Automotive Financing FAQs
If you’re looking to finance your next car near Cody, Casper, Lander, Powell, Riverton, Rock Springs, or Sheridan, WY, then you’ve arrived in a helpful place. At Fremont Motor Companies, we offer an array of financing options for drivers throughout the Cowboy State.
On this page, you will find answers to common automotive financing questions, along with some useful resources. As you explore below, reach out with any further questions or to schedule an appointment!
Automotive Financing Tools
Complete this online to get pre-approved and speed up the financing process. |
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Use this tool to see how much your current car is worth when trading it in for your next one. |
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Compare monthly car loan estimates to quickly identify vehicles within your price range. |
What Is Automotive Financing?
Automotive financing consists of placing a down payment on a vehicle. Typically, a car loan is then taken out to cover the remaining cost and is paid off over time. Once the car loan has been paid off, you officially own the vehicle.
Our financing experts can guide you every step of the way, including helping you secure a fair payment option.
What Is Automotive Leasing?
Leasing, on the other hand, is like renting a car for an extended period. Vehicle lease terms generally last between 24 and 36 months. At the end of the leasing period, the driver can:
- Return the lease
- Exchange the lease for a new one
- Finance the lease
Should I Buy or Lease My Next Car?
Depending on a few different factors, such as your specific driving needs and preferences, as well as your long- and short-term automotive goals, buying or leasing may be a better option for you at this time. A few questions you can ask yourself include:
- Do I want to own a car?
- Do I want to drive a new car every few years?
- Do I want to customize my car?
- Do I mind having mileage restrictions?
- Do I want to trade in or sell my car in the future?
How Do I Create a Budget for My Next Car?
When it comes to creating a budget for your next car, a common range to shoot for is between 10% and 50% of your current income. Within this range, a good rule of thumb is to pay no more than 35% of your pre-tax annual income.
How Can I Improve My Credit Score Before Buying My Next Car?
The first step to improving your credit score is to verify that all the information is accurate. There are a variety of sites through which you can check your credit score for free. Moving forward, you’ll want to:
- Square away any past due payments
- Develop a plan to stay up to date with all future payments
- Keep all your credit lines open, even if you’re no longer using them
Start Your Automotive Financing Journey Today
At Fremont Motor Companies, all of us look forward to helping streamline your automotive financing journey.
Contact us today to learn more about our auto financing options near Cody, Casper, Lander, Powell, Riverton, Rock Springs, and Sheridan, WY!
Monday | 8:00AM - 6:00PM |
Tuesday | 8:00AM - 6:00PM |
Wednesday | 8:00AM - 6:00PM |
Thursday | 8:00AM - 6:00PM |
Friday | 8:00AM - 6:00PM |
Saturday | 9:00AM - 5:00PM |
Sunday | Closed |
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 - 2:00PM |
Sunday | Closed |
Service Department hours will vary by location. Please call to confirm. |
Monday | 7:30AM - 5:30PM |
Tuesday | 7:30AM - 5:30PM |
Wednesday | 7:30AM - 5:30PM |
Thursday | 8:00AM - 5:30PM |
Friday | 7:30AM - 5:30PM |
Saturday | 8:30AM - 2:00PM |
Sunday | Closed |
Parts Department hours will vary by location. Please call to confirm. |