The Best Financial Tips For Buying a Car
Spring is a popular time to upgrade your car and enjoy driving something different. We Florida Financial wants to guide you toward making the perfect car purchase with these easy tips!
Consider All Your Options
Researching options ahead of time is important in picking your perfect new vehicle. Avoid impulse buys that will leave you buyer’s remorse. Do you want a new car, used car, or certified pre-owned? There are advantages and disadvantages to each. What features are the most important to you? What does the long-term cost of ownership look like on the cars you are considering? What about gas mileage, insurance costs, and reliability scores? These are questions to answer ahead of time to be prepared to shop.
Finance Wisely
Do not assume the car dealership is the wisest choice for financing. More often than not, your credit union can offer you a better rate on an auto loan. Be sure to discuss financing before you visit the dealer so you know your options. We Florida Financial offers great rates on auto loans. You can even refinance your auto loan from another lender. We'll lower your rate by 1% or more and give you a cash bonus of up to $250! Use Bankrate's online calculator to determine how much a low-interest rate can save you–even against car dealership rebates!
Stand Your Ground
Negotiating with a salesperson at a dealership is intimidating. Set a well-researched target price ahead of time and start low when negotiating. If you have a trade-in, do not mention it until you have agreed on a price for the new car. As moneycrashers.com explains, the trade-in value can be used against you in negotiations. Do not be afraid to walk out the door and try again another day if you are not happy with the deal.
We Florida Financial wants to make sure that you buy a car you can afford without getting conned during the purchasing process. Following these tips will help guide you toward a car you will love to drive!
