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Second Chance Financing

  Welcome to Our Second Chance Financing Department 

We offer a full range of automobile financing programs! Starting with 0% New Car loans as well as special plans designed to help build or re-establish your credit. Simply answer these few questions and we will contact you shortly to get you on the path to your next new vehicle.


For more info email our Second Chance Finance Manager Terry Terrill today tterrill@kimberlycarcity.com




Terry Terrill - Second Change Finance Manager


Financing Navigation

Contact Information

Kimberly Car City

625 W. Kimberly Road

Davenport, IA 52806
sales Sales:
(888) 848-3585
service Service:
(563) 391-8300

Finance FAQ

The dealership's relationships with a variety of banks and finance companies mean it can usually offer buyers a range of financing options.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.

Reviews

"Hello, I just wanted to leave some Feedback about my buying experience. Just wanted to say that I had a very pleasurable buying experince at Kimberly Car City. Steve Simpson and Terry Terrill were very kind and with helping me purchase a vehicle. Terry went out of her way to find financing for me for a 1999 Jeep Grand Cherokee Limited I purchased. Even though its an older used vehicle, She spent hours searching for someone to finance me. That was greatly appreciated. Steve was very nice and Informative and went out of his way to make my buying experince less stressful. Thank You Kimberly Car City for the nice staff and making my car buying experince pleasurable. I am looking forward to dealing with you more in the future. I have recommended Kimberly Car City to several of friends and co-workers." Thanks again, Chris
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