Common Finance Terms

Alfa Romeo Family

After you've visited Alfa Romeo of Davenport and picked out a new or pre-owned Alfa Romeo, the next step is financing. Our knowledgeable team prides itself on accessibility and transparency: we answer your questions, explain the finance process, and work hard to get you the best-suited deal.

Finance Terms

Listed below are some of the most common terms we use when discussing and setting up financing plans. Take a look at each to get yourself familiar with the process. That way, you can have a thorough understanding when the time comes to finance your new purchase here at our Alfa dealership located at 323 Research Pkwy in Davenport, IA.

  • APR: Also known as the "annual percentage rate." It is the interest rate you pay on your car loan for borrowing money from a lender.
  • Dealer incentives: Special offers from Alfa Romeo that we pass on directly to our customers.
  • Down payment: The upfront payment that helps reduce the amount of the principal. The bigger your down payment, the less your monthly payments will be.
  • Extended warranty: An agreement between the buyer and the dealership to extend the factory warranty so that service and repairs are covered for a longer time.
  • Principal: The amount of money you borrow to purchase your new Alfa Romeo.
  • Trade-in value: The amount that can be used toward a new purchase when you trade your vehicle in. The value we agree on is subtracted from the price of the new car.
  • Alfa Romeo Finance Department

    Van Horn Alfa Romeo

    Working with the finance department here at Alfa Romeo of Davenport means not only gaining a full understanding of the finance process, but also utilizing our entire skillset to get you the best-possible financing package. Our local Alfa Romeo dealership serving Quad Cities maintains excellent relationships with a number of local and national financial institutions, providing you several options to consider. Plus, you can take advantage of our regular specials and dealer incentives.

    Getting started with financing is easy-just visit the "Shopping Tools" section on our website, click "Finance Application", and fill out the form. After you submit the application, we'll contact you to learn more about your needs.

    Finance Your Next Alfa Romeo Vehicle Here

    f you've been trying to find the right "Alfa Romeo dealer near me", your search is over. Our local car dealership offers one the best Alfa Romeo inventories in Iowa, in conjunction with straightforward, competitive Alfa Romeo financing designed to meet each customer's unique needs and budget.

    Make an Inquiry

    By submitting your contact information, you consent to be contacted by telephone about purchasing a vehicle or obtaining vehicle financing. Clicking on the Submit button above is your electronic signature.