Apply for Financing

 

Apply for Financing at Genesis of Lexington

Finding your dream car is the fun part, but we know working through the purchase process can be a bit tedious. Thankfully for you and the rest of our Georgetown drivers, that process can become a little bit easier. By using our simple Genesis auto finance application, you can get ahead of the game and start the purchase process from the comfort of your Lexington home.

Now that you’ve reviewed our Genesis financing offers, you’re ready to take the next step in your used car financing journey. Contact us today to get started and let us help you find the vehicle of your dreams.

Genesis Loans: Key Vehicle Loan Terms

As you search for the right Genesis loans for your budget, you should educate yourself on the various terms you might come across. Our team at Genesis of Lexington works hard to provide you with complete transparency. That’s why we’ve put together this glossary of important concepts related to Genesis loans and financing offers. Let’s take a closer look:

  • Interest: When you take out a loan, an additional percentage of your monthly payment is paid to the lender as a fee for providing you with the loan.
  • Down Payment: When you borrow money, you’re usually required to put down a certain amount toward the principal of the loan as a show of commitment.
  • Loan Principal: This is the value of the loan, excluding interest.
  • Loan Term: This refers to the length of the loan. Remember that a longer loan features smaller monthly payments and greater total interest, while a shorter loan features larger monthly payments with less total interest.
  • APR: This refers to the annual percentage rate, or the annual fixed interest rate you’ll be required to pay for your loan.
  • Trade-in Value: You can use the value of your current vehicle as a down payment toward the principal of the loan for your next vehicle. This can substantially lower your monthly payment. To find out what your current vehicle is worth, use our trade-in value calculator.
  • Lease: When you lease a vehicle, you get temporary but exclusive access for the duration of the lease. This means you only pay for associated fees, interest, and the depreciation that occurs over the lease term. Leasing is often more affordable than financing on a month-to-month basis, while used car financing allows you to build equity.

Work With Our Genesis Auto Finance Team in Lexington

We understand that used car financing can be overwhelming, but we’re here to help simplify it so you can get back to doing what you love in Frankfort and Richmond. Our Genesis auto finance center is ready to walk you through the process of securing a workable loan or leasing plan for your next car purchase. If you’re still looking for the right model, be sure to explore our new vehicle specials and Genesis financing offers.