Car Financing Tips from Hare Chevrolet

Feb 23, 2010

Car transactions are as diverse as the market. If you’re interested in buying a Chevrolet Impala, for example, you might choose to lease, buy new or look for a recently used model. In the same way good car buyers take a close look at the cars available from Indianapolis Chevrolet dealers, you should also consider your financing options just as carefully. Banks may offer similar financing terms, but you shouldn’t accept the first interest rate you get. When shopping for cars in the Indianapolis market, try some comparison shopping for interest rates and terms the same way you shop for the car itself.

You may rely on your current bank for an auto loan, but when was the last time you compared financing terms? Find out what terms are available from Hare Chevrolet—can your bank offer the same deal? You’ll discover more competitive interest rates through comparison shopping—or at least find someone willing to work with you to get better terms. The right deal on interest rates, down payments or the length of the loan could give you some room in your monthly car budget. You should also compare the interest rates for buying to the terms of a Chevrolet Impala lease. Which is better? You might be surprised, depending on your needs and driving habits.

When comparing terms, be sure to check three important areas—the interest rate, the length of the loan or lease agreement, and the size of your down payment. Larger down payments mean lower monthly payments for car purchases, and a shorter loan means less paid in interest. Any savings you can find will help your car budget. Could you get more car for your money with more competitive terms?