Even people with enough money in the bank go in for car finance. The reasons for this are simple. Financing your car keeps your capital free for other applications or investments. Car finance allows you to plan your future expenditure and budget accordingly. When going in for car finance, make sure you get the best possible deal so as to optimize your cash outflow and the value you get for it.
First of all, decide what type of car you want. Do you need a compact for the city or something more suitable for the highways? Are you the outdoors type who will need a 4X4? Do you have, or are planning to have, a large family that will require large seating and trunk capacity? Keeping all these parameters in mind, check out all the models that suit your needs. Be sure of what you can afford - look at the total cost of ownership and not just the monthly car finance payments.
Two Minute Application
Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.
Choose Your Vehicle
Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!
Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.
Study car magazines for road test and quality reports. Check out the internet for older reports and studies. Make sure the information you collect is reliable. There are a lot of folks who, through their own mistakes, are unhappy and are posting bitter blogs. Visit manufacturers' websites and get all the information you can on the models you have short listed. Keep a special eye out for models that have had recall problems. This does not mean it is a bad car. Just make sure that the problem has been fixed and no longer occurs.
Getting a new set of wheels can be an exciting time. However, handing over that large wad of cash in one lump sum can really put a damper on the whole situation. Auto loans are available to help ease the pain and allow you to keep a few of your dollars in the bank, offering a safety net of sorts. This doesn't mean you have to pay sky-high rates, though. At Loan Doctor we take into consideration all credit scores. We suggest checking into yours prior to car shopping taking the time to make a few tweaks, if need be.
It may mean waiting just a bit before making your purchase, but can save you plenty in the long run. Don't have time to work on credit? Consider buying an older model vehicle or offering a down payment. These can also assist in getting lower interest loans.