Apart from real estate, vehicles make up the most expensive items that most of us buy in our lifetime. However, the biggest difference between the two is that real estate appreciates with time, while vehicles depreciate pretty fast. And because of the general wear and tear of motor vehicles, you will likely buy a lot more cars than houses in your life.
The amount of money you will spend on cars is enough reason to educate yourself on how to make each car purchase a smart one. Being deliberate about getting the best deal simply means taking the time to ensure that you get the best value for your money.
Speaking of money, how much do you have? The down payment is a good place to start this conversation, and is explored in detail in the following post:
How Much Should My Car Down Payment Be
You know it’s time to buy a new car. Ol’ Bessie is sputtering at every turn and you’ve been saving up for what feels like a decade. But how do you know if you have enough cash saved up to buy a car? Most folks will say you should make a down payment that’s at least 20% of the vehicle purchase price, but you might be able to get away with a different amount. Learn more about car loan down payments and how to choose the amount that’s best for you. Read full post at My Auto Loan...
As highlighted in the above post, most people will need auto financing for their car purchase. Those with enough money to pay cash for a car are the exception.
Most people work with the car dealership to access financing for their purchase, but this is not the only option you have. The following post talks about what most car shoppers get wrong:
What goes Wrong?
Car buyers spend days in finding the car of their choice. After meticulous research, endless discussions and several visits to the dealership, you select the car of your dreams. Then, you begin the car financing process and you select the very first deal offered to you. This is where you go wrong. Read full post at PRLog...
Taking the time to do some research online could help you land a better deal on financing from another auto loan provider. Fortunately, there are many tools online, including multiple loan provider comparisons and calculators, to make your search easy.
But even with all these options, how do you get around a poor credit score? After all, this is the most important factor that prospective financiers will consider. The following post offers some advice:
- Can I get a car loan with a credit score of 500?
Yes, you can. In fact, it’s nothing to be embarrassed about because creditors already know that millions of working-class Americans have subprime credit scores. You don’t need to visit a shady creditor who takes advantage of bad credit borrowers by charging ridiculous APRs. Read full post at Complete Auto Loans...
Keep in mind that in addition to your credit score, lenders will also consider your employment details and income. So if you have been in the same job for more than a year and have minimum debt, then your chances of getting an approval are pretty good. If you’ve had a repossession or bankruptcy in the recent past, you might have to settle for dealership financing.
If an upcoming special occasion is causing you to rush the car buying process, relax. You don’t need a new car to make the occasion extra special. Whether it’s a birthday, anniversary or date night, Camryn Limousine is here to give you and loved one a luxury ride you will not soon forget.
It will certainly be a lot more comfortable to have a chauffeur ready to ride you to the restaurant and back. Call us today on (434) 990-9070 for bookings.