Even though buying a new car is exciting, financing it can be tricky for even the savviest shopper. There are several factors that go into financing a new car, including your credit score, available lending options and your total down payment. Below, we've provided advice for financing a new car purchase in Burlington or Chittenden County. Continue reading if you're interested in learning more:


          1.      Figure Out How Much You Want To Borrow

Cars are a major investment, which means you'll probably need to borrow money from a lender to make your purchase. After looking up a car's sticker price, use a payment calculator to determine a monthly payment plan for yourself. Make sure you take monthly expenses like mortgages, credit card bills, student loans and utilities into account when planning your next car payment.   

          2.      Figure Out the Length of the Loan You Want

In general, most new-car loans last between five and six years, but longer ones are available in certain cases. If you choose a longer term loan, you reduce your monthly payments. However, you end up paying more in interest over time.

In shorter loan periods, monthly payments are higher but come with a lower total. This will be determined by your monthly budget and long term financial plans.   

          3.      Stay Within Your Budget

When you decide on a vehicle, try not to overextend yourself financially. Make sure you take your monthly auto loan payment, down payment, operating expenses, gas, maintenance and cost of insurance into consideration when you choose your payment plan.

          4.      Keep Extra Expenses in Mind

Between fuel, maintenance and insurance costs, cars are expensive to operate. Don't forget to calculate these extra expenses when figuring out a long term payment plan.

          5.      Know Your Credit Score

Make sure you have a copy of your credit score for extra leverage during negotiations. This is an essential component to figuring out the best interest rate on your car loan, and will avoid any unpleasant surprises while you're at a dealership in Burlington or Chittenden County. You should also be prepared to have financers search your credit history.

          6.      Figure Out Your Down Payment

Most car dealerships require a down payment before you drive off their lot. Figure out how much you can pay at the dealership without overextending yourself in the long run.

Learn More at Goss Dodge Chrysler

When you buy a new car, you have to do a lot of homework to figure out the best financing plan. Goss Dodge Chrysler offers several tools to help you figure out your best course of action.

Before you speak with a lender, use our payment estimator to figure out your monthly budget, or contact Goss Dodge Chrysler in South Burlington at 877-399-5206 for more information.


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Goss Dodge Chrysler Ram Jeep FIAT

1485 Shelburne Rd
Directions South Burlington, VT 05403-7714

  • Sales: 877-666-5175
  • Service: (802) 448-8747
  • Parts: (877) 827-5835


  • Monday 08:00AM - 07:00PM
  • Tuesday 08:00AM - 07:00PM
  • Wednesday 08:00AM - 07:00PM
  • Thursday 08:00AM - 07:00PM
  • Friday 08:00AM - 06:00PM
  • Saturday 08:00AM - 05:00PM
  • Sunday Closed
See All Department Hours

Dealership Hours

  • Monday 08:00AM - 07:00PM
  • Tuesday 08:00AM - 07:00PM
  • Wednesday 08:00AM - 07:00PM
  • Thursday 08:00AM - 07:00PM
  • Friday 08:00AM - 06:00PM
  • Saturday 08:00AM - 05:00PM
  • Sunday Closed

Parts Dept. Hours

  • Monday 7:30am-5:30pm
  • Tuesday 7:30am-5:30pm
  • Wednesday 7:30am-5:30pm
  • Thursday 7:30am-5:30pm
  • Friday 7:30am-5:30pm
  • Saturday 8:00am-5:00pm
  • Sunday Closed

Service Dept. Hours

  • Monday 07:30AM - 05:30PM
  • Tuesday 07:30AM - 05:30PM
  • Wednesday 07:30AM - 05:30PM
  • Thursday 07:30AM - 05:30PM
  • Friday 07:30AM - 05:30PM
  • Saturday 08:00AM - 05:00PM
  • Sunday Closed