Below we have answered the most common questions from our customers
What is a car broker?
A car broker is an independent intermediary who works with multiple dealerships and manufacturers to offer clients the best deals. We represent your interests, not the dealerships’.
How is a broker different from a dealer?
A dealer sells vehicles of only one brand, while a broker offers a wide selection of models and brands, saving you time and money.
Why should I choose ALFACAR?
With over 11 years of experience, we ensure transparent deals, eliminate hidden fees, and provide personalized service to every client.
What services does a car broker provide?
We handle car selection, negotiations with dealerships, document preparation, car delivery, and post-purchase support.
What is leasing?
Leasing is a long-term rental agreement with fixed monthly payments and the option to purchase the vehicle at the end of the lease term.
What are the advantages of leasing?
Low initial payments, lower monthly costs, and the ability to drive a new car every 2-3 years.
What is auto financing?
It’s a loan provided by a bank to purchase a vehicle, with fixed or variable monthly payments.
Which is better: leasing or financing?
Leasing is ideal if you prefer a new car every 2-3 years. Financing is better for long-term ownership.
How can I lower my interest rate?
We help you find banks offering the lowest rates, assist with refinancing, and provide access to manufacturer programs.
What is GAP insurance?
GAP insurance covers the difference between the market value of the vehicle and the remaining loan amount in case of total loss.
Can I terminate a lease early?
Yes, but it may involve additional costs. We will help calculate all possible scenarios.
Can I lease or finance a car without a credit history?
Yes, we have programs designed for clients without a credit history.
What documents are needed to buy a car?
A driver’s license and credit history. Proof of income may be required by the bank.
Can I buy a car without an SSN?
Yes, we offer special financing programs for clients without an SSN, providing flexible terms and competitive rates.
How long does it take to buy a car?
The process usually takes 2 hours to 2 days.
Can I buy a car in another state?
Yes, we arrange delivery to any city in the United States.
Can I register a car under my business?
Yes, we assist with registering cars for businesses, taking tax advantages into account.
How do I ensure the price is fair?
We provide a comprehensive cost breakdown and market analysis to ensure transparency.
What services does ALFACAR provide after a car is purchased?
We support you with car maintenance, insurance claims, service appointments, and any other concerns.
How can I avoid high interest rates in the future?
We offer refinancing options, find banks with better rates, and simplify the refinancing process.
What should I do if I want to sell my leased car?
We can help terminate your current lease and secure a new vehicle.
Can I trade in my old car for a new one?
Yes, a trade-in is a convenient way to reduce the cost of your new car.
What is a credit history and credit score?
Credit history is a record of all your financial obligations, such as loans and credit card payments. A credit score is a numerical rating that reflects your creditworthiness.
What is considered a good credit score?
• 740 and above — Excellent • 660-740 — Good • 600-660 — Average • Below 600 — Poor, requiring improvement.
How can I build a credit history?
Start with a credit card, including secured credit cards, and make timely payments. Keep credit utilization at 3-10% for optimal growth.
How does a credit score affect car purchase terms?
A higher credit score means lower interest rates on loans or leases, saving you money on monthly payments.
Can I get a car with bad credit?
Yes, we offer programs for clients with low credit scores. We’ll help minimize the down payment and interest rates.
What if I don’t have a credit history?
We’ll help you start building your credit history and find options with minimal requirements.
Can leasing improve my credit history?
Yes, timely lease payments positively impact your credit score, opening up better financing opportunities.
How can I avoid mistakes that lower my credit score?
Avoid late payments, don’t max out credit cards, and limit multiple credit inquiries at the same time.
What are soft and hard inquiries?
Soft inquiries don’t affect your credit score and are used for preliminary checks. Hard inquiries can temporarily lower your score by 5-10 points and are used for final credit approvals.
How can I avoid hidden fees?
Work with trusted brokers. We eliminate hidden fees and disclose all costs upfront.
How do I know if a deal is good?
Compare several offers. We provide market analysis and select the best terms for you.
Which cars retain their value best?
Toyota, Honda, and Subaru models often have high residual value and low depreciation.
What should I do if I have an accident with a leased car?
Contact your insurance provider and notify us. We’ll guide you on minimizing expenses.