Blog

Latest Industry News

February 7, 2014

Getting The Best Interest Rate for Your Car Loan

Purchasing a car is certainly a pricey endeavor. Even used vehicles are going to cost you at least a couple thousand dollars in most cases. Perhaps you have decided to enter into a finance or lease agreement. What are some of the reasons why shopping at PAACO will help you to get the best interest rate on your car loan?

Service Geared Toward You
PAACO understands that all customers are different and, as a result, have a diverse array of needs. Some customers can afford to buy a car that costs tens of thousands of dollars right off the lot, but this does not apply to a vast amount of people. PAACO is designed to work with people who are looking to save money on their vehicles and their interest rates.

Online Applications
Meeting with someone face-to-face only to find out that you might not be able to get exactly what you want can be disappointing. Since PAACO offers an online application form, you can find out more details about your possibilities before you go. Let’s say that you fill out the form and find that you don’t qualify for exactly what you want. Then, you can take steps to improve your financial situation.

What You Can Do
Part of qualifying for the best interest rates is improving your own circumstances in whatever ways that you possibly can. For example, individuals who have higher credit scores tend to get better interest rates. Even if you are unable to pay off all of your debt in one lump sum, work to pay off some of it before you go to take out the loan. Putting yourself in a better situation, combined with the services offered at PAACO, will really help to lower the interest you have to pay.

Real People, Real Understanding, Real Situations
At PAACO, the service professionals understand that you are real people who are facing a variety of real situations. They know that credit situations cannot be perfect, and they understand that high interest rates can deter your chances of getting back on your financial feet in a timely situation. Of course, this does not mean that your interest rates can be cut down to the lowest level possible. However, you can work with the professionals to ensure that you have a plan that makes sense for you and your financial situation.

The Possibility to Refinance
You should also remember that you can refinance your loan. Refinancing is an excellent idea because it gives you the chance to lower your interest rates. Your interest rates might go down when you’re refinancing because of the current economic climate, or they could go down because of your improved credit scores. In fact, the lower interest rates may very well be a combination of both.

Purchasing a car means that you’ll need to make a down payment and have a monthly payment plan. You will also need to pay interest, and these factors can help to lower that sum.

Back to top