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Finance Your Dream Vehicle at MINI of Charleston

Are you dreaming of getting behind the wheel of a stylish and fun-to-drive MINI vehicle? At MINI of Charleston, we make it easy and affordable to finance the MINI you've always wanted. Our knowledgeable finance team is here to guide you through the process and help you secure the best possible terms for your budget and lifestyle.

 

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Auto Finance Terminology

Are you looking to purchase a vehicle? Whether it's your first time or you haven't purchased one in a while, you may be unfamiliar with common terminology used in the auto industry.

Understanding auto finance terminology will help equip you for the financing process better and make it feel less overwhelming. Here is a look at five auto finance terminology terms to know about:

1. Creditworthiness: This determines an individual's ability to repay debts.

2. Cosigner: This is an additional party who assumes equal responsibility for an auto loan.

 

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Common Auto Finance Terms Explained

Here at MINI of Charleston, our finance team strives to keep auto finance as simple and accessible as possible. Once you understand the major terms, it's easier to appreciate the entire process. Take the following terms for example.

Actual Cash Value

Also called trade-in value, the ACV reflects a given dealership's official valuation of your vehicle. It may not necessarily match the value listed in KBB nor the selling price of your car on the open market. ACV only comes from a dealership, so it's helpful to obtain. It's the only amount that counts toward your…

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Should You Refinance or Trade-In Your Car?

Money gets tight, and no one would suggest that it's a bad idea to figure out how to save money. When it comes to car payments, you may be thinking about different cost-cutting options. You could refinance the car, or you could use it as a trade-in for a new model. The choice you choose depends on your circumstances.

Did you buy a car that you can't afford? If so, then refinancing might not help much. A better interest rate won't change the fact you can't afford a car that's too expensive. Maybe trading the…

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Know Finance Ins and Outs

Financing a vehicle is a big step, and we want to know that you’re well-informed about the entire process. Stop at MINI of Charleston if you’re in the market for a new or quality used car or truck. Check out the various makes and models we have on hand and get some info on our great financing options.

When you’re ready to buy your next vehicle, you may discover that financing is easier than you think, especially when you allow us to help. We’ll go over every little detail with you so you fully understand all…

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