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