Purchasing a car can be a daunting task. However, investing in one’s own personal mobility is an absolute necessity for many people. The freedom and independence cars provide are impossible to put a price on. Nevertheless, these vehicles do have a price, and it can be an intimidating one. With the right approach, though, people can find it surprisingly manageable in the end — regardless of their credit. These three tips make for a much more financially attainable car buying experience.
- Go to used car dealers
There is a reason that for the past seven years used vehicle sales have been steadily on the rise. According to a calculation by Nerdwallet, based on the average lifetime ownership of 13 total cars, a person who purchased cars which were only three years old would save about $130,000. This is an absolutely massive difference compared to buying new cars which will perform very similarly to their briefly-used counterparts. - Take measures to maximize your credit score
Here at Auto Sales and Service, we are happy to work with individuals who have struggled with their credit. Improving your score in the months leading up to your purchase can never hurt, though. To achieve the best credit score possible in your time frame, make sure to make payments on time and to use no more than 30% of your available credit, if possible. This will help you to get the lowest possible APR if you choose financing options for your car. - Consider trying to pre-qualify for a loan
Scheduling a meeting with your credit union or bank prior to visiting the used car dealer can give you extra peace of mind regarding how you will finance your vehicle. If you are a member of a credit union, or if you have had a relationship with your bank for a long time, it is likely that you will be able to pre-qualify for the loan you need.
For a dealership that offers pre owned cars at competitive prices regardless of credit history, visit Auto Sales and Service in Indianapolis, Indiana. There, you can find everything from service and repairs to help with financing, as well as an impressive array of vehicles to try out.
