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Auto Financing & Auto Insurance
Type in “auto financing” on any search engine and the list is endless— whether
you have good credit or bad credit, someone out there is willing to finance your
car for a price. Similarly, if you search for auto insurance companies, you’ll
find many that offer you auto insurance coverage— no matter what your driving
record is like.
Car dealerships try to simplify the car buying process as much as possible to
encourage people with good credit to buy from them. However, even if your credit
is less than perfect, some dealerships may still work with you to get the sale.
Keep these things in mind when you’re looking for auto financing for your
vehicle:
If a deal sounds too good to be true, it probably is.
Zero-financing and other offers may not apply to you unless you have excellent
credit.
Some car dealerships that arrange financing mark up their rates by 2 or 3%,
which can cost you thousands of dollars more to pay back. According to the
Consumer Federation of America, marked-up dealer financing affects 1 out of 4
people— and it’s perfectly legal!
How can you get the best deal on auto-related costs, like financing and auto
insurance?
Use the Internet to research prices, which will help you negotiate the best
price. Web sites like Yahoo! Autos and The Motley Fool can help you figure out
vehicle prices and financing.
Never be afraid to leave a dealership or seek another bank or credit union to
handle your financing. All of these companies compete for your business— so you
should never feel pressured to buy.
Obtain a copy of your credit report that includes your credit score and use it
as a bargaining tool.
Apply these same principles when you shop for auto insurance. Shop around and
always look for the best deal. (You can't put a price on loyalty!)
Esurance makes it easy to shop around. Find out if you save with us when you get
your auto insurance quote today!
In addition to great rates and reliable coverage, Esurance has tools and
information to help you understand your auto insurance coverage better. Use the
Esurance FAQ for answers to your auto insurance-related questions. Get a
customized report from our interactive, auto insurance planning tool, the
Esurance Coverage Counselor to see which levels of coverage suit you best. |