3 Things to Keep in Mind When Car Buying
March 29, 2019
Buying a car and negotiating a good price can be stressful, but arranging for a good deal on your loan doesn’t have to be! When people think of car loans, most think of banks and dealer financing – but Greater Iowa Credit Union offers the best, most flexible terms and the fastest loan process that’s available. We can help you find the right car for the right price!
If you are considering purchasing a car soon, keep the following things in mind:
- Start by sitting down and going over your finances to decide how much you can afford on a monthly car payment. Will you be putting money down as well? It’s not always necessary but it may help lower your interest rate and your monthly payment. Taking these factors into consideration will help you be realistic about what you can afford.
- If now is the right time for you to buy, come to Greater Iowa Credit Union to get pre-approved for a loan! Pre-approval gives you one less thing to worry about when you find the vehicle you want. You’ll also feel more confident knowing your price range and what you’re looking for! The rates that GICU offers on auto loans are lower than those offered by most banks and car dealerships in the area. Common sense dictates that you’ll want the lowest interest rate possible regardless of whether you’re buying a new or used car. After all, the ultimate goal should be to pay off your car with the least amount of money in the least amount of time.
- When you’ve decided on the car you want to purchase, negotiating with the dealership may help save you 10-20% on the price. Maybe you’re also trading in an old vehicle. Do some research beforehand to know what your car is worth so you get a fair trade-in value. Negotiating the price and knowing your current car’s value may help to take a little more off your monthly payment.
To inquire about how GICU can put you in the drivers’ seat for less, call 800.296.9064 today or stop in to one of our branch locations! To check out our current auto loan rates, click here. We’d love to help you find your next vehicle!