When you’re looking to buy a car, sometimes the range of different financing and vehicle options can be difficult to parse through: do you want to lease or buy? Do you want to take out a loan or buy a car outright? Of course, making these decisions can also be largely dependent on how flexible your income is, and the access that you have to a loan with a reasonable interest rate. So how do you know which makes the most sense for you? There are a couple of things to consider when making this decision.
Buying a new car can be an exciting process -- but it’s also stressful. There are so many things to consider: from gas mileage to utility, new to pre-owned and of course…the cost. There’s no getting around the fact that a vehicle is a big financial commitment. Thankfully, your friends at HRCCU are here to make it a little easier.
You could be wasting money every month on your car payment without even realizing it. That’s because you – like many other borrowers – may qualify for a much cheaper vehicle loan than you’ve currently got. Your credit union is the place to sort it all out.
Pickup trucks usually command good prices at used vehicle auctions. Dealers reported that 2016 was an especially strong year for pickup resale. But Kelley Blue Book says that things might change this year.
New vehicle transaction prices have reached absurd levels in recent years. In fact, Americans now pay an average of $34,968 for a new vehicle, according to Kelley Blue Book data from January.