Cincinnati used car financing


When it's time to purchase a new or new-to-you vehicle, it pays to be a savvy shopper who's always on the lookout for car loan that will save them the most money in the long run. At our Cincinnati used car dealership, we open our doors to those with challenging credit and look forward to working with them. Before you come in, though, here are some great tips on how to get the best car loan!

Timing is Everything

Time should be a huge factor when you're browsing for a loan. Keep these things in mind:

  • The APR (annual percentage rate) changes daily. Waiting a little longer for that lower rate could save you hundreds of dollars a year. The APR should be the primary focus when you're on the hunt for that low-cost loan that is more affordable in the long run.
  • The shorter the loan, the more you'll save. You'll pay a higher monthly premium, but by paying less interest because your loan is shorter, you will save a hefty amount of cash.
  • A long term (usually five year) loan also has an impact on the equity of the car. If you take out a longer-term loan, it may be over a year before your car is worth more than you owe on it, but with a shorter one (three years), it's easier to build up equity in a shorter span of time. Your down payment is also a factor in the vehicle's equity.

With our dealership's dedicated experts at the helm of our financing department, we want you to drive off in one of our top-quality used cars, trucks, vans, or SUVs that you just can't live without. We understand that life can throw you curveballs. Here is a breakdown of the documentation and details you'll need when you arrive at our dealership ready to take out an auto loan.These simple steps can help you get back on the road in a great car you love!

If you have any more questions, don't be afraid to contact our dealership online or call us at (877) 803-1189. We're here to help!

Categories: Finance