Auto financing can be complicated, and when you’re trying to get the best deal on your dream car, it can also be stressful. Here are some tips on financing that will help make financing a new Accord a walk in the park.
The best way to get a great deal on your loan, monthly payment, and interest rate is to go in armed with knowledge. Know your credit score and what it can do for you; if it’s too low, make small, gradual changes to get it up to a better place.
Plan your budget and factor in the monthly payment, insurance, and maintenance and repair fees. This way you know what you can afford, and you don’t have to worry about being disappointed when shopping.
Save up in advance so you can put down a sizeable down payment, which will reduce your monthly costs and make it easier for you to qualify for a loan and get a lower interest rate. If you already own a car, you may be able to use it as a trade-in, but it could also limit your options if you owe more on the car than it’s worth, so talk to your lender.
Leasing a Honda Accord is another great option. When you lease, you usually have lower payments because you’re paying on an agreed upon amount of the vehicle and not the entire purchase price. The amount agreed upon depends on the amount of mileage allowed in your lease terms and your down payment. Make sure to check out our current Honda Accord specials.
For more information on financing a new Accord, give us a call today at Terry Lee Honda! We can’t wait to get you into your new Honda Accord.