At Jaguar Bellevue, we believe the Jaguar financing process should be smooth and easy, so you can focus on picking out the vehicle you love. That’s why we offer the tools and resources you need to finance your next vehicle. Learn how to set a budget for your new car and begin the financing journey at our dealership today.
Decide Between Buying and Leasing
You have two main financing options to pick from when it comes to a new car: buying and leasing. Leasing will help you save money and will give you access to the newest models on the market. Buying, or financing, will give you greater control over your vehicle and how you drive. The best practices for financing will vary between the two, so you want to decide which method is best for your needs.
Check Your Credit Score
Your credit score is one of the most important factors to consider when it comes to vehicle financing. It tells lenders how reliable you are to lend money to, which is why a high credit score is typically required to lease a vehicle, and why higher credit leads to better financing options. You want to check your credit score early in the financing process, so you know what type of loans are available to you.
Use the 20/4/10 Rule
If you’re just not sure where to begin when it comes to vehicle financing and budget, the 20/4/10 rule can be very helpful. It recommends that you put down 20% of the vehicle value on the day of purchase and that you pay the vehicle loan off within four years. With the 20/4/10 rule, you’ll want to spend no more than 10% of your monthly income on transportation costs.
Get Expert Jaguar Financing in Bellevue, WA, Near Seattle
No matter what your vehicle financing needs may be, Jaguar Bellevue is here to help. We make it easy to find the car you love, at the right price to fit your budget. Get started with support from our expert team!
Categories:
Finance