for, it’s recommended that you have around a 600 FICO rating. If yours is less than this, there’s no need to fret, as there are multiple ways of bringing this up. By ensuring you pay your debts on time, you can quickly increase this rating. Furthermore, you can continue raising it through your financing agreement. This will allow you to attain better deals in the future if you ever plan on trading in your current vehicle for a new one.
Down Payment
Whenever you obtain a purchasing contract from our Finance Department, you will negotiate a set rate that you will pay each month to finish affording the remainder of the car’s value. Much of the time, you will be required to make a down payment to show your commitment to the deal. However, this is also an opportunity to reduce the amount you must pay each month. By providing a larger initial installment through the down payment, you bring down the sticker price. This means smaller future payments, giving you a rate that you may find more compatible with your current lifestyle. This will allow you to sooner drive to Lincoln Street Art Park in a vehicle you fully own.
Agreement Term
A majority of financing contracts last for around four to seven years, with these often varying based on how much you are looking to pay each month. Those who want to make smaller payments will generally receive longer agreements, while the inverse will result in shorter ones. Because of this, you’ll want to take this into consideration when negotiating the terms of your agreement. You can find a healthy mix between the two to find something that works for you, giving you peace of mind as you cruise along I-94. You can learn more about this when you speak with our team at one of our Legend Motors locations!
Learn How We Can Help You Find a Good Deal Despite Poor Credit!
Dealership Information
Testimonials
“ Gigi and the whole team is beyond lovely 🥰 they worked very hard to make sure I got exactly what I wanted! Thank you guys! ”
“ Gigi did a great job helping my friend buy a car. We appreciated her friendliness, no-pressure conversation, and help with the process. ”
“ Bought my granddaughter a car from here. Excellent service! Salesperson GiGi is a delight 😊 I'll definitely be back. ”
“ Excellent service. Bought a great car for a great price. Brendan and Jason were wonderful and very professional. ”
“ Jason did his thang and hooked me up with this beauty. I’m so grateful for all the work Ceasar did over this weekend to get me rolling 💙 ”
“ Fire Employee 🔥🔥 ”
“ I had an amazing experience with Ronny at Legend Auto! He was extremely helpful, patient, and made the whole process of purchasing my first vehicle smooth and stress-free. I never felt pressured, and he took the time to answer all my questions and make sure I was comfortable with my decision. I ended up getting a 2018 Hyundai Sonata and I absolutely love it! If you’re looking for someone who genuinely cares and goes the extra mile, I highly recommend asking for Ronny. Thank you again for making this such a great first car-buying experience! ”
“ I never leave reviews but if you are looking for a new vehicle this is the place to go. I have financed two cars with them. Both were in amazing condition. The owners are great and they have multiple locations. J and Jewels really looked out for me. ”
“ Cortez hooks it up for me every time. Best sales person they have here, fast service, lots of financing options and a great selection of trucks. Been doing business with them for years. ”
“ I had an amazing experience from start to finish. Jason in the finance department was fantastic—everything went smoothly, “I’m so happy with my new car I love it already! Thanks again for making everything easy.” and if you’re looking for a car, definitely go see Jason.” ”
“ Thomas was a wonderful help he help so much ”
“ Costumer service is amazing. They take their time and are patient. Ceaser and his wife Gigi are the the best. ”
“ Ceasar Miller, the sale representative at the Ferndale location IS the go to person for buying a car. He has been so helpful with us on getting approved with a good bank, really great monthly payments, this guy is a HERO!!! God bless ceasar for being amazing and truly kind. We will most definitely recommend legend motors and recommend him!!! ”
“ Excellent service great customer experience! If you need a new car, go to legend motors. ”
“ I had a wonderful and great experience Ronny did me right ”
“ Legend Motors put me together! Ask 4 Alvin for a great deal! When no one else could get me in something he could I’m happy with what he gotta me approved for Do not sleep on this place, they are the real deal. They try their best to have u drive off happy !!!! ”
“ Alvin help us get a new car he was great with everything helping us find the best prices for our price range great communication great service we left with a car the same day I definitely recommend coming in to him if you looking to purchase a new car ”
“ I'm back at legend motors and upgrading my vehicle! Alvin & Cortez always make it happen. These guys are on their A game and they get results! ”
“ We just had an amazing experience with Alvin at the Ferndale Legend Motors. He got us a very low interest rate and held the car till we arrived without hesitation. It was a no pressure experience and I've never been more comfortable making a purchase of this size. He was knowledgeable and worked with us while explaining the process during our time there. We will be back for our next car too. ”
“ Go see Alvin for real results. No messing around and confusion. He is a strait shooter and gets you in a car same day! Too smooth with it! ”
“ I just purchased a 2019 Mazda CX5 from Legend Motors in Ferndale, Mi (8 mile near Wyoming). Shopping for a used car can be a pain but Alvin Shammas made it pretty painless. Unlike the 2 other dealerships I visited, Alvin was a no-pressure salesman. He brought the car to my home so I could drive it and was very above board on what I was likely to get for my trade-in. He also worked to Make the prep of my new Mazda go smoothly. ”
“ Alvin found me a bank to work with my budget. Not only was he responsive but was able to break down the process on how financing works. Everybody I went to previously did not only put me on the back burner, but they also wanted too much for a down payment. Ask for Alvin for a honest and proper deal. ”
“ Alvin made it happen for us today! I have been searching for months for an honest and reliable car dealership. Ask for Alvin and he will take care of you like family. ”
“ Alvin is the best! We chat this morning and he had me approved less than an hour later ! The best in the west! ”
“ Ronny did an outstanding job helping me today!! 5 Stars🤝🤝 ”
“ Ronny is the best hands Dowb ”
“ I’m so happy I made the decision coming here ! I got a car for reasonable price , low mileage and this all thanks to Alvin ! I found them on google and I’m so happy I did ! I would definitely recommend anyone to them because you will definitely find exactly what your looking for NOTHING LESS !!! ”
“ I went through 3 other dealerships and couldn’t get approved legend motors was the only one able to get me into a nice car ask for Alvin he’s good at what he does ”
“ Ceaser was very helpful and made everything work for me . Thank you again ”
“ Ronny made it a pleasant easy experience. Thank you so much ”
“ Great sales dept. Finance ppl are super nice and helpful. Got the Ford Edge I wanted and I’m happy. Thanks!! ”
“ When no one else can, Alvin will! Go see legend motors for your next car and ask for Alvin! ”
“ Ronny was a great help !!!! ”
“ I had a great experience working with Ronny at the dealership. He was transparent, helpful, and very patient throughout the entire process. He took the time to answer all my questions and made sure I understood everything without any pressure. I really appreciated his honesty and professionalism. If you’re looking for someone who genuinely wants to help you find the right vehicle, I definitely recommend asking for Ronny! ”
“ Pops gave me such a great deal on a vehicle. If anything goes wrong with your purchase...see Mike: he's the mechanic of all mechanics. ”