Expert Tips on Car Financing

July 22nd, 2024 by

Financing tips

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.

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