Common Auto Financing Terms

Looking to finance a new vehicle for the first time? Then you might want to look over our list of common auto financing terms, which will help you understand and navigate your way through financing your new purchase.


The APR, or annual percentage rate, is the interest charged on a loan per year.


People with no credit or poor credit will be able to get better loan agreements if they have a cosigner, which is a second individual who agrees to sign on a loan, taking on equal responsibility in paying it back.


Credit is a term that refers to a person’s credit history, which includes everything from whether or not previous payments have been made on time, to how many years of experience a person has with borrowing money. A lender looks at a borrower’s credit to decide whether they’re able to pay back a potential loan.

Down Payment

A down payment is a payment that a buyer makes upfront on a vehicle, in order to reduce the amount of the loan that they need.


The Manufacturer’s Suggested Retail Price is the base price suggested to dealers by the manufacturer. This price generally increases depending on the trim level and any extras and amenities added to the vehicle.

If you have more questions about financing, contact the team of experts here at Courtesy Chevy Buick GMC Cadillac.

Best New Cars for Recent College Graduates

Now that you’re finally graduating college, you’re ready to follow the road of life wherever it takes you. But, do you have the right car for the journey? We at Courtesy Chevrolet Buick GMC Cadillac want to help you find a vehicle that’s in your price range that fits your needs. These are the models that we suggest are the best cars for recent college graduates.

Chevrolet Silverado 1500

No matter which model year you go with, the Chevrolet Silverado 1500 is a capable, reliable option. Whether you’re moving furniture to your new apartment or travelling across Alabama for an interview, the Chevy Silverado 1500 is a great truck for graduates.

Chevrolet Spark

There is a lot to love about the sub-compact Chevrolet Spark. Not only is it exceptionally affordable, it gets great gas mileage, is easy to maneuver in crowded urban areas, and is fun to drive. U.S. News & World Report ranks the Spark as one of the best cars for college graduates.

Buick Regal Sportback

If you want a classy car for your new business job that will impress your colleagues but won’t break your bank, check out the Buick Regal Sportback. This luxury sedan is competitively priced, with a starting MSRP in the mid-$25,000s, and offers the digital connected features essential for thriving in the business world.

If you’re a recent graduate from the University of Alabama, Birmingham Southern College, Samford University, or any of the other fine institutions in the Birmingham region, visit Courtesy Chevrolet Buick GMC Cadillac. We’re here to help you find the right vehicle.

Tips for Buying A Car in College

It’s finally happened – the car you drove in high school has finally kicked the bucket. So, what do you do? Here, we provide some tips for buying a car in college that should help make the process a bit easier.

Consider buying used. Used vehicles tend to be more budget friendly, so if you’re on a tight budget, then this is the direction you can go. You should be able to get more bells and whistles on a used car than you would on a new car.

Purchase from a dealer. If you purchase a vehicle from a dealer, you might get a warranty. You can also trade in your old car to put towards your new vehicle, and find a few financing options. Finally, you can also purchase a Certified Pre-Owned vehicle, which is less likely to have issues that a regular used car.

Think about your financing options. Purchasing a car with cash is the best option, but if you don’t have that much cash on hand, what should you do? Consider all the financing options available to you, including the dealership and directly through a bank. You can even ask family for a low-interest loan to help pay for the car in advance.

Bring help. During the buying process, you should consider bringing along a second pair of eyes – preferably those that have experience purchasing a vehicle. Bringing along a parent or grandparent means that they can help you look for the things you should consider when you’re looking at vehicles.

If you’re ready to replace your old reliable car, come see us at Courtesy Chevy Buick GMC Cadillac.