16.5 million. Do you know what that number represents? That is just the number of vehicles that were sold in this country last July alone. That is huge! So how come this is possible? Because there are some fantastic incentives out there for people to get a new car loan in Orange County, CA, and because it is once again much easier to actually get accepted. So how do you make sure that you will get that loan yourself? Follow these three tips!

  1. Have a Car Budget

After your home, your car is probably your biggest and most important purchase. Car prices are going up all of the time, so you really have to make sure that you know where your money is going. Have a car budget set, which highlights your loan payments, your taxes, your insurance, your repairs, your fuel, your vehicle inspection (if required), and so on.

  1. Save Up

You’re probably wondering why you would need to save up if you’re going to get a loan anyway. However, if you can put down a down payment, any at all, you will get much better deals. Yes, you can get a 100% car finance loan, even if you have bad credit. However, you will see your interest rates skyrocket as soon as you do. If you can put down as little as 10% of the value of your car, your interest rates, and therefore not just your monthly payment but also your overall payment, will plummet, even if you have bad credit. If you don’t have any money, you might be able to put your old car up against the new vehicle, for instance. Alternatively, you might want to consider getting a personal loan to cover a down payment. If you do this, you do have to make sure that you work out that the total you will pay on both your personal loan and your car loan is actually less than you would pay if you were to get a 100% car loan.

  1. Get Quick Quotes

At the minute, there are some really interesting incentives out there for people to buy a new car, not in the least the low interest rates. To take advantage of this, you have to find something quick. Don’t go to high street lenders or banks, but go online and get a quote in a minute. Online lenders tend to be more lenient when it comes to their criteria as well. Plus, they believe that even people with bad credit should be able to buy a brand new car, because these cars last longer.

Do make sure, however, that the lending company you approach is reputable. Check that they have a secure website, which means their URL starts with “https:”. This will keep your personal information safe. Once your application has been received, you will get a decision in minutes. You’ll be driving that brand new car in no time!