Routing Number: 262083881

Planning

Preapprove Your Way to a Better Car Deal

Buying a car can be a very overwhelming process. It’s so easy to get lost in all of the numbers at the dealership and end up paying way too much for a vehicle. Don’t let yourself fall into this trap.  There are a few things you can do in advance to ease your mind and put yourself ahead.

Before you even set foot on a car lot, figure out your budget – both in total dollars and per month.  The last thing you want to do is be in over your head with a car payment that you can barely afford.  Your budget should include allowances for insurance, gas, and maintenance.  Next, do your homework to find out which cars in your price range are mechanically reliable and what your insurance will cost for those vehicles.

Then, it’s time to get preapproved for an America’s First Auto Loan.  Getting preapproved has big advantages:

  • You know what kind of auto loan rate you qualify for beforehand.
  • It shows the car sales staff that you’re a serious buyer.
  • It removes the pressure of negotiating financing contracts at the dealership.
  • You can stop thinking about money and focus on finding the right vehicle.

A smart person will find two cars at two different dealerships and compare those two sellers against each other.  Prices tumble when real negotiating begins.

So, give yourself the upper-hand and get preapproved today. If you have questions, visit your nearest America’s First branch location or call 800.633.8431.

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