Whether or not you have a good credit score will directly affect what interest rates you'll be offered when financing a vehicle purchase. Lending agents use a buyer's credit score to determine how likely they are to follow through with repayment. With a good credit score, lenders assume you will pay them back as agreed, and with a low or nonexistent credit score, lenders assume there is more risk associated with lending to you.
Here at Miller Auto & Marine, our auto technicians are typically behind the scenes. They're usually busy ensuring your vehicles are operating in tip top shape and diagnosing the source of that peculiar rattle you only hear during left turns. But for all that they do for our company and our customers, our Miller Auto Techs deserve a little time in the spotlight. Today, I'm featuring a Miller technician who's been serving up a 5-Star Experience for the past eight years: Michelle Bunnell.
Buyer's remorse is one of those unfortunate experiences some people go through after major (or minor) purchases. You may have even experienced it yourself. Imagine a time when you made a purchase decision, only to reflect on that decision later on and wish you'd done something different. That's buyer's remorse in a nutshell. Now, while this feeling is completely natural, there are ways to protect yourself from it.
The car you want and the car you can afford are often very different things. Not everyone has the kind of income to buy a new vehicle at a moment's notice. In fact, most Americans do not have the luxury (or budget) for such purchases.
Regardless, you can still get into the best possible vehicle for your budget. I'll share a few tips and strategies for determining how much you can afford to put toward a vehicle purchase. This will help you narrow your options when working with a dealership or independent seller.
When you hear about being "upside-down" or "underwater" on a car loan, that's in reference to negative equity. Negative equity on an auto loan means that the buyer owes more than the vehicle is worth. Since vehicles often depreciate faster than they are paid for, vehicle buyers often go through a period of negative equity at the beginning of their loan term.
When it comes to purchasing a vehicle, there are two popular options: leasing and buying. Both options come with their own benefits and drawbacks, so when you think about leasing vs buying a car, it's less about which option is the best and more about which option is the best for you.
When you enter into a car loan, you will have a set number of months to pay off the full balance. While it's perfectly normal to make regular payments and finish paying the loan back throughout the full duration of your loan, more and more vehicle buyers are finding ways to pay that balance back faster - and reap the benefits of doing so.
Staying safe out on the road comes down to more than vehicle safety ratings. Cars, trucks, SUVs, and other vehicle types all share the road, and arriving at your destination requires cooperation. And that means you, the driver, have a responsibility to abide by the rules of the road too. Think back to a time where you've seen a driver who is not paying attention or following the rules of the road - at times it can be pretty frustrating. Today, I'm covering some of Minnesota's most common traffic violations and sharing tips on how to keep yourself, your passengers, and other drivers safe.
With 43 percent of vehicle owners choosing to finance, financing your car is the most popular path toward ownership. For many individuals and families, financing is more accessible than paying the full purchase price upfront.
Despite the popularity of financing, many people are without a clear understanding of how it works. In order to clear up any misconceptions and ease concerns, I’ve answered some of the most basic questions about financing your vehicle purchase.
Phone: (844) 966-8900 - 9:00 PM
Phone: (844) 966-8900
Phone: (844) 361-8146
Phone: (844) 361-8146
Phone: (844) 361-8147