Choosing a Certified Pre-Owned Acura model is an excellent way to get behind the wheel of a high-quality luxury car at an exceptional value. Part of that value is the interest rate, which is a primary criterion in determining Acura CPO finance rates. As with many things related to automotive financing, there are many factors working together to establish the rate you qualify for, and here at Acura of Sherman Oaks, our finance team would like to provide some clarity.
Your Credit Score and History
The most significant factors impacting finance rates for CPO cars and non-CPO cars alike are your credit score and your credit history. A higher credit score is a sign that you have a consistent record of responsible borrowing, which typically qualifies you for the best interest rates. Keeping up with your credit payments is the best way to receive a favorable financing rate.
The Down Payment and Loan Term
The structure of your Acura Certified Pre-Owned loan also plays a role in the financing terms. Opting for a shorter loan term, around 48 to 60 months, typically results in a lower financing rate than a longer loan term. Likewise, making a large down payment reduces the total amount you need to finance, which lowers the lender’s risk and can help you get a more favorable interest rate.
Trusted Acura Financing in Sherman Oaks, CA
Another advantage of financing an Acura Certified Pre-Owned model through Acura of Sherman Oaks is that the automaker sometimes offers special promotional offers with lower APRs. Our team of finance experts is ready to help match you with a financing plan right for your individual credit situation. Visit Acura of Sherman Oaks today to explore our Acura Certified Pre-Owned inventory and start your financing journey!
