This week we are discussing some tips and good things to know when financing a car. I’ve worked for a major financing company I promise this episode is worth your while! Grab your pen and pad!
- If possible save to buy in cash or for a cash down payment!
- Go in with a check
- Start with a budget then shop
- READ & UNDERSTAND the terms of your contract
- How to find the number you are really paying for the car vs what’s on the price tag
- GAP Insurance
- Paying extra on your principal
- Grace periods
- Deferments
- Due Date Changes
- 6 year car loans are a NO NO
- Credit union loans vs traditional bank loans
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