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Apr 8, 2022

With the cost of living going up, many people are looking to make the most of their hard-earned dollars. If you’re ready to get a car loan, you should do your research before making a decision. In addition to using the online calculators on the website, you should speak to the highly qualified salespeople at the Chevy dealer. They can let you know how to get the best car financing deals available.  

1. Come Prepared 

Millions of people default on their loans every year, and as a result, they put their credit score and assets at risk. To prevent this from happening to you, you should always go through your budget to make sure you can afford your car loan. Check your current income and expenses, then calculate how much you can spend on your vehicle every month.

Once you have a figure in mind, you can use the payment calculators on your dealership’s website to figure out what kind of car you can buy. There are numerous new and used options available, so you’re sure to find something that suits your tastes and budget.

2. Sell Your Old Vehicle 

Car buyers use various strategies to lower their monthly payments and the total amount they pay for their vehicles. One of the best ways of saving money is to offer the dealership a sizeable down payment. Not only does this reduce the loan amount, but it also shows that you are a serious buyer who is committed to their vehicle.

If you don’t have a lot of money available, you may still be able to put together a down payment by selling your old vehicle and putting the profit towards your new Chevrolet. Now, this is easier than ever because we have partnered with Kelley Blue Book, a company that can offer you a fair amount for your old vehicle.

3. Take Advantage of the Dealer’s Expertise 

There are so many cars and financing deals out there that it can be extremely confusing. If you’re not sure which option is right for you, don’t hesitate to get in touch with the experts at your local dealership. They can help you sort out your finances, find the best loan for your individual situation, and choose a car that suits your needs but doesn’t put your finances at risk.

There are many ways to contact us. If our offices aren’t currently open, you can send us a message via our contact form. We are open from Monday to Friday from 8am to 7pm and on Saturday from 9am to 4pm, and you can call us or stop by during those times. Our salespeople will be more than happy to show you what cars we currently offer and answer your questions about loans.

Financing your brand-new Chevy doesn’t have to be expensive, especially if you do your research and analyze your financial situation before you purchase your vehicle. To further reduce the amount you pay, you can sell your old vehicle and ask the salespeople at the local dealership about special deals. Call us now at Service Chevrolet Cadillac in Lafayette, LA to begin your car-buying journey.