Car Financing Options: citizens automobile finance

You're sitting in the dealership when the salesperson asks, "So, how are you going to finance your new car?"

The question leaves you a little confused. What is he really asking?
In the car business, the term financing is loosely used to mean that the dealership will either provide you with an auto loan to buy the car or lease the car to you. The opposite of "financing a car" would be buying it outright with one cash payment.
Although you can take out a bank loan to finance your car, many people like the convenience of getting a loan through the dealership. They can walk in, choose a car, fill out a credit application and drive away in a new car. They can do this at night or on the weekends when banks and credit unions are closed.

In exchange for this service, the dealer will often charge you more for your auto loan. How much more? That depends. If you have sterling credit, you might get a competitive interest rate and be eligible for special programs that lower your cost. However, if you have bad credit, or no credit, the dealer might charge a much higher interest rate for taking what is perceived as a risk on loaning you money.
So, going back to the salesperson's question, "How are you going to finance your new car?" your answer could be one of three things: "I want to buy the car."

In 1828, Citizens Financial Group got its start as a small community bank called the High Street Bank in Providence, Rhode Island. In 1871, the directors of High Street Bank established Citizens Savings Bank. Its first deposit was from Miss Jessie Grant, the daughter of the bank's vice president.

Today, Citizens Financial Group has $148 billion in assets, making it the 8th largest commercial bank holding company in the United States. Owned by RBS, The Royal Bank of Scotland Group plc, we now have branches in 13 states, including Connecticut, Delaware, Illinois, Indiana, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Vermont, and, of course, Miss Grant’s own Rhode Island. We also have non-branch offices in more than 30 states.