Car Buying Education from USSFCU
While some consumers are able to pay cash for their new vehicles, most consumers use financing. Understanding the loan process and knowing your choices will help you save money.
Since no two used cars will be exactly alike, take some extra time to research your choices carefully. You’ll want to verify not only the quality of the used car itself but the dealer too.
A lease is a contract in which a new car is loaned to you for a specified time period, ranging from six months to five years. If you want to have a new car every few years, then leasing might be the way to go; however, it may cost more than purchasing a car in the long run.
All dealerships pay the car manufacturers the same price for the cars they sell, but dealerships with a better customer satisfaction index (CSI) rating often receive bonuses that allow them to offer customers even better prices and deals. Here are a few tips you can follow to ensure you get the best price available.
Whether an auto collision is your fault or somebody else’s, your auto insurance coverage should help you. How much it helps, however, is up to you and this is determined by the combination of options that comprise your insurance policy.