Now is a great time to finance a new vehicle, as interest rates remain very low. Taking out a loan for a new vehicle can be a little intimidating, particularly to young car buyers, but it doesn’t have to be. Butler Chrysler dealers have a few tips for consumers who want affordable financing for a new Chrysler.
- Shop around. Visit several banks and credit unions, and also talk with your car dealer’s finance department to find the best interest rate on your car loan.
- Beef up your credit rating. In the months before you purchase a vehicle, work to improve your credit rating. Pay all bills on time. Also try to pay down credit card and other debt you may have.
- Avoid long term loans. While the lower payments may be tempting, the fact is that you’ll pay much more for your vehicle over the course of a seven-year loan, than you will for a four-year loan. Bite the bullet and make higher payments, now, to avoid losing out in the long run.
- Set a budget. Know how much you can afford to pay for a car, and how much you can make in monthly payments. Having a good grasp of your price range will help you make better decisions when financing a vehicle.
To learn more about financing a new Chrysler, visit Precision Chrysler Dodge Jeep Ram in Butler. Learn more about the dealership by calling 1-888-313-2410.
