Loan Application Process In Highland, IN

How to Finance a Car

Financing a car is actually a pretty simple process. Once you've figured out what fits in your budget and decided on a car, you can either apply for a loan first with banks or go straight to the dealership and have them do it for you. In the former case, you do a bit more legwork but have more control; in the latter case, you might get more options because the dealer knows where to look.


When you finance a car, you borrow money from a bank to buy the car and then pay the bank back over time. You'll almost always have to pay interest, which is sometimes calculated in advance and factored into your monthly payment, so you need to be just as picky about your interest rate as you are about the car you're buying.

Loan Term

It's also important to consider the loan term. A longer loan term will have lower payments because they're spread out longer, but these can be hard to qualify for, and you'll end up paying more in interest. On the other hand, short-term loans have high payments, but you pay less overall.


If you apply for a loan directly, it's the same as applying for any other kind of loan. Try applying with a bank you've been with for a while who trusts you-you'll have a better chance of being approved there than with a stranger bank, and you can trust them too. You can also apply through the dealership, which is less work for you-but you may end up with a bank you don't know because the lender is asking everyone they can to get you a yes.

Credit Score

If you're having trouble getting approved for a loan, it may be because you have a low credit score. Credit score is determined by your credit history, and the easiest way to improve it is to make other payments on time, like mortgage and utility bill payments.

Let Us Help

If you have questions about the loan application process, give us a call at Webb Ford! We are your local dealership for new and used Ford vehicles. Stop by the dealership located at 9809 Indianapolis Boulevard in HighlandIndiana 46322.


  • Monday 9:00AM - 9:00PM
  • Tuesday 9:00AM - 9:00PM
  • Wednesday 9:00AM - 9:00PM
  • Thursday 9:00AM - 9:00PM
  • Friday 9:00AM - 9:00PM
  • Saturday 9:00AM - 7:00PM
  • Sunday Closed

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