Car Financing Tips

Tips for Financing your Subaru in Milford, CT

There's no getting around it. Buying a new Subaru or used car is a major investment. However, opting for car financing in Milford, CT is a smart way to be able to invest in the vehicle you want at the price you need.

We've included a few financing tips below:

  • Check your credit score. There are plenty of free tools online that will help you determine your credit score. Knowing your credit score is essential when figuring out the best car loan rates you quality for.
  • Get financing quotes. You can start the credit pre-approval process from the comfort of home via our secure, encrypted application. Submitting this form also eliminates a great deal of paperwork typically completed at the dealership.
  • Choose short terms. The short the loan, the lower the interest rate. While this makes for a higher monthly payments, it also means you pay less for the car in interest. Longer loan terms are often paired with higher interest rates, and you ultimately end up paying a lot more than the car is worth.
  • Put money down. If you have exceptional credit, you may not be required to make a down payment at all. However, if you put 20 percent down, you'll prevent owing more money than the car is worth. It's best not to stretch our your financing terms if you can afford it.
  • Pay taxes and fees with cash. While it can be tempting to roll these fees in with your financing, it will assuredly turn it into an upside-down loan. It's best to pay taxes, fees, and extras (like warranties) in cash to avoid increasing your loan.

How to Secure your ideal Auto Loan in Milford, CT

By and large, consider the total cost when you finance the car, not just the money you save upfront, and you'll be all set to invest in a car you that meets your lifestyle and budgetary needs. The finance specialists here at Dan Perkins Subaru can help you determine if a lease or loan is right for you. Feel free to drop by the dealership for a consultation or reach out to our staff at 888-417-9205 for more information about securing an auto loan in Milford, CT.

Dan Perkins Subaru

One Boston Post Rd
Directions Milford, CT 06460

  • Sales: (833) 759-6869
  • Service: (844) 245-4282
  • Parts: (888) 715-4272

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