Auto Financing 101 : Understanding How to Make Good Vehicle Financing Decisions
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Transcript of Auto Financing 101 : Understanding How to Make Good Vehicle Financing Decisions
Auto Financing 101: Understanding How to Make
Good Vehicle Financing Decisions
Brought to you by AWAREwww.AutoFinancing101.org
Before visiting the dealership:
• Determine a realistic price range
• Know the difference between buying and leasing
• Know your credit record
• Compare auto financing offers from multiple sources
1
When shopping for an auto at the dealership:
• Stick to your price range
• Negotiate your finance arrangements and terms
• Understand the meaning and price of optional products
• Read the contract
2
After completing the auto purchase or lease:
3• Make your payments on time
• Be aware of any liens on your vehicle
• Talk to your creditors if you run into difficulties
• Know your obligations
• Realize you can refinance at any time