Loan Tips & Suggestions
Loan Tips | Suggestions
Buying a new car? Do not be fooled by the 0% financing offered by many dealers!
In most cases it is 0% financing money rebate. However , when you compare the options of 0% at full price versus financing after the rebate, there is usually greater savings when the rebate is taken and the vehicle is then financed with FSNB.
Call us for a comparison quote
Do your research!
Have a mechanic look at the vehicle before you purchase it.
Know what the vehicle is worth and what your trade is worth. www.nadaguide.com can help.
The vehicle could be a salvaged vehicle from a flood, theft or fire. Ask yourself, "What is wrong with this vehicle?". You may request a CarFax from the dealer on a used vehicle.
Do not be misled by low interest rates, cash back, and rebates. Make sure you know "how it all works" before you sign anything.
Do not discuss a trade in or cash until you have a firm purchase price.
How much will insurance cost on the new vehicle?
Is there a warranty on the car?
Talk to your friends, neighbors, or Better Business Bureau about local dealerships.
Make sure that you choose the vehicle that you want instead of letting the sales person sell you one that he wants to get rid of.
Do not take the car home for the weekend. Think about it over the weekend and ask yourself, "Can I afford it?" and "Do I really need it?"
If you purchase from a private owner what will be the cost of the title, taxes, and tags? These will be your expenses now.
If you are on active duty, read the contract carefully. The terms may not allow you to take the vehicle out of country if you receive overseas assignment instructions.
How much can you afford to pay? Remember in addition to your monthly payment, you are responsible for the cost of full coverage insurance.
Talk to a loan officer at FSNB for advice. The sales person works for commission and may not have your best interest in mind.
Call FSNB before, during, and when you are ready to finance for assistance or advice.