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Money Matters Blog

Monday, February 20, 2012

The Auto Resource Center: What To Know

Car shopping online has become the easy and convenient way to help you find the right vehicle. Whether you’re looking for a used or new vehicle, Community Financial Credit Union’s Auto Resource Center has everything you need to help you with your next car.  

Check dealer inventory and compare. At you can check local dealers to see what’s available right now.  You can search for new and used cars, get quotes on multiple vehicles, and compare prices to find the best value.  Take the time to research your options to help you shop smart.

Estimate Your Trade-In Value. Knowing what your current car is worth is very important if you plan to trade it in and use the proceeds as a down payment for your next vehicle.  Used car prices are on the rise and our Auto Resource Center uses Black Book, to provide market-driven retail numbers to consumers who are looking to trade-in an existing vehicle or acquire a new or used car.  Remember it is always best to treat the sale of your old car & the purchase of your new one as separate transitions; that way you’ll get the best deal on both!

Prepare and plan.  Our Auto Resource Center has a payment calculator to help assist you with financial decisions.  It’s always best to be financially prepared and budget.  Check different payment scenarios and see what you can afford.  

Apply online for your auto loan. Once you’ve made your vehicle choice, we can help you out with financing your purchase.  At Community Financial our auto loan rates are as low as 2.24% APR*.  Visit our site here to see the most current loan rates. 

For more tips on car shopping visit our previous post on Used Car Shopping Tips.  If you are debating between a lease and a car purchase, read are list of recommendations for you.  Don’t hesitate to call us at (877) 937-2328 if you have any questions. Good luck with your shopping! 

*Payment example: The monthly payments on a $10,000 auto loan over 48 months would be about $220 assuming: 2.49% Annual Percentage Rate (APR), 2006 or newer model vehicle, 20% down payment and a strong credit history. An additional .25% rate discount is available with auto pay from Community Financial checking. All loans subject to credit approval. Rates as of 2/1/2012 and subject to change without notice.

Posted by: Community Financial
Community Financial Members Federal Credit Union is a not-for-profit, full-service financial institution owned and governed by its membership.

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