Hardin County Honda - Finance Basics
Especially for first-time car buyers, financing your vehicle purchase can seem like a daunting task. However, with research and planning, you’ll find that financing your next car doesn’t have to be a difficult or confusing process. Read on to learn more about the basics of vehicle financing.
Finding the right car for you
The financing process begins with finding the right car for you. When shopping for a new car, it’s important to balance your vehicle needs and wants with your current financial situation. As you shop around, try to find something that meets all of your vehicle needs and is exciting to you while making sure it doesn’t come with a price that isn’t practical for you.
Understanding credit score
Your credit score is a number used by lending institutions to assess the amount of risk related to giving you a loan. The better your credit score, the more comfortable your dealership or bank will be with giving you a loan, which usually translates into more favorable financing terms, including down payment amount and interest.
If you’re credit score is not as high as you would like, there are plenty of ways to improve it, such as reducing your overall debt amount and staying on top of timely monthly payments.
Financing through dealership vs other lender
Once you have a good idea about the car you want and your current financial situation, you’ll typically finance either through your bank or a car dealership, and each comes with added benefits. When financing through you bank, you may have a history of trust that can improve your experience.
If you decide to finance through Hardin County Honda, on the other hand, you can enjoy the convenience of having the entire buying process taken care of at a single location, and benefit from the many perks afforded by our extensive network of financing options.
Monday9:00am - 7:00pm
Tuesday9:00am - 7:00pm
Wednesday9:00am - 7:00pm
Thursday9:00am - 7:00pm
Friday9:00am - 7:00pm
Saturday9:00am - 6:00pm