Planning Ahead Takes Pressure Off When Buying a New or Used Auto
It's the time of year for auto makers to offer great incentives on the purchase of new vehicles. How can you be sure you're getting the best deal and save money on your financing? Plan ahead. Before you visit the dealerships, talk to a Coosa Pines loan officer.
Your Coosa Pines FCU loan officer can help you:
► Determine what you can afford
Knowing exactly what you want to pay for a vehicle and can afford will save you time by leading you straight to the vehicles in your price range. With a low interest rate from Coosa Pines -- rates currently start at just 3.00% APR* -- your qualifying monthly payment may be lower than you expect, giving you more purchase power. Talk to a loan officer to find out what rate you would receive and how the rate will affect your monthly payment.
► Take the lead with a pre-approval
Arranging financing with the credit union before you visit the dealership is like having money in your pocket. By taking financing out of the conversation, you'll not only save time, but also have the upper hand when negotiating price. This way you can bargain for a dealer discount based on a cash sale.
► Take the pressure off
Forward thinking your financing takes the pressure off when dealers offer you their special low-rate financing (based on a higher sticker price). The dealer may also be offering rebates. Prepare yourself by researching rebates and doing the math ahead of time. Often you'll find it's best to:
• Use the rebate as part of your down payment.
• Negotiate a lower sticker price as a "cash" buyer.
• Use the financing you pre-arranged with Coosa Pines.
*APR (Annual Percentage Rate) based on individual credit worthiness, vehicle model, and loan term. Quoted rate is our lowest rate offered. Rates vary and may change without notice. Certain restrictions apply. **Payment and interest amounts are estimated for this example. Estimates do not take into account future actions such as add-ons and payments skipped. Please contact a Loan Officer for complete details.