Shop around
It’s not just about price. It’s about the total cost of your purchase, including your monthly repayments and other fees. Shop around for a good interest rate and consider what type of vehicle you’re looking for; some types will have lower upfront costs and higher ongoing repayments. Do you want a short-term lease or a more permanent purchase? What kind of fuel efficiency are you after? All these factors should factor into your decision.
Get Pre-Approved by Asking Banks
To get a good idea of what is currently available, you need to reach out and ask banks that are within your geographic vicinity. They will be able to provide you with an accurate assessment of what they can offer you, without any obligation. Plus, getting pre-approved means that it will be easier for them to evaluate whether or not they’re willing to provide financing for your needs.
Know Your Credit Score
Your credit score is essential for getting a competitive interest rate. Find out what your credit score is, and take steps to repair it if necessary. You can find your FICO® credit score through any of the three major bureaus — Experian, Equifax, or TransUnion — by requesting one free annual copy of your credit report.
Get Free Quotes Online
Heading to a car dealership when you want to buy a new or used vehicle can be exhausting. Our free quotes service will find your best interest rate so you can get into the driver’s seat faster. All you need is your contact information and our customer care team will take care of the rest.
Consider a Second-Hand Car Dealership
Buying a second-hand car from a dealership is an excellent option for those looking for a new vehicle without paying full price. You may not know what you’re looking for or have the money for something new, but if you need an economical option that doesn’t sacrifice quality, a second-hand car can be just what you need.