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Finance Your Truck in Saint Cloud, MN

Finance Your Truck | Minnesota Truck HQ | Saint Cloud, MN

Common Finance Terms

We know that buying a car can be daunting, and at Minnesota Truck Headquarters we’re here to help you every step of the way. We hope that these common finance terms will help answer some of your questions about the financing process.

Annual Percentage Rate (APR)

The APR is the term that refers to the interest rate on your car loan. It’s calculated by a percentage of what you owe on your loan.

Base Price

The base price is the price listed on the vehicle and is the cost of the vehicle with no extra add-ons.

Extended Warranty

This type of warranty is usually for purchase from the dealership or the manufacturer after one year of ownership. It continues to cover any possible issues or repairs with your vehicle beyond the manufacturer's warranty.

Incentives and Rebates

These are types of programs that may potentially reduce the cost of the vehicle if the buyer is qualified for one. For instance, some dealers may offer rebates for veterans or students.


A lease is very much like a long-term rental. Leases tend to last around two years, during which time the lessee—the person who has leased the car—has the car in their possession for a monthly fee.

Loan Term

If you decide to borrow money from a financial institution to pay for your car, that is called a loan. The loan term is the length of your loan agreement, which will affect how much your monthly payment will be.

Trade-In Value

When you buy a new car, you have the option to trade in your old one to cover part of the cost. The trade-in value is the amount that the dealer will take off of your new car in exchange for your old one.

Still have financing questions? We’re always here for you at Minnesota Truck Headquarters. Call us today!

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1805 Highway 23 NE
Saint Cloud


  • Monday
    9:00am - 7:00pm
  • Tuesday
    9:00am - 7:00pm
  • Wednesday
    9:00am - 7:00pm
  • Thursday
    9:00am - 7:00pm
  • Friday
    9:00am - 7:00pm
  • Saturday
    9:00am - 6:00pm
  • Sunday

Contact Information

1805 Highway 23 NE
Saint Cloud, MN 56304
Phone: (320) 230-6064
Finance Your Truck | Minnesota Truck HQ | Saint Cloud, MN
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