Back to School auto buying tips

The thought of buying a new car – whether it’s for you, a spouse or a child going back to school – is fun and exciting.
 
Don’t fall into the trap, however, of only researching the car you want to buy. Unless you’re paying cash, buying a car requires a two-pronged research process of equal importance: the car and the financing.

At Del Toro auto Sales, we encourage our customers to do their homework before they buy to ensure that both the vehicle and the financing are right for their needs and budget. Before you buy a car, you should fully understand the cost of ownership – for both the vehicle and the life of the loan.
 
Consider these tips help you get the best auto loan for your new wheels:

Ensure Your Credit Score is Accurate

It’s an exaggeration to say that your auto loan’s affordability starts and ends with your credit score, but it’s not too far from the truth. (Other factors are taken into account: loan length, year of vehicle, loan-to-value, and vehicle mileage).
 
Why does your score matter? In 2016, according to Experian, a borrower with a score above 725 had an average car-loan rate of 3.55%. If the score was below 700, the average rate was 6.3%. Depending on the amount and the length of the loan, a higher rate can mean thousands of extra dollars.
 
Make sure your credit report is accurate for your best credit score. Visit AnnualCreditReport.com – created by credit reporting agencies Equifax, Experian and TransUnion as a one-stop-shop for providing your annual credit reports – to check for accuracy. Or stop by Del Toro auto sales in Auburn and we’ll review your credit report, and your credit score, for you in a No-Cost Credit Review.

Get Pre-Approved
 
Take the uncertainty out of how much car you can afford. Get pre-approved for your loan. Visit our website at Del Toro auto sales and apply online in just a few minutes. It’s important to fully understand the cost of ownership for the life of your loan and vehicle. Why? Because if you overpay you’ll have less money to devote to building your financial foundation for the future. While a monthly payment impacts your budget and what you have left to spend on other things, making a smart decision on how that one transaction relates to your overall plan can change the quality of your life in the future. We at Del toro auto sales are committed to sale you a used car in the best shape posible and get you the best financing available to you.


Trade in your vehicle at Del toro auto sales

If you don’t currently have an auto loan or your vehicle is worth more than you owe, then you have equity in your vehicle. You can use this to your advantage when buying a car! Equity in your current car, truck or SUV can be applied to the cost of your new car when you trade it in, reducing what you owe overall and lowering your payment.
 
By doing your homework, you can make the auto buying process easy and save money! To learn more, and find out how you can savhttp://www.deltoroautosales.com/
e with an auto loan from Del Toro auto sale in Auburn . call us by phone, 888-324-2978, or visit