Jump to main content



Auto Loans

Are dealer-installed options such as rust proofing, paint sealant, or fabric protection necessary?

No. New cars are covered under warranty against rust. Washing and waxing your car regularly will ensure that the finish stays like new, and you can protect your fabric using any number of commercially available solutions.

Do factory orders cost more?

Factory orders should cost no more than buying a car from dealer stock. You may run into problems with rebates or incentives, however. If a rebate or incentive is scheduled to run out at approximately the same time your car is scheduled to be delivered, the dealer may delay delivery of your car.

I'm buying a car. When do I get financing?

It is always best to try to arrange financing in advance of negotiating the terms of the actual purchase.

What is an auto refinance loan?

An auto refinance is a loan that pays off your existing auto loan, similar to a mortgage refinance, but with a much simpler and faster process. Your new lender pays off your old loan and the title to your vehicle is transferred to your new lender.

What would be a fair deal?

The standard industry formula is to find the invoice price plus all options and destination charges, subtract any rebates or incentives and add three percent for reasonable dealer profit.

When is a car considered used?

A car should be considered used when it has been titled, or when it has been used by the dealer's staff for demonstration purposes. If a new car has excessive mileage on it, you should ask for a discount to your negotiated price. Frequently, used car loan rates are higher than new car rates but at Canyon State you receive the same low rates on both new and pre-owned auto loans.

Return to FAQs