Preparing to Buy a Car? Do You Know What Loan You Can Get With Your Credit Score?
With the slowed economy car dealers are really working hard to earn your business. Low sticker prices, excellent financing options and not to mentioned top notch, attentive service – dealerships are stepping up their game in order to attract customers.
So, you’ve decided now is the right time to buy. Here are a few pointers to help you navigate your way to a successful purchase.
First, know your goals. If your main priority is to find the right model to accommodate your growing family your shopping strategy might be different than someone looking for maximum fuel efficiency. By identifying your goals, you can narrow down the field and focus your efforts. Once you have a clearer idea of what you are looking for, do your research. There are a variety of websites that allow you to comparison shop different makes and models.
After you have thoroughly checked out the options online you may be tempted to rush out the door and head to the dealership for a test drive. Not so fast. The next thing you will need to do is sit down and factor your new car purchase into your monthly budget. Many people agree to less than ideal financing terms in the heat of the car buying moment, only to later realize that they could have found a better deal. Calculate how much you can comfortably put down and how much you would like to pay each month.
Then you will need to check your credit report. This will allow you to preview the information before the financing department gets their hands on it. You should make sure everything is correct and take into consideration how any negative items might affect your financing. Checking your report is easy and free, but it can really save you some big bucks in the long run.
If everything looks good, then you are ready to head to the dealer and pick out which color you like best!
See your credit score for free, and find out what kind of loan you qualify to receive. See where you stand on the credit score scale and how you compare to the national average.