Car Financing, why I believe you SHOULD Finance your First Car!
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- Опубліковано 17 січ 2020
- I regret not financing my first vehicle, but why? In this video I explain why If given the chance, I wouldn't think twice to finance my first car.
Instagram: / lhautostudio - Авто та транспорт
Thanks for this video. I decided to finance my first car. I only had credit for two years and my score is almost at 700. I want to build my credit up and have bigger things on my credit history instead of a little credit card. I also feel like the cars that I could buy in cash are trash and I rather pay more for a used, but newer car that won't break down on me in a few months.
I'm currently in the same boat. My first two vehicles have been paid for in cash, and I decided to finally finance.😂
im in the same boat
I Got A Car With The Help Of My Dad, But Because Of Money Problems, I Couldn’t Pay My Car, But Now That I Have A Better Job With Better Pay, Plus Saving Money On The Side, I Think I’m Planning Of Ordering An S550 Somewhat This Year Maybe
This is honestly something I didn’t know, I just thought that a good credit score was good enough to get approved. But thanks for the info!
I have no credit history and I got approved for 15k for my first car. I’m buying a used car with that and gonna make sure to pay it on time each month and maybe even pay it off early great advice thank you.
What's a good downpayment amount when buying a car that costs 35k
No rule of thumb on that, just put down as much as you’d like to get a payment and interest rate that works for you. Make the dealer work for a better interest rate and never settle, know when to back out. And always buy something you can actually afford without stretching your finances.
@@LuWeiHuang do u recommend a credit union or a dealership's financial institution for financing
harmete dhillon credit unions usually have better rates. Understand that most dealerships send your credit application to credit unions and banks, the same ones that you’d go to yourself. One way to approach it is to get a quote from your own credit union or bank, and dealerships will often match or beat the rate you’re given. When you buy new, you may have to go with the manufactures’s bank to get certain discounts. You trying to buy new or used?
@@LuWeiHuang used thinking of picking up a 2018 mustang pp1
harmete dhillon that’s awesome man! Do all the research, get NADA fair purchase price, know your credit score, and research the average rates you can get with your credit score and the months you’re financing it for. That way you can estimate your payments and come up with a payment that doesn’t stretch your finances, and that is your goal to hit when you negotiate the deal!