If you’ve had trouble applying for car financing before, don’t worry. With these tips from our Subaru finance team at Zeigler Subaru of Kenosha, you can apply for financing for your next Subaru car with confidence. Just keep these steps in mind when talking to our team at our Kenosha, WI, showroom.
Check Your Credit
Applying for financing without checking your credit score is like applying for a job without looking at your resume. If you don’t read yours, you won’t know what your financier is seeing. Credit bureaus occasionally make mistakes and changes in your credit may take months to appear, so make sure you know what is and is not included in your report.
Don’t Focus on the Monthly Payment
It’s a good rule of thumb not to spend more than ten percent of your monthly income on car payments, but that’s not the only factor to consider. Drivers often focus on getting the lowest possible monthly payment, but higher interest rates and longer terms can add up over the course of your loan. Try to find a plan that will take less than four years to pay off.
Consider a Cosigner
If you can’t find any financing plans that work for you, consider adding a cosigner. Your cosigner’s credit will be considered together with yours, giving you access to more affordable plans that may meet your budget. However, any late or missed payments will affect their credit score as well, so you’ll need to have a plan in place in case you can’t keep up.
Apply for Subaru Financing in Kenosha, WI
Whether you’re financing for the first time or coming back for your next great drive, our team at Zeigler Subaru of Kenosha makes applying for financing easy. Stop by our dealership and explore our lineup for yourself. Talk to our team about available new Subaru specials, then take a test drive today!
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