Cars and trucks can be financed by the dealer (with or without special deals) or with credit unions, or banks. It is good idea to get “pre-approved” so you know exactly, how much car you can afford, before you even, look for the vehicle. Barry will coach you on choices.
Leasing can be helpful to business, when the business or individual want to have newer vehicles, with reduced low or no maintenance (many cars and trucks) can be under “factory warranty” during the entire term of the lease.
“High end” cars and trucks as MBZ, Audi, BMW, Cadillac that tend to be expensive, can be leased, with much more affordable payments, than a direct buy.
When you are planning to keep a vehicle for a longer time or drive many, many miles, over normal lease mileage allowances, it is better to directly buy the vehicle.
Length of Term
Choose a term payment contract, that makes payments affordable. If you later decide to pay extra amounts monthly, you could do so, without actually, being burdened or required to, or have to live with the higher monthly payments, every month.
Construct credit with a car purchase:
Car and truck loans are backed by the purchase vehicle (collateralized loan), so generally, these loans are the easiest to obtain. This can be a great way to reconstruct your credit and get a good, “new or newer vehicle”, all, at the same time.
Contact Barry for estimated payments or with any additional questions, that you may have, in regard to obtaining a vehicle.
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