Finance Department

A cornerstone of the Koons Automotive Family tradition is our ability to get our clients the new or used vehicle they want most at a price that won't jeopardize their future financial goals.

It's the thinking that goes behind our offering of tools such as our online payment calculator and trade-in appraisal tool.. Once you have the vehicle you want picked out, we work to make the financing process as smooth as possible.

Iit all starts when you fill out our secure online finance application. Your information is not only protected by our secure servers, we also never sell your info to third-parties or outside vendors.

The hardworking team of automotive finance professionals here at Koons immediately get to work with our nationwide network of financial institutions to construct a loan or lease package that works with your budget. Not sure which option is best? We'll work with you to decide the best financing option for you.

Koons Mazda, serving Silver Spring, Rockville, Arlington, Gaithersburg, Laurel, Bethesda, Chevy Chase and beyond.

Interested in learning more about our no-commitment, hassle-free sales process? Visit Koons Mazda of Silver Spring today or send us an e-mail with your questions. At Koons, we pride ourselves on making the automotive financing process as easy as possible so we can get you on the road in your new vehicle today.

Buying a vehicle is an easy process. Like any industry, however, the financing world has its share of odd and sometimes difficult to understand language. Here's a short list of the most common terms used during the finance process:

• APR: The Annual Percentage Rate
• Assignment: A transfer of a loan from one lender to another
• Base Price: The costs of a car with standard equip incentives & freight
• Certificate of Title: A Legal document issued by a state at the time of sale.
• Co-signer: A person who takes on a loan if the orig. borrower stops pay
• Default: Failure to meet the terms of the loan
• Interest: A percentage charge for a loan
• MSRP: Manufacturers Suggested Retail Price
• Refinance: When one loan is used to pay off another
• Term: The length of the loan, 24, 48, 60... months
• Underwriting: Verifying the data used to obtain a loan

Quick Links to help with your financing questions:

You've got questions we've got answers.

A quick payment and interest calculator.

The FTC has some info for you on vehicle financing.