Although the holiday originated in remembrance for fallen US servicemen, it’s also become a day of family, good food, and the of occasional deal on auto sales.
A lot of sales may be directed towards military members, but there are great deals to be found for everyone on Memorial Day. At Auto Credit Express we want to help you get the most out of these sales with a few simple tips.
5 Tips to Boost Your Memorial Day Savings
The closer you get to the holiday, the more bombarded you become with Memorial Day auto sales ads. Often, in the rush to find the best deal, people overlook the terms of their auto loan only to regret it later. This can be especially true for people who need a bad credit auto loan given their higher rates.
That’s why we’ve put together five tips to help you make the best of the sales no matter what your financial background is.
- Know what you can afford
One of the most important car buying tips is to know exactly how much you can afford to spend each month on a vehicle. Knowing this will help you focus on only the vehicles you know you can afford instead of getting stuck on a vehicle that’s simply out of your price range. This is a great thing to keep in mind no matter what time of year it is.
- Know what you want
There will be a lot of pushes from dealers to get you into a vehicle that they’re trying to sell. However, even though it may sound like a fantastic vehicle, it may not be the one that will suit your needs. After all, a family of six probably will need a larger vehicle than a car like the SMART Fortwo.
- Be realistic
Yes, there will be sales aplenty. However, if your credit is not in the best standing you may be looking at higher interest rates and monthly payments. Unfortunately this is unavoidable in most cases, but we can help you find dealers that can offer you some of the best rates you’ll find.
- Have a down payment or trade-in
Dealerships will be marking down cars left and right. But you can make your monthly payments even lower by providing a down payment or trade-in. Remember, this money isn’t going into the dealer’s pocket, it’s being applied to your auto loan and thus bringing down your overall cost. Even putting down just $500 down on a car can make the difference.
- Don’t waste time on shady dealers and sales
The old saying goes: If it sounds too good to be true- it probably is. This is very applicable to auto sales too. If a dealer is making an offer that just sounds far too amazing to you, then there is probably a loophole somewhere in the fine print. Make sure you read your contract thoroughly.
Or, you can apply now with our quick and easy auto finance application and we’ll find a reputable dealer in your local area that can offer you better options and opportunities.
As We See It
Memorial Day is seen as the beginning of the summer season. It marks beginning of trips to see family, go camping, visit new places. All of which is made easier when you have a quality vehicle you can depend on. That’s why these holiday sales are so important. Don’t miss out! Apply today and see how many ways you can save. We even have special programs for military auto loans for military personal and their family. And as always, be safe while engaging in your Memorial Day festivities!
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