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Car Buying Tips

Car Buying Tips for All Credit Types!

Are you in the market for a new car but unsure how to get the best deal? Before you even consider a particular type of car you should ask yourself the following questions?

How long do I plan on keeping the car?

This questions is important because if you are a person that tends to switch cars every few years it may be best to take advantage of a traditional lease or even a rent to own car.

Should I shop for a car online or go to a local dealer?

Studies show that an educated consumer who gets pre-approved for a car loan online prior to shopping at a local car dealership will experience substantial savings. Show up at the dealership with your pre-approval in hand today. Get pre-approved now

When is the best time to buy a car?

Believe it or not there are certain times of the year, month or even quarter when buying a car is cheaper than others. Studies reveal that the best time to purchase a car is during the winter. It is also recommended to wait till the end of the month or end of the quarter.

What type of car financing will I qualify for?

This is a very important question to ask yourself because the answer could determine how, where and even what type of car you will shop for. If you aren’t sure about your credit worthiness you can get your credit score on our resources page. Generally, if you have a credit score of 620 or less you will probably end up with a subprime auto loan. Although these loan types can be more expensive than “prime” loans they are still substantially cheaper than the rates offered at buy here pay here dealers.

How much can I afford?

It is very important that you decide how much you can afford prior to going to a car dealership. Along with that you also need to have expectations that are realistic and achievable in terms of the vehicles cost, make and model.

In summary there are a lot of things to consider when purchasing a car that require very little time or effort and are free but still have the potential to save you money with Freedom Auto Financing. Apply Now

September 14, 2014