Good Credit Auto Loans in Snohomish
July 16, 2015
When you begin a search for just the right vehicle, whether new or used, a great deal of time is spent on what kind of auto you desire, all the “bells and whistles” that you can afford, from whom to purchase the car and where. Considerations are also given to manufacturer, vehicle style – truck, mini-van, SUV or auto, recommendations from family and friends, the amount of cash you have for a down payment, budget and so much more. Not a lot of attention is paid to financing, at least at the outset. You are in good shape if you have a positive credit history since there are many good credit auto loans in Snohomish that are available to you. Even if your credit is not quite up to par, financing options abound from a variety of sources.
Shopping for a loan does not need to take quite as long as your auto search since there are not quite as many choices. Questions to ask yourself and the dealer providing the financing include:
- What is the current APR or annual percentage rate? This can change daily. The lower the APR, the more money you can save.
- What is a realistic loan term for your situation?
- It is very convenient to secure financing through the dealership offering the car you want to buy. Since your credit rating is high, will the dealer provide a better deal?
- Note that your FICO score should be on the higher end of a 300-850 range for a more economical interest rate.