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Financing

Car Loans In New Hampshire - Merchants Auto 
 
When you come to Merchants Auto for a used car in New Hampshire, you can be confident in choosing us to handle the financing for you. We are the largest CUDL (Credit Union Direct Lender) in New England, and have a large variety of financing options for our customers.
  
What does all this mean? Simply, our financial experts can help you get a low interest car loan in New Hampshire. We can also help you secure a loan if you have no credit history, or even if you have bad credit. So if you've hit a rough time in the past, or you're a student who has yet to build credit history, we can still help you achieve financing for your used car purchase with us.
  
Try our finance calculator for estimated monthly payments on your vehicle of choice, or have the calculator pull cars from our inventory that fit your budget. You can also apply for your car loan online. At Merchants Auto we make it easy!
  
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Financing Navigation

Contact Information

Merchants Auto

1278 Hooksett Road

Hooksett, NH 03106-6415
workSales:
800-AUTO-999
serviceService:
603-669-4100

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.