There aren’t many people who can walk into a car dealership and pay for their next vehicle with a wad of cash. In fact, the overwhelming majority of car buyers need to finance their purchase in order to afford a good car. If you are financing your next vehicle purchase, here are some tips from your Nissan Sentra San Jose CA dealers to help make the process go smoothly.
Know Your Credit Score
Many car buyers show up at their local dealership with the hope of purchasing a vehicle. Unfortunately, many of them are turned down because they have a bad credit score. And even if they are approved for an auto loan, their credit score could require them to pay a much higher interest rate than someone who is more qualified. Before you go shopping for a new or used car, find your credit report. If your score is low, you should take a few months to pay off some debts and increase your score. Otherwise, you might have to walk out of the dealership empty handed because your score isn’t satisfactory.
Have a Budget in Mind
If you go to your Nissan Sentra San Jose CA dealer to buy a car without thinking about your budget, you could end up spending more than you can actually afford. Many finance experts suggest that your car budget – including insurance, fuel and maintenance – should not exceed 20 percent of your income. Do some calculations to see how much you can realistically afford and stick to it when you go shopping for your next vehicle.
One of the best things you can do before you go to the auto dealership is to get your financing approved in advance. This gives the consumer more negotiating power when it comes to discussing price. You can get pre-approval from the dealership before you begin shopping for your next vehicle. You’re more likely to get a better interest rate if you have financing prior to making your vehicle purchase.
Know the Current Interest Rates
Interest rates for loans are always changing. When you decide to shop for a vehicle at your Nissan Sentra San Jose CA dealer, you should know what the current interest rates are for the general marketplace so you can tell if you are being offered a fair rate. You can find websites that have comparison tools for the current interest rates so you have a better idea of what to expect when you get to the dealership.
When you shop for your nissan sentra in San Jose CA at Stevens Creek Nissan, you can expect to get treated fairly. Our sales representatives take pride in delivering 100 percent customer satisfaction so you can shop at our showroom with confidence.