Jim Estrada Autobrokers

Smart Financing -

1.) Do a little homework – Get an idea of the type of vehicle you want and what it may cost. Figure worse case scenarios then add two thousand dollars to the estimate for fees (tax, license, dealer documentary charges.) Once you have an estimated figure call your credit union or bank, ask to get pre-qualified on that amount.

2.) Join a credit union – most offer their members low interest rates. It’s easy to qualify and starting a $30 savings account will allow you to enjoy a myriad of member benefits beyond the auto loan. Want to join? Call 602.683.2120 for the simple details.

The point is…do it as they do in real estate. Get pre-qualified at your bank or credit union first!

This will tell you:
the true interest rate that your credit allows;
the term (time allowed to payback the loan);
the actual payment you can expect;
the loan parameters (how much if any cash down will be required.);
the year of vehicle you should be considering

Most people have an idea of the payment they can afford. If you want a $250.00 monthly payment, you will find that the $15,000 you may want to spend at the 8% interest that qualified you for 60 months will actually give you a payment of $305.00. Your options are either to put more money down or finance a lesser vehicle. A no obligation pre-qualification will identify this before you begin your shopping venture. Pre-qualification will allow you to consider the overall terms prior to visiting to a dealer and thereby eliminating the possibility of a irrational emotional decision that results in a high payment.

Many people who go shopping first get caught-up in the excitement of a new car and leave with a vehicle and payment they can’t afford comfortably! When they "come out of the ether," it’s too late!

Buying older isn’t always a smaller payment – Lenders often give the same interest rate and terms on vehicles that are up to three years old.

The moral of this story? Get a no obligation pre-qualification, it will give you up to 30 days to find a vehicle at your pace and well-educated.Want more professional advice? Want pressure-free recommendations? Want to get pre-qualified without obligation?

Call 602.683.2120 or;
E-mail us easyauto@easyautobuying.net

We’ll either fax or e-mail the application and have an answer for you within a couple of hours.
What about those zero-percent offers and those no payments for 12 months? Click on "Dealers do’s and don’ts" for more information on dealer financing and those other "GREAT" sounding offers.

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Jim Estrada Auto Consultant