How to Find the Best Auto Loans in Lynnwood

January 24, 2017

auto loans in LynnwoodFinding the best used car can be quite a job. It can be so time-consuming that car shoppers tend to forget to browse for the most affordable auto loans in Lynnwood. Often, you can find a great pre-owned vehicle and finance it right at the dealership. Here are 5 recommended considerations that you need to observe before signing your used car contract:

  1. The loan’s total cost is more important than the APR or annual percentage rate. The APR changes daily while a lower interest rate can reap significant savings over the term of the loan.
  2. Keep in mind that a longer loan term does lessen monthly payments but a shorter loan, although monthly notes are higher, does save more money in the end.
  3. The higher the down payment or amount of trade-in, the less you have to pay over the length of the loan. Fifteen percent of the total vehicle cost is a good idea.
  4. Most dealers are happy to work with you to find the best financing options for your situation. Car loans with any credit are available if you do your research ahead of time.
  5. Browsing the internet to look for potential vehicles and financing before you shop can save you a great deal of money. Take the time and you will be glad you did.

Be sure to stop by Fresh Start Approval to look through our used car inventory and ask us about our auto loans in Lynnwood. Call us at (888)348-3290 to learn more about our business and how we can help you drive away in a quality used car today.