Shopping for Your Next Vehicle

Although shopping for a replacement vehicle can be a costly experience, this need not always be the case – especially if you’re willing to put in some time and effort to shop around between dealerships. Thanks to the economy being a little slow at the moment, many dealerships are now offering excellent financing deals in order to move some of their older stock. In some cases, you could even qualify for a 0% APR on your next purchase.

Finding a Good Deal

Many individuals think that the best deal will always involve the cheapest price. However, this is not always the case. While you may be fortunate enough to get the cheapest price from a specific dealership on your car, truck, or SUV, you may be disappointed about the level of customer service you receive after taking delivery. As such, the best deal could sometimes cost a little more.


Before purchasing your next vehicle, it’s strongly recommended that you search for online reviews pertaining to specific dealerships and brands of vehicles. This could help prevent you from overpaying for a vehicle, receiving bad customer service or even purchasing a vehicle that is known to have several issues.

Applying for 0% APR Deals

If you’re fortunate enough to locate dealerships that are offering 0% APR deals on some of their stock, you’ll need to ensure that you’re well prepared before applying for financing.

Paperwork will need to be provided to the salesperson you’re working with so that your application for financing can be processed. You’ll need to provide proof of income and residence, proof of stable employment, and proof of current earnings. You will also be required to provide photo identification and a valid driver’s license.

In addition to the above information, you will also need to have a good credit score to qualify for a 0% APR vehicle financing deal. Your score will usually need to be over the 700 to 750 mark; otherwise, you could be viewed as a poor credit risk by the dealership and bank that will provide the loan.

Repaying your Loan

When the time comes to start making loan payments, it’s essential to ensure that they are always paid on time – or even early if possible. This will go a long way in helping to keep your credit score as high as possible, which will, in turn, help you qualify for additional credit overtime if required.

In some cases, you may be able to repay your 0% APR loan early, but this will have to be confirmed with the dealership that you purchased your vehicle from.

After purchasing your vehicle, you will need to adhere to the recommended service and maintenance intervals until such time as you’ve made your final repayment. This will ensure that your warranty remains in force until such time as it expires. Always ensure that you perform a thorough search about a specific dealership before agreeing to purchase from them, as this could save a lot of hassle at a later stage.