subject: Tips For New Car Financing [print this page] Are you considering a new car? There are a few new car sales secrets that you should consider before you get started. The reality is that replacing your car is one of the top expenses that you are going to get locked in to. Second only to a house and a business purchase, new car sales are big business. Getting it right the first time is important. There is a lot more to the purchase of a new vehicle than you might think. Not only your payments need to be taken into consideration, but all the other things that will go along with it.
Pay as little attention as possible to the salesman who is trying to sell you the new car. New car sales, as previously mentioned are a huge business right now. Most will tell you that getting financing is in your best interests to build credit and so on and so on. The reality is that building credit is important, but there are other ways to accomplish it aside from a financing that will net the car company a bundle and lose you an equal amount.
To start out, if you have got a little money set aside, you want to consider paying for the car as opposed to taking out some loans or finding financial assistance of some variety in order to purchase your car. It is best to buy them outright if you can afford it. It saves you a tremendous amount of money and it also helps you to keep within your budget.
Before you even get started, research the car that you're interested in and do not be pressured into buying something that you just were not interested in before the car salesman tried to convince you that you needed it! New cars are costly. They lose value very rapidly. Assess how much value they will lose, how much the added or hidden costs of owning a car are going to be and anything else that concerns you. The well informed customer is the one who has the best chance of not being taken advantage of when it comes to new car sales or the things that go along with it.
If you must finance your car, bear in mind that your dealer or your finance company will make a great deal of money from you. To keep your financing costs lower, be sure that you are in good shape credit wise. Check your own credit and then if you have any black marks at all, take a little time to clear them up before you purchase. You will be glad that you did. The lower cost of financing could save you hundreds, if not thousands on the overall cost of your car.
Alternatively look for 0% finance offers, these can enable you to have credit without having to pay any APR (interest) and sometimes these types of new car sales incentives are over three or four years, helping you to spread the costs.
