Tag Archives: pre-owned

Tips to Improve Your Car Buying Experience

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Have you been holding out on getting that car you’ve been needing? A large number of drivers have been afraid of going into the dealership due to the recession. They’ve been trying to drive every single mile out of their current vehicle wanting to avoid purchasing a new vehicle because of money and poor credit. For many of those people, that wait can’t go any longer. There’s just no more life left in the old ride. It might be time, but that doesn’t mean you have to be afraid of what your credit score may lead to. We have some helpful tips to help you get the best deal possible.

Have a poor credit score? Time to give it a boost. The higher your score, the lower the interest you can expect. That means you need to take the time to review your score. Make sure that having an inquiry on your report won’t bring it down even more. It may take you sometime to get the undesirable material taken from your report, but it’s well worth the time. Having your score show improvement can make a great difference in what your rate is.

Another method that leads to a much better rate is to increase your down payment. Having more money right up front shows that you’re less of a liability. In case you’re wondering, the industry standard for a down payment is 20 percent of the purchase price. An example is if you’re purchasing a vehicle for $25,000, then the down payment will be $5,000. The more you’re willing to put down at the time of purchase will be beneficial when you need leverage to negotiate for a lower car loan rate.

What about if you’ve done all the homework prior to going in and just can’t find the finances for a new car? You may want to look into leasing a vehicle. Leasing means that you’re not buying the car. That means your rates are more likely going to be lower than if you bought. Another plus of going the route of leasing is that contracts usually only last for 2 to 3 years. When the term is finished, you can go into the dealership and lease a newer vehicle.

Any and all of these tips can lead to a much better buying experience. Make sure that you contact us here at Bayside Chrysler Jeep Dodge. You can view our new and pre-owned inventory online. Like us on Facebook and follow us on Twitter for more tips and deals.

New Cars Remain Affordable!

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New car buyers have some great news for when they decide to head into the dealership. According to a new report, the affordability of new vehicles is stable.

Auto Credit Express breaks down a second quarter report from Comerica Bank. The report is known as the “Auto Affordability Index.” What it does is compare the median income of a family in the US to the price of an average-priced car. They then find out how long it’s going to take to pay-off that cost. This is where the good news comes in for the consumer. On average, it’s going to take that family 22.9 weeks to finance their vehicle. This is about the same that it was in first quarter of 2012. Translation, the prices of new cars remains the same.

New vehicles are continuing to be affordable, which is some great news for people in the New York area. The disaster of the hurricane still remains and numerous people are needing to get cars to replace those lost. We here at Bayside Chrysler Jeep Dodge have a saying that we live by and that’s “We Love to Say Yes.” Need to replace a lost car or just in the market, contact us with your application and we’ll help you get that car you need.

Like us on Facebook and follow us on Twitter to stay up to date on financial tips and other offers at the dealership.

Help Getting a Low-Interest Loan

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One thing that we pride ourselves here at Bayside Chrysler Jeep Dodge is working with the customer to make sure they walk (drive) out of the dealership with the best offer. To that end, we want to help provide that same customer with all the tools they need to be ready for day they need that car. It’s not an easy thing for many people on how to handle purchasing when they have bad credit. Don’t worry though, we’re here to give you helpful tips on just what to do.

The first step should always be to know what your credit score is. With this knowledge, you want to know what the rating needed to qualify for a good credit interest loan is. If you have a score that is close to that rating, then you’ll find yourself in a good position of obtaining that loan. If your score isn’t there quite yet, don’t worry, there’s still things you can do to help.

One piece of advice is to avoid changing your job. That is unless you’ll get a huge improvement on your finances. Having steady employment reflects on your application for a loan and many lenders want to see a consistent work period of 1 to 2 years. You’ll also want to make sure that you’re keeping current on any minimum payments you have. Having negative marks on your credit report can see a vast improvement by showing maturity in your finances.

We have even more advice for you to look at if you have poor credit and are still looking to get into that car you want. We’re always looking to help put you on the road, so come on into the dealership and see how we can help. View our new and pre-owned inventory online at our website. Like us on Facebook and follow us on Twitter for updates on specials offered at the dealership.