To get the best car financing terms you will just need to research and shop around to compare the policies and rates. Use free personal finance software to calculate how much you need to pay for the loan over time, or ask your car dealer for help in determining how much of a loan you can afford.
Many of you may already know that my name is Bob Ciasulli and I own several auto dealerships in the Northern New Jersey area. For that reason, I’ve experienced my share of car loan applications. I’d like to impart a few tips I’ve garnered from the experience.
The “Cash for Clunkers” program brought people back into car dealerships in the last few months, but it is still difficult to afford a new car in this economy. Most people would rather save money than spend thousands of dollars to buy a new car. If that is the case for you, perhaps you should consider auto financing. You can get an auto loan from a bank, car dealer, credit union, and even online.
Since there are a lot of options for car financing, it is very important for you to research your options. Here are some useful tips on how to get the best car finance terms for your new vehicle:
• Always answer application questions honestly because your references will be checked.
• Do not apply for car financing unless you need to. If you can manage to pay for your car, that is the best option.
• Make sure you have the income to pay the interest rates monthly.
• Shop around and compare car finance term sources. Make sure to get the best deal you can from a trusted provider. If you are buying a second hand car, try to negotiate with the auto dealer for a good rate.
• Try to get the shortest term loan because you will pay less interest, and because your car looses value as soon as you drive it off the lot, so you can not look at this type of loan the same way you would a mortgage.
• The number of months that you can finance your automobile is determined by its age. Used cars usually are given shorter loan terms than new vehicles
• Improve your praise. People with good credit can get better loans because they are less likely to default on the loan.
Many of you may already know that my name is Bob Ciasulli and I own several auto dealerships in the Northern New Jersey area. For that reason, I’ve experienced my share of car loan applications. I’d like to impart a few tips I’ve garnered from the experience.
The “Cash for Clunkers” program brought people back into car dealerships in the last few months, but it is still difficult to afford a new car in this economy. Most people would rather save money than spend thousands of dollars to buy a new car. If that is the case for you, perhaps you should consider auto financing. You can get an auto loan from a bank, car dealer, credit union, and even online.
Since there are a lot of options for car financing, it is very important for you to research your options. Here are some useful tips on how to get the best car finance terms for your new vehicle:
• Always answer application questions honestly because your references will be checked.
• Do not apply for car financing unless you need to. If you can manage to pay for your car, that is the best option.
• Make sure you have the income to pay the interest rates monthly.
• Shop around and compare car finance term sources. Make sure to get the best deal you can from a trusted provider. If you are buying a second hand car, try to negotiate with the auto dealer for a good rate.
• Try to get the shortest term loan because you will pay less interest, and because your car looses value as soon as you drive it off the lot, so you can not look at this type of loan the same way you would a mortgage.
• The number of months that you can finance your automobile is determined by its age. Used cars usually are given shorter loan terms than new vehicles
• Improve your praise. People with good credit can get better loans because they are less likely to default on the loan.
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