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Financing


Car Loan Virginia Beach - Lynnhaven Lincoln Mercury Kia

Lynnhaven Lincoln Mercury can help Virginia Beach and Virginia residents get a competitive rate on a loan for a new Lincoln Mercury Kia car, or used car, in Norfolk, even with bad credit issues! We work with multiple lending institutions across the state to ensure we get the best possible rates for our customers, all the while making the process as easy and quick as possible.

Financing a used or new car in Virginia Beach doesn't have to be a hassle; Lynnhaven Lincoln Mercury Kia of Virginia Beach is here to help you through the process of securing a great rate on a car loan! Fill out a car loan application and check out our financing specials. To proceed from the comfort of you own home, use our finance calculator to determine your budget, and we'll set you up with cars that are perfect for you! Get pre-approved in seconds today at Lynnhaven in Virginia Beach!

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Contact Information

Lynnhaven Lincoln Mercury Kia

2375 Virginia Beach Blvd.

Virginia Beach, VA 23454
workSales:
(888) 642-4559
serviceService:
(757) 340-0800

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.