The finance department at Barkley will find the car loan or lease option that works best for you. Our finance staff has the expertise and financial resources to get you the best rate on a car loan in Tuscaloosa and into your dream GMC, Cadillac, Pontiac or Buick. We are here to make the process of buying a new or used car as simple as possible. Work with a finance specialist at Barkley and you'll be glad you did!
Get approved for a car loan in Tuscaloosa right now by completing our secure online finance application. We will contact you as soon as one of our experts has reviewed your application.
While your waiting for credit approval take a moment to browse Barkley's online inventory and view your favorite new GMC, Cadillac, Pontiac and Buick or used car. The staff at Barkley are always available to answer your questions about purchasing a vehicle or getting a car loan in Tuscaloosa.
3575 Skyland Blvd E
Tuscaloosa, AL 35405pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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.
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.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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.
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