Richard Wade
Richard has over 25 years experience in the field.
He makes it easy!
425-562-1000 ext. 1017
rwade@parkplaceltd.com
Our Finance Department provides quality professional services offering competitive rates and extended terms. We offer Automobile Financing Nation Wide1. Most of the vehicles offered at Park Place Ltd. can be financed anywhere in the United States.
In addition Park Place Ltd is a credit union direct lending member with over 30 major credit unions to choose from. Member or not, we can sign you up immediately at our dealership. Credit unions offer great terms and rates for any age vehicle.
Do you owe more money on your trade than it is worth? Many people do and we have the capability to help.
Park Place is now able to refinance your vehicle owned or not. If you need money out of your owned vehicle or if you want to lower payments on an existing loan, we can help!
We offer extended service contracts for most vehicles and can tailor your needs to give you the amount of coverage you desire.
We also offer theft preventive measures for your automobile. LoJack is now available. It's a passive device that sends a signal to the police if the car is stolen.
- Competitive Terms up to 96 months
- 100% financing2
- The application process is simple and quick
- Approvals within minutes
- We work with major lending institutions as well as specialized financing sources for specialized and recreation cars
1. O.A.C (On Approval of Credit)
2. Loan terms and interest rates vary from applicant to applicant, and vehicle to vehicle, depending on the applicants credit rating, income and payment history. The year, make, model and mileage of the vehicle being financed. And the down payment.
Definitions and Explanations
Interest Rate
The periodic charge, expressed as a percentage, for the use of credit.
Loan Term
The length of time that it will take to repay the loan. Typical loan terms are 12, 24, 36, 48 or 60 months. Other terms may be available. Term length has a larger impact on the monthly payment and the final amount repaid than interest rates.
Purchase price
The amount of money agreed upon by both parties as the value of the item for sale. Negotiation can cause this figure to be different from the Manufacturer's Suggested Retail Price (MSRP).
Down Payment
The up-front cash payment that the buyer makes to reduce the amount borrowed to purchase a car; the difference between the loan amount and the purchase price. A trade-in allowance and/or rebate also may be used as down payment. The down payment helps protect the bank, credit union or finance company in case the borrower defaults on the loan. A typical down payment is about 20 percent of the vehicle's sale price.
Trade-in Value
The amount a dealership credits you for the used vehicle you provide as partial payment for another vehicle. The amount credited is often about 5 percent below the vehicle's wholesale market value.
Sales Tax
A state, county and/or city surcharge added to the cost of certain items sold within a specific geographical area. This is usually a percentage of the total cost of a transaction, anywhere from 3% to 10%. Sales tax can vary greatly from county to county, due to county and/or city surcharges.
Vehicle Registration Fee
A fee charged by the state to legally register the vehicle in that state. Some states charge a flat fee, while others base it on the specific vehicle registered. Also called a licensing fee.