The holiday season is a great time to buy a new car. Dealerships are clearing out last year’s inventory and pricing cars to sell. But did you know you can also get great deals from your lender? Signal Financial Federal Credit Union is helping buyers get into new cars for the holidays and new year by offering great loan rates and steps you should take before you buy.
Here are five reasons you should buy yourself a new car this holiday season:
1. You Could Get a Low Loan Rate
Signal Financial FCU has always offered competitive rates to its members, but now annual percentage rates are as low as 1.49% for 36 months for new and used vehicles. You can also refinance an auto loan from another institution to lower your interest rate and help you pay off your loan faster.The credit union also offers motorcycle loans.
2. Holiday Promotions Will Help Your Budget Stay Afloat
With Black Friday deals, Christmas promotions and New Year's sales, you’re sure to find a great price on the car you need this time of year. With new inventory, you'll have access to motivated sellers looking to empty their showroom floors.
Visit the dealership on a rainy or snowy day to get the best deal. Salesmen work on commission, and since people usually don't shop for cars in bad weather, they’ll work hard to make the sale, even if it means coming way down on price.
3. You’ll Be in a Safer, More Reliable Car
If you’ve been driving a car that’s an older model, has expensive parts that require constant replacement or has had any kind of product recall, you should consider upgrading to a safer, more reliable car. Washington, D.C., winters can be harsh, and if your car isn’t properly equipped, you might not be as safe on the road as you think you are. You’ll have peace of mind on the road knowing that your new car functions efficiently, all parts are working and you’re using newer technology designed to keep drivers safe. A bonus is that when you buy a car, either new or used, you’ll likely have a warranty that will cover some of the maintenance.
4. A New Car Will Suit Your Changing Needs
Maybe you recently became an empty nester and no longer need a family-sized car; or maybe your family is growing and you need extra trunk space. Whatever your life’s changes might be, Signal Financial can help you get into the car that will suit your new needs.
Meet Your New Year’s Resolutions With a New Auto Loan
Lower your monthly payments and build your savings faster by getting -- or refinancing to -- a low-rate auto loan from Signal Financial this holiday season. You’ll be in a safer car that fits your changing needs and you’ll be one step closer to accomplishing your financial goals.
Photo credit: Steve Rhode