Given the economic recovery of the past year, some experts are expecting car and R-V sales to begin rising soon.
If you’re ready to buy a vehicle and will need financing, talk to a local lender before you start shopping around. Your financing options depend heavily on your credit score…generally, the better your credit, the better your terms.
Other details are also considered, however, such as income, the amount of your down payment and current credit obligations. Be sure to ask how the terms may differ depending on the length of the loan and if you’ll be penalized if you pay the loan off early. A little prep work and support from a local bank will get you behind the wheel in no time!