Welcome to the Van Cadillac Finance Department. We are happy to provide financing for your new car. Sometimes there can be anxiety when buying a new car over your credit score, or other qualifying factors, and we are here to make sure the process is as easy as possible. You can rest easily knowing that we are here to help you every step of the way. Click below to start an application or read about why financing is such a great benefit to shopping for a new car.
There is a lot of hype out there that financing a car is somehow a bad idea. A lot of that hype is put out by people who have never actually gone through the experience of financing a vehicle. They are only talking about things from a theoretical perspective in most cases. Thus, they are not exactly the greatest of resources to use when trying to answer this question for yourself. What you need is some information about why financing a car makes a lot of sense for most people.
Will I Get A Reliable Vehicle And Avoid Repair Costs?
Most likely you do not have the money to buy a brand new car out of pocket. Most people are not carrying around that kind of funding in their pockets at all times. They might have just enough for a cheap vehicle that they could drive around town. The problem with buying the cheaper car is that it is more prone to breaking down or otherwise needing repairs.
It doesn't make a lot of sense to spend a lot of money on repairs if you could get a financed vehicle and have a much higher probability of not having it break down on you. That at the end of the day proves the value of financing a car right there. However, there are even more reasons to consider this option as well.
Will This Affect My Credit?
Do you know what your credit score is? That big (perhaps scary) three-digit number that tells the world what kind of borrower you are. That number is meant to be a benchmark of sorts that shows others your tendencies when it comes to borrowing money. It helps to explain to them if you are the kind of person who tends to pay back the money that you borrow or not. Some people need to work on their scores to get them raised up to help make borrowing in the future a little more comfortable for them. Financing a car is a way that you can do this.
Make the payments on the financed car as you are supposed to and on time, and you will see that this somewhat improves your credit.
Pay Off The Vehicle And Save Your Money
How beautiful it must feel to have a paid off vehicle, which is the best way to get yourself to the point where you can save the money that you were throwing at a car payment towards other things that are important to you as well. Instead of continuing to flush your money down the drain, why not focus on paying off your vehicle and then saving those payments or even investing them? That is just good financial sense.
You could stick yourself with a car that is more likely to break down or require expensive repairs, or you could go ahead and get something that is very likely to be reliable and go with that instead. The choice is yours, but the dollars and cents smart option would be to go with the safe vehicle. Finance the portion of it that you have to for the time being and move on with your life. You are most likely going to be happy with your choice in the long run.