Start with the vehicle and written total
Save the vehicle’s stock number or listing link. Ask for an itemized purchase total and check the vehicle price, taxes, title or registration charges, processing fee and any optional products. Keep the cash purchase total and the cost of financing distinct when comparing offers.
Ask what information your file needs
Before the appointment, ask the dealership which identification, income, residence, insurance or trade-in information is needed for your file. Requirements depend on the transaction and lender. For an existing vehicle loan, ask how current payoff information should be provided. Use the secure application for sensitive details rather than placing them in a general message.
Compare more than the monthly payment
For each written loan offer, compare the amount financed, APR, repayment term, monthly payment and total cost. A longer term can reduce a payment while increasing the interest paid over time. Use the same vehicle and purchase assumptions when comparing offers, and ask about anything that differs.
Leave room for ownership costs
Include insurance, fuel, maintenance, repairs and registration in your planning. A payment that fits by itself may not leave enough room for the other costs of using the vehicle. Ask for time to review the numbers and obtain an insurance quote for the exact vehicle.
Understand what an application does
The American Dream Motors website offers a secure financing application in English and Spanish. Submission does not guarantee approval, a rate, a down payment or delivery. Ask the team which step your file has reached and what remains to be reviewed before relying on any proposed terms.
Review the paperwork before signing
Check that the written agreement matches the vehicle and terms you discussed. Ask for an explanation of unfamiliar charges, optional products and conditions. Keep copies of the completed documents and confirm the next steps with the team.
Common questions
Does applying online mean I am approved?
No. The application collects information for review. A lender and the dealership must confirm approval and the applicable terms; the website does not promise either.
Can I compare financing from another lender?
You can compare loan offers. Bring the written terms and compare the amount financed, APR, repayment period and total cost using the same purchase assumptions.
What down payment will I need?
There is no single amount established by this guide. Ask the team to review the specific vehicle and your file; do not treat an advertised example or an estimate as approval.
Where do I start on this website?
Open the financing application or contact the dealership with the vehicle’s stock number and your questions. Put sensitive financial information only in the secure application.