Auto Financing Expertise from Ken Pollock Alfa Romeo

Happy man holding car keys

Auto Financing Expertise
from Ken Pollock Alfa Romeo

If you need auto financial advice and tips, rest assured that you’re not alone. Even the most seasoned Pennsylvania car buyers need help from the experts, which is why our Alfa Romeo dealership near Old Forge is excited to offer the knowledge of two of our esteemed team members.

Jeri Joyce is a Finance Manager at Ken Pollock Alfa Romeo with over 30 years of automotive finance experience, while Ken Pollock, Jr. is a General Manager with 10 years of experience in the automotive business.

Together, they’ve put together a list of some car financing questions and answers to help local Alfa Romeo clients in their search for their next vehicle.

Auto Financing FAQs


What are current interest rates to buy a car?

Even with all the news that suggests the contrary, current rates are competitive. Interest rates will be determined by the individual's credit profile and the vehicle that they are purchasing. Ken Pollock Alfa Romeo has rates as low as 2.99% on select inventory.


How do I get a good interest rate?

The best way to secure the best interest rate for a vehicle is to look at your personal finances and see how much money you’ll be able to put down toward the purchase. Auto lenders are currently looking for between 20%-30% of the purchase price as money down, which enables them to extend their best offers.

You’ll also want to check the value of your trade if you have one, making sure that its value is more than what you currently owe on the vehicle. If you have negative equity, you should attempt to cover that balance with additional money down.


How much of a down payment do I need to finance a car?

We recommend you put between 20%-30% of the purchase price to receive the best offer.


What additional costs will I be responsible for when buying a new car?

Ken Pollock Alfa Romeo will never surprise you with any hidden fees. You will be responsible for any applicable state fees, as well as any taxes and document fees.


How can I find the value of my trade-in?

Ken Pollock Alfa Romeo is a Kelley Blue Book® Instant Cash Offer dealership. Just head to our website and find the KBB® Instant Cash Offer page to get the competitive value you deserve. You can always stop in and get an obligation-free vehicle appraisal as well. We are located at 290 Mundy St. in Wilkes-Barre.


Does my credit score impact my loan rate?

Your credit score will be one of the many things that lenders consider when extending credit. Ken Pollock Alfa Romeo will match you with the correct lenders based on these factors.


I have a low credit score -- can I still finance a car?

Ken Pollock Alfa Romeo has an outlet for all credit types. We would love to help you restore your credit by securing you an auto loan.


I don’t have a credit history yet -- can I still finance a car?

Customers with limited credit profiles can secure financing for a vehicle. If you’re a first-time buyer, you should consider a couple of things before coming in. Start by checking with friends and family to see if you have someone with established credit that will cosign for you. Also, you should assess your financial situation to see how much money you can put down toward the loan.


What’s the best length for a car loan?

Ken Pollock Alfa Romeo has terms from 36-84 months available. The length of your loan will all depend on your monthly payment goal and what you are personally comfortable with. In some cases, the age of the vehicle you are looking to finance might impact how long of a term you can secure.


Can you offer a better interest rate than my pre-approved rate?

Absolutely! We have many finance outlets available for all types of customers and vehicles, providing us the ability to meet or beat almost any rate you bring in.


Can I sell my car while I’m still paying it off?

Ken Pollock Alfa Romeo can always provide you a no-obligation used car appraisal, no matter what you owe on the current loan or when you bought it. We will get you an updated 15-day payoff estimate on your current vehicle and apply a purchase or trade number to it.


Can I add a warranty when I buy a car?

Ken Pollock Alfa Romeo has a full menu of vehicle protection products that we can offer customers. We aim to identify areas of need on each vehicle purchase to keep the important components in our customers’ vehicles under protection. With the complicated systems in today’s vehicles, having warranty coverage is more important than ever.


Is it better to finance a car through the dealership or credit union?

Ken Pollock Alfa Romeo has extensive relationships with many lenders. We work with credit unions, and both prime and subprime lenders. Our direct lending relationships work in the favor of customers by securing them better rates than they’d be able to get on their own.

We match or beat almost all credit union rates that are brought to us. Not satisfied with what your local credit union has extended to you? Contact Ken Pollock Alfa Romeo and come in today to see what we can do for you.

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