Everyone talks about trying to find the right auto loan and with rates as low as they are today, that’s not a problem! Especially if you’re a member of RMLEFCU.
Get Pre-Approved
If you don’t have a pile of cash lying around, you’ll definitely need to take out a car loan. It’s important to understand your monthly auto expenses too. These can be things like payment, insurance, fuel, maintenance, repairs, and registration.
Using an auto loan calculator to figure out what the purchase price would be with a monthly payment should help you figure out your budget.
Getting pre-approved for your loan also gives you more purchasing power at the dealership. The Credit Union Direct Connect (CUDC) secure site will give you access to a full suite of indirect loan and lease origination, decision and portfolio analysis tools.
Research, Research, Research
RMLEFCU partnered with AutoTrek to help our members find the perfect used car. You can go on to their website and browse their inventory and work with an auto broker to find the right car for you. This tool will also help calculate the cash offer or trade in value for your current vehicle.
Which Car Fits Your Lifestyle?
Whether you want a new car or a used car, for the lifestyle question, it’s easiest to start with the broad categories. Would you like a small, medium, or large car?
What will the primary use for your car be? A family car, sports car, city car, off road car, or utility vehicle? Is your car safe? Do you want eco-friendly options?
These are all questions to ask yourself before you begin your search. Auto brokers at AutoTrek can help you find the best car that meets all your requirements.
Test Driving
Test driving the car is an important step to understand the vehicle. You should set aside a morning, preferably on a weekday, when car lots are empty to test drive your top 3 vehicles. Drive your three target cars back-to-back so all your impressions are fresh in your mind and then it’s time to make a decision.
RMLEFCU offers plenty of car buying options and insurance options to best fit your needs. If you have any questions about applying for an auto loan, give us a call at 303-458-6660 or email us at lending@rmlefcu.org. Let’s get you on the road with your dream car.