Drive into Summer with these Car-buying Tips

If you think the car-buying process is a little intimidating and daunting, we’re here to help you get through your purchase like a pro. Whether you’re buying new or used, arm yourself with information and a game plan before you even step foot on the lot.

Get pre-approved for financing.

Before you even start shopping for that new car, truck or SUV, know how much car you can afford. Pre-approval also enables you to negotiate the price of the vehicle without worrying about financing at the time of purchase.

Beware of zero-percent offers.

Did you know many manufacturers’ rebates don’t apply when buyers accept zero-percent offers from dealerships? Oftentimes, you’re forgoing thousands of dollars in rebates to take that zero-percent offer.

For example, if the loan on a new car is $30,000 and dealership rebates are $4,000, when you take the zero-percent offer, although you pay no interest, you also lose $4,000. When you finance through Hillcrest Bank, you will receive the $4,000 rebates. If we offer 3.49% for 60 months on the loan, the total interest paid is $2,737.08 and you get $4,000! Financing through the bank first can be a win-win!

Clean up your trade in and get it appraised.

Use online tools such as Kelley Blue Book or Edmunds to estimate the value you should receive from a dealership and get your vehicle appraised by more than one dealership.

Check back soon for more car-buying tips. In the meantime, let us help you drive away in a new or used car, or refinance a car you already own with our summer auto loan sale. We’re offering financing as low as 2.49% APR on a 36-month auto loan on vehicles model year 2009 or newer.* Apply today or stop by your local banking center for more information.

-Adrienne L., Marketing Specialist

*Assumes a 36-month fixed-rate term on a $10,000 loan for a vehicle 2009 model year or newer. Automatic payments from a Hillcrest Bank Checking Account required. Subject to credit verification. Rates are subject to change at any time. Rates for smaller loan amounts, or longer terms may be higher. Loan payment and APR can vary based on the loan amount, the term, and any fees. Rates not available for refinance transactions on loans currently held by Hillcrest Bank. All loans subject to approval.

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