Benefits Of Car Loans

If you think it is time to buy your first car, you should consider buying a car from the Consumer Financial Protection Bureau’s (CFPB) used-car list. In case you need an extra hand, you should also see what Consumer Portfolio Services is all about.

Car buying is one of the most exciting and stressful events in our lives. You can reduce some of your stress by following these guidelines for a smooth process:

-Get educated with tips, tricks, and how-to’s before you start shopping.

-Make an appointment to speak to your local car dealer’s finance manager about getting preapproved so they can help find you the best loan terms. They may be able to offer incentives too! -Find out if there are any rebates or tax credits available from your state (check at IRS) or federal government that would make purchasing new more affordable than used.

*If possible visit as many dealerships as possible without committing yourself to purchase anything until after checking out taxes, rebates and incentives.

-For a used vehicle, make sure it has been inspected by an independent mechanic before you buy it (they will fill out the Carfax report for you). This is so important because your life could depend on whether or not that car starts when you need to get somewhere!

*If possible visit as many dealerships as possible without committing yourself to purchase anything until after checking out taxes, rebates and incentives.

-Look into buying a certified preowned vehicle which typically come with warranties of up to six years/100k miles bumper-to-bumper coverage from original date of sale. These vehicles have been thoroughly inspected at authorized dealer service facilities within 12 months or less prior to delivery.