3 Things You Should Know Before Financing Your New Car

February 5th, 2015 by

Financing a Car

The Bosak Honda Michigan City finance team works hard every day to make sure that you leave with one of the best auto loan or lease rates in the area. We go over all of your choices with you one-on-one when you visit us for your next car, and pride ourselves on keeping our customers well-informed. So, we wanted to share threeimportant things you should know before financing a new car. After all, not everyone finances with us, and many other car dealers don’t tell you the whole story.

Three Simple Tips

  1. Leasing is Affordable: We know that there are many drivers who aren’t quite sure how a lease works, and while we’ll be happy to go over all the details with you, the bottom line is that you only pay for the depreciation of the vehicle on a lease and will thus have a lower payment than if you had purchased the new vehicle outright.
  2. Set a Budget: Before you go shopping for your next car, you’ll want to be aware of two different kinds of budget: your spending limit for the car and your monthly budget. After you know what you can afford to spend now and what you can afford to take on in a monthly payment, you can be sure to drive a car that is easy to afford without stressing out over making your payments. And don’t forget to account for auto insurance!
  3. Have Patience: If you ever find yourself feeling pressured into buying a new or used car, remember that you can always come back later. Our finance team is all about serving you, but other dealerships may pressure you to sign paperwork you aren’t ready for. Never forget that you can leave and come back later.

Apply for Auto Financing Now

We figured now would be a good time to sneak in a 4th tip: apply for auto financing online. When you fill out our finance application, it gets sent straight to our finance team, and they will work on putting together different package options for you when you visit us for your next new or used car. Filling out your finance application online is one of the smartest things you can do to save time and effort in the car-buying process.

Posted in Car Buying Tips