Finance Center

Swant Graber Auto Group has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs.

Low interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. You're just a step away from approved car financing!

Get Help Financing Your New or Used Car in Barron, WI

If you are ready to settle on a decision for your automotive purchase or lease, then your next step is to set up a meeting with an advisor to discuss your auto financing and car loan options near Menomonie, Rice Lake, Chippewa Falls, and Amery. Fortunately, Swant Graber customers do not have to look very far to get that support because we have a Finance Center on-site at our dealership in Barron, Wisconsin. During your consultation, our advisors will listen to your needs and help you complete the process, stress-free!

Our Financiers Make Automotive Financing Easy!

There are a few ways that our team can help you with your automotive finances. First, they will inform you about any factory incentives that are applicable to your desired model so that you get more savings with your purchase or lease. Second, they will work closely with you when corresponding with lenders to make sure that you acquire an auto loan at a reasonable rate. Lastly, they will take your budget into account and help you formulate a monthly payment plan that fits within your means. In other words, you can always count on them to guide you every step of the way, from beginning to end! This is how Swant Graber makes the financial process hassle-free for our customers.

Visit the Swant Graber Finance Center Today
Serving Rice Lake, Chippewa Falls, Menomonie & Amery, WI.

You can get started with your automotive finances started right from the comfort of your home by filling out the convenient form below. Once your information is submitted and reviewed, an advisor will be in contact with you soon to determine a consultation date. Of course, you are welcome to call us at (888) 605-6227 or use the form below if you would like further guidance beforehand. Whatever you decide, we are happy to help in any way that we can.

Have questions? Complete this form and a dealer representative will contact you.

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Tanya Fredrickson & Dawn Horton
Business/Finance Managers



Are monthly payments necessary?
Unless you're in the position to pay cash for a new or pre-owned vehicle, you'll need to establish a payment plan to obtain that vehicle. Two options exist - taking out a loan or leasing.


How do loans and leases differ?
When you take out a loan, all of the money used to pay it off applies to your eventual ownership of the vehicle. The initial down payment and principal on the loan cover the total cost of the purchase. Lease payments, however, apply only to the use of the vehicle. The total sum of payments covers the vehicle's depreciation over the time you drive it and is usually less than the outright price of the vehicle.


When is ownership transferred?
When paid in full, a loan terminates and you assume ownership. Your bank sends you the title that had been held while the loan maintained an outstanding balance. When a lease period ends you forfeit the vehicle to the lessor, unless the lessor offers to sell the vehicle afterwards. During the entire lease period the lessor maintains ownership and simply allows you to use the car. Ownership is only transferred if you chose to buy the vehicle after the lease terminates.


How are monthly lease rates determined?

In formulating a monthly payment structure, a lessor is primarily concerned with the extent to which the vehicle will depreciate throughout the lease and the cost of borrowing money to finance the car during that period.

Three key elements:


First, the adjusted capitalized cost is determined. This figure represents the real purchase price after elements such as the down payment, incentive discount and trade-in credit are deducted from the capitalized (actual) cost, while any fees or charges (e.g. destination) are added.

Second, the residual value, or estimated value of the vehicle at the end of the lease, is determined and then subtracted from the adjusted capitalized cost to yield a depreciation figure. The residual value depends on the length of the agreement, expected mileage and make/model of the vehicle.

Finally, a lessor assesses the money factor, a number that correlates with the cost of borrowing money during the lease period.

While these terms may seem unfamiliar, the Federal Reserve Board now requires dealers to publicize all leases' down payment amounts, lengths, residual values and interest rates.

What factors determine the purchase price at the end of a lease?
Most leases rely exclusively on the residual value in determining the end of term purchase price. These closed-end deals require you to pay the fixed residual amount regardless of the actual market price. Open-end leases work differently in that the actual market value helps determine the purchase price. As a customer you are responsible for any difference between the residual and actual value when buying outright.


How are loan rates determined?
The size of monthly loan payments depends on the amount borrowed, the length of the loan, the interest rate and other factors such as your credit history. Paying more money initially lowers the principal of the loan, thus reducing individual payments. At any period during the loan you may opt to pay off the principal in its entirety, at which point the title of the vehicle is transferred to you.


General loan specifications:
Down payment amounts may range between 10 to 20 percent of the vehicle's total cost, although some purchases require no down payment. A typical loan period is five years with an annual percentage rate around 8 percent. Some manufacturers offer lower rates, but be sure to investigate any associated conditions or clauses.


Are loans available for used vehicles?
Yes, although they function somewhat differently from new car loans. A down payment of 20 percent or more is often required and the interest rate can be a point or two higher. Understandably, banks are more hesitant to loan money for used car purchases, as they would rather own a newer car if the borrower defaults. However, the market is full of good used vehicles, many of which are created by short term leasing.


Can extra fees and charges be financed?
Yes, registration, taxes, extended service plans and other supplemental charges may be included in the financing plan.


Which option makes the most sense?
The answer to this question depends on how you plan to use the vehicle. If you like the idea of driving a more expensive vehicle for a smaller monthly payment, leasing is a great option. However, if eventually owning the car is important, financing with a loan is the way to go.


What are the restrictions of driving a "borrowed" vehicle?
Annual mileage restrictions are a major limitation for customers who choose to lease. Lessors want their vehicles returned in saleable low-mileage conditions, so they place mileage caps on them. A typical yearly figure is between 12,000 and 15,000 miles. Beyond the established limit, fees accrue on a per-mileage basis, usually in the range of $0.10 to $0.25 per mile. So if most of your driving is local, leasing makes sense. However, if you consistently tack on 500 or more miles a week, definitely look into a loan.


What are the other virtues of a loan?
Loans are also sensible for those who want to customize their vehicles, plan on keeping their cars for long periods of time and plan to re-sell their vehicles to help recoup the costs of ownership or expenses of additional cars. For those who quickly wear vehicles out, loans may be safer bets as lessors often add "excessive wear" charges if the car is returned with wear over the limits established by the contract.


Why lease?
Leasing ensures that you'll always drive a late-model vehicle, won't have to pay for warranty-covered repairs and won't have to bother with re-selling at the end.

Contact

Swant Graber

1690 East Division Ave
Directions Barron, WI 54812

  • Sales: (715) 318-6118
  • Service: (715) 318-7646
  • Parts: (715) 318-6339

Hours

  • Monday 8:00am-5:30pm
  • Tuesday 8:00am-5:30pm
  • Wednesday 8:00am-5:30pm
  • Thursday 8:00am-5:30pm
  • Friday 8:00am-5:30pm
  • Saturday 8:00am-3:00pm
  • Sunday Closed
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