Five Tips on How to Get the Best Interest Rate When Buying a Vehicle:
It can be nerve-wracking to think about how to finance your vehicle. You know you want a good loan but aren’t too sure of how to go about it. Our advice, is that you do your homework and look around before settling on anything.
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Find Out Your Credit Score: Find out what your score is because if you don’t know your score, you may get a higher interest rate than you actually qualify for.
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Understand What Your Score Means: If you have a high score you will get the best low-interest rate, if you have a mid-range score you will get a middle-range rate and low rate will offer higher interest rates. Knowing where you stand will help to prevent surprises.
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Research Interest Rates: Know what kind of interest rate will be made available to you. Keep in mind that rates vary widely depending on the type of financial institution you are looking at.
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Keep an Eye on a Loan’s Total Cost: You want to balance a loan’s total cost against a monthly payment you can afford. Sign up for the shortest term length you can afford to keep you total interest lower.
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The Car You Are Buying: Are you buying new or used? New car rates are often the lowest.
The team at Legacy Ford Rimbey wants to make sure your car buying experience is a good one. You need to prepare yourself to ensure you get the best possible financing for your dream vehicle.
Sales Team
Legacy Ford Rimbey