Working with the friendly finance experts here at our Acura financial center is often a necessary step to drive off our lot in your dream Acura model. Making the right financing decisions can save you money and stress in the long run, and to ensure a smooth financing process, be sure to avoid these three common Acura financing mistakes.
Neglecting to Check Your Credit Score
One of the most common financing mistakes is overlooking the importance of a good credit score. Your credit score plays a major role in determining the interest rates and financing terms that you qualify for. Before heading over to Hall Acura Virginia Beach, take a look at your credit score to make sure that the report doesn’t contain any mistakes. And if your score is lower than you would like it to be, consider taking steps to improve it before applying for financing.
Ignoring Pre-Approval
Some Acura buyers make the mistake of forgetting about pre-approval on their loan. Getting pre-approved from our dealership allows you to have a better idea of your monthly budget and the interest rates that you qualify for before even stepping foot into our dealership. This lets you easily choose a few vehicles that fit into your budget, streamlining the financing process.
Focusing Solely on Monthly Payments
It’s important to have a monthly loan payment that fits within your budget, but focusing only on this can be a mistake. Be sure to pay close attention to the overall costs of your auto loan, especially the interest rate. Sometimes a longer loan term can result in lower monthly payments, but over time, it can cost you more in interest.
Get Pre-Approved for Acura Financing in Virginia Beach, VA
Here at Hall Acura Virginia Beach, our team of finance experts is ready to get you behind the wheel of a new Acura model. Stop by our dealership today to start the financing process!
