How to Secure the Best Auto Financing Loan From Speedway

Agreement10 Steps to Securing a Sound and Flexible Auto Loan

There are 10 essential steps to securing the loan you want at a great rate:

  1. Apply for financing first – Getting pre-qualified for a loan lets you know how much a loaner will be willing to loan you before you start negotiating.
  2. Don’t apply for financing until you’re ready to shop – Repeated finance inquiries can have a negative impact in your credit rating.
  3. Get a free copy of your credit history – Ordering your free annual report will let you see what lenders see and allow you to address any errors before you go car shopping. They’ll also give you an idea of how much negotiating power you have in securing a lower interest rate.
  4. Focus on the total loan amount – Concentrate on the amount borrowed, not the payments; this will keep you from extending the contract terms and accumulating more debt.
  5. Ask for the best rate – Research the lowest rates in your area and arrive at your lender ready to negotiate for the best terms.
  6. Know a good – Know which special offers will really save you money over the course of your loan, and which ones are bating you into a contract you can’t afford.
  7. Read your contract – Make sure that everything you agreed on is included and that there are no errors in the contract.
  8. Do the calculations – Do the math when you get the final contract to ensure there have been no mistakes and everything adds up as it should.
  9. Don’t leave without a final contract – Terms like “conditional” or “contingent” in your contract mean that terms can change. Whenever you see these words, always ask your finance counselor to explain.
  10. Check your Lender’s reputation – Not all lenders are like Indy Car Financing. If you’ve chosen another lender, make sure you search for reviews on the internet, so you can know you aren’t going to be manipulated into an agreement you can’t afford.

How Our Credit Counselors Can Help You

Our Finance counselors can help you learn about your options, including any rebates and incentives you may qualify for, so you don’t pay a dime for than you have to. To get started, all you have to do is apply for financing right from the comfort of your home, and our counselors will get in touch with you to start negotiating a payment plan that suits your unique needs, regardless of your credit rating.

Choose Indy Car Financing for Trustworthy Auto Financing in Speedway

Trust Indy Car Financing for convenient and honest auto financing loans for Speedway shoppers. Call (866) 950-6810 or visit us online to speak to one of our financial experts or drop by Andy Mohr Speedway Chevrolet at 5252 W 38th St, Indianapolis, IN.

Other Finance Questions? Visit Our FAQ Library