Buying a car can be an exciting experience. Deciding what type of car fits your needs the best, picking out the features you have to have – all crucial decisions to make. But have you thought about how you’re going to finance this new car? Here are a few things you need to know before walking into that dealership.
Understanding Interest Rates
Interest can significantly impact the total cost of financing a car. Most loans calculate interest rates using an annual percentage rate (APR), which represents the cost of borrowing over one year. Generally, the lower the APR, the less you spend over the life of the loan.
Leasing vs. Financing
Financing a car means you…
Leasing a car means you…
It’s good to do some thorough research on your desired vehicle and the best rates before you venture into a dealership. Going in prepared can help you get the best price possible for your new vehicle. If you’d like help determining your options for financing or purchasing a vehicle, contact the office.
This material was developed and prepared by a third party for use by your Registered Representative. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. The content is developed from sources believed to be providing accurate information.
What to Know Before Financing a Car
September 14, 2023