Al comprar un auto nuevo, no hay nada más estresante que esperar en la oficina de Finanzas y Seguros para hablar con un gerente. Con todos los impuestos, tarifas y otros costos adicionales del concesionario, este puede ser el momento en que todas tus esperanzas y sueños de conducir ese vehículo nuevo se desvanecen rápidamente al descubrir cuánto te costará.

Auto experts recommend knowing as much as you can about your financial situation Antes de pasar por el concesionario. This includes your credit score, monthly net income, and current debts and liabilities. When considering financing a new vehicle or refinancing your current auto loan, be sure to ask yourself the following questions before making your decision.

¿Es más inteligente para mí arrendar o comprar el vehículo?

One of the biggest decisions when considering a new car is whether to buy or lease. Each side has its set of pros and cons; however, most experts recommend buying rather than leasing as it is a better investment of your money. However, if you think you will be looking for a new vehicle in a few years or don’t have much money for a down payment, leasing may be a better option for you.

¿Cuánto debería ser el pago de mi automóvil?

Every car-buying budget is different, but if you are financing the car you want to buy, you must consider your monthly payment. As a general rule of thumb, it is suggested that your car payment does not exceed 20% of your take-home pay. This rule should include all financed vehicles in your household, whether you have one or ten cars in your garage.

¿Por cuánto tiempo debo financiar mi auto?

The terms of your financing period depend on what you qualify for, of course, but there are a few things to keep in the back of your mind when choosing how long you wish to keep your auto loan. For instance, in many auto loans, the interest rate increases over time. To avoid paying this higher interest rate for an extended period, try limiting the length of your loan if you can afford to do so.

Also consider how much the vehicle will lose its equity over the length of your auto loan. And if you see yourself wanting a new vehicle a few years down the road, it might be best to consider a shorter loan term.

¿Cuánto puedo refinanciar?

Before picking a random price range you feel comfortable with, consider the factors that can aumentar el coste total of your vehicle. Factors such as the finance rate, loan term, value of your trade-in (if you have one), and down payment amount can all affect how much you will end up paying in the end for your automobile. Instead of merely picking a price range, use an online loan calculator to assist you with deciding how much you can afford to spend on your automobile.

¿Cuál es el clima actual en materia de financiación?

Incluso años después del desplome económico, encontrar financiamiento para autos puede ser difícil. Al analizar sus opciones, considere las tasas de interés actuales, los plazos de financiamiento que le ofrecieron y la facilidad con la que puede obtener su préstamo.

¿Estoy considerando todas mis opciones?

Many drivers believe that the only place that they will find assistance with their auto finance needs is at the dealership. However, the majority of drivers have plenty of other options out there to find lending assistance. Consider checking with a third-party company or an online loan tool to fully evaluate all your options. If deciding to go with a third-party provider, make sure they are a trusted site that provides up to 4 loan offers with fast and free service.

¿Debería refinanciar mi préstamo de auto?

It is always a great day to consider your refinance options. With a better economy or credit score, you may qualify for a lower interest rate. If you recently found a better-paying position, you might be able to afford larger payments and shorten your loan length. And if the opposite has happened, leading to financial troubles, refinancing could lower your monthly payments and save you money in the long-run.

Remember to ask yourself the following questions, but also do your own research to ensure that you save as much money as possible and get the best deal when purchasing your vehicle. It isn’t always an exact science, but knowing as much as possible before you head to the dealership could be the difference between losing hundreds of dollars and saving thousands!

Y recuerda, no todos los autos, nuevos o usados, están hechos para durar para siempre. Con el precio actual de las reparaciones, no te gustaría tener que preocuparte por una cuota elevada y una factura de reparación alarmantemente alta en caso de que tu vehículo se averíe. ¡Ahí es donde Endurance puede ayudarte! Puedes obtener un contrato de servicio para vehículos, comúnmente conocido como... garantía extendida del automóvil, with an affordable monthly payment and zero added fees.

Protecting your car has never been so important and affordable. Call us today!