Whether you’re a recent college grad or a new parent, searching for an affordable car loan can become an overwhelming endeavor. The bank doesn’t always have your best interest in mind, and car dealerships try to hide high interest rates behind the promise of free oil changes. Don’t fall for the usual tricks. Consider financing your new or used vehicle through Your Credit Union.
Lower Rate, Lower Payment
Your Credit Union has some of the best rates for New and Used Vehicle Loans in today’s market. You don’t have to scour the web for reasonable pricing, and you don’t have to waste time with an unreliable dealer. A lower rate often equates to a more moderate payment, which can make a positive difference in your monthly budget.
At Your Credit Union, we make the loan application process easy. Simply apply online, in person, over the phone, or at a participating dealership. A member of our knowledgeable staff can discuss various options in length, such as purchasing GAP insurance or an extended warranty. Our reasonably priced insurance options are guaranteed to protect your investment.
Tips for Buying a Used Vehicle
Choosing to purchase a used car over a new car is often a better financial investment because they depreciate at a slower rate. That being said, it’s important to take certain steps to ensure that your used car purchase is low-risk. Consider the following rules:
- Do your research. Before you buy a used car, look up the book value and current street value with mileage considerations. Take a test drive, and take the car to a mechanic you trust to have it thoroughly inspected.
- Test it. An emissions test ensures that the vehicle is operating efficiently, but it also reveals any potential problems the car may have. Avoid spending extra money on a used car by scheduling an emissions test before purchase.
- Consider mileage. The ideal vehicle has less than 50,000 miles. If the car has more than 50,000 miles, consider age and general wear and tear.
- Learn it’s history. Whether you’re purchasing from a seller or a dealer, consider the vehicle’s history. Why is the car being sold? Has it been in an accident? Request a vehicle history report.