There are many things to keep in mind before buying a vehicle such as how much can you afford, which vehicle type best fits your needs, are you going to use a trade-in and more importantly, how are you going to pay for it.

Negotiating Your Deal

When negotiating your sales price, make sure not to discuss trade-ins, rebates or down payments up front. Do your homework & know common terms used by dealers such as Invoice Price, Base Price, MRSP, Dealer Sticker Price and Dealer Incentives. To view possible rebates, check out the website of your favorite manufacture.

When you are satisfied with your sales price, now’s the time to discuss the trade, down payment and rebate. Make sure to get the deal in writing and review it carefully to eliminate unknown or excessive fees.

Contact your HALLCO loan officer for more details or Apply Online for a Pre-Approval.

Financing Your Vehicle

If you are going to finance your vehicle, you have a big decision to make. Dealer financing could be available, however, you may be paying too much in the end. Knowing your buying power is the key to having a stress-free car buying experience. Getting a pre-approval before shopping is a great way to increase your buying power and decrease stressful waiting time in the dealership.

Applying with the dealer can also affect your credit rating. Dealerships send your application to several lenders which could cost you more in interest due to multiple inquiries. Every time a creditor pulls your credit report, your credit score is lowered. To eliminate unnecessary inquiries, do not provide your social security number until you have decided who will be financing your loan.

Why HALLCO????

Choosing HALLCO Community Federal Credit Union as your lender could save you valuable time and money. Your not just a customer, you’re a Member of a very special Non-Profit organization. We are known for our outstanding member service and our loan officers are especially trained to save you money. Let HALLCO serve you today! 

Contact your HALLCO loan officer to discuss your financing needs or Apply Online.