This site was designed for the latest version of Chrome, Firefox, Safari, and Internet Explorer (version 10+). Some features may not work correctly in your browser. OK

Things to Know About Financing | Lubbock, TX

Things to Know About Financing | Lubbock, TX

Ask a Question!

The car-buying process is packed with important decisions to make. But one of the most significant choices you’ll make is how you’re going to pay for your vehicle. For most drivers, this involves some type of financing — borrowing some or all of the money required to pay for your next vehicle and paying it back over time.

For many drivers, the prospect of securing the best financing option can be daunting. But, with a little bit of planning and preparation, understanding financing is much simpler than many expect. Here are some key things to know about financing when shopping at Pollard Used Cars.


Buying vs Leasing

Depending on your circumstances and preferences, you might decide to choose between buying or leasing. While both are great options, it’s important to understand some of their key differences.

When you buy a vehicle, you’ll own it outright once the total loan amount is paid off. One of the benefits of buying your vehicle is that you retain its total value as equity once it is paid off.

Alternatively, leasing is an agreement to pay for the use of a car for a set amount of time. Since you don’t pay for the total cost of the vehicle when you lease, leasing usually comes with lower monthly payments, making it a great option when saving money in the short-term is a priority.

Credit and How it Affects Financing

Your credit score is a number used by lending institutions to determine the amount of risk involved in issuing a specific loan; the higher your credit score, the more likely a lender is to issue a loan. Additionally, a higher credit score typically results in more favorable financing terms such as lower monthly payments as the result of decreased interest.

Bank vs Dealership

Finally, you have options when it comes to where you will secure a loan. While you can usually go through your bank to get a loan, there are many benefits to going through the dealership.

At Pollard Used Cars, our expert finance team is equipped with the resources and training you need to ensure your best financing option possible.
Was this page helpful? Read tons of other great articles over on our blog!  
4101 Avenue Q

Pollard Used Cars


  • Monday
    9:00am - 8:00pm
  • Tuesday
    9:00am - 8:00pm
  • Wednesday
    9:00am - 8:00pm
  • Thursday
    9:00am - 8:00pm
  • Friday
    9:00am - 8:00pm
  • Saturday
    9:00am - 8:00pm
  • Sunday

Contact Information

4101 Avenue Q
Lubbock, TX 79412
Phone: (866) 239-3735
- + Disclaimers