Next to buying a house, buying a car will probably be the most expensive purchase you ever make as a consumer. Whether you’re thinking new or used, import or domestic, there are a lot of choices out there. Make your choice of Auto Loans easy with an Auto Loan from First National Bank.
We can’t pick your car out for you, but we can help you answer a lot of important questions before you ever walk onto a car lot. Wouldn’t it be nice to know how much car you can afford before you take your first test drive? What would be your monthly payment for a new car? Or a used car? What kind of interest rate will you be able to get based on the kind of car you want to buy? A Blue Diamond Auto Loan expert from First National Bank of Arenzville would be happy to sit down with you to discuss your automotive needs. We can analyze your finances, give you an idea as to what kind of loan you might qualify for and show you a comfortable payment range. We can even answer questions about leasing vs. buying and new vs. used when it comes to your finances.
A lot of people believe the financing happens at the end of the car buying process. At the First National Bank of Arenzville, we think it makes the whole process better if you work out your financing first. You’ll have a chance to discuss budgets, rates, down payments and repayment options. A good ‘rule of thumb’ for a car payment is a monthly amount that is less than 20 percent of your take-home pay. To get an idea, divide the amount of your monthly paycheck by five. That’s about where your car payment should be. How much car will that buy you? Find out using our handy loan calculator. Of course, everybody’s situation is different and things like your credit rating and the current amount of debt you might have will affect your final loan amount.
Once you’ve discussed your Auto Loan options with a Blue Diamond professional, you’ll be able to shop with confidence. It’s a great feeling to walk into a dealership knowing how much car you can afford and what your monthly payment is going to be BEFORE you make your purchase.
Want to find out more about an Auto Loan from First National Bank? Just drop us a line by clicking here or give any of our Blue Diamond Auto Loan Experts a call during regular business hours.