Expert Tips on Car Financing

Financing a car can feel daunting – especially if you’ve never done it before. Here are some tips from our Financial Services Manager, Ellen!

• First-time buyer programs are available if you’ve never had a car loan before. 
• Maintain your payment history on credit cards. Missing payments can hurt your credit score and make it difficult to purchase a vehicle. 
• Avoid running your credit multiple times in a short period. It will hinder your credit score and your approvals. 
• Leasing is an option if you have negative equity and don’t drive a lot.
• Cash down can help your approval odds, but it is not always required.

Learn more about financing at Schworer here.