Take Your Stress Out of Auto Financing

TAKE YOUR STRESS OUT OF AUTO FINANCING www.greensburghyundai Homework for Hassle Free Auto loan 1. DETERMINE THE AMOUNT YOU CAN AFFORD M Calculate the amount of money you can afford before starting to look for a vehicle. M Measure the affordability using a payment calculator Tidbit 1: Do you know some experts worry that people will owe more than their equity in cars? 2. STICK TO THE BEST LOAN TERM M Make the monthly payment higher and total less with shorter term loans. M The longer the car loan, the more interest will be paid over the life of the loạn. Tidbit 2: Most short-term loans are often STOP repaid much more quickly than long term loans. Greed 3. MAKE THE PURCHASE WITHIN PRICE RANGE Base your purchase decision within affordable price range Tidbit 3: Your monthly auto loan payment should not be more than 20 percent of the money you have available each month after you pay for your usual living expenses. 4. INCLUDE EXTRA EXPENSES Don't forget to add extra expenses like projected fuel, maintenance and insurance costs. Tidbit 4: Did you know extra expenses include fuel, insurance, financing, maintenance and repairs? 5. SECURE THE BEST DEAL Shop around to find the best deal available on both the vehicles and the interest rate on loan. Tidbit 5: Even if you qualify for the Ox rate, you can save even more money by negotiating your vehicle's final price, and taking advantage of any additional offers. 6. ASSESS YOUR CREDIT M Credit scores affect more than credit, so have a copy of your credit and be prepared to have your credit history searched. Great Credit Tidbit 6: Repairing bad credit is not quite as simple as repairing your car or a broken vase. It can take years for your credit score to bounce back from a delinquency CREDIT REPAIR AN INFOGRAPHIC BY www.greensburghyundai.com HYUNDAI of Greensburg