Applying for automotive financing can be an intimidating process. However, with a little preparation and help from our Subaru finance team, you can ace your credit application. Make sure to avoid these mistakes for an easy application process with Mid-Hudson Subaru.
Skipping Pre-Financing
Applying for pre-financing is a great way to get a sense of what kind of financing offers to expect while car shopping. Just use our online application to enter your financial information and you’ll receive a snapshot of how much to expect to be approved for at the dealership. Then, you can shop for your new car knowing exactly how much you can afford.
Focusing on the Monthly Payment
A lot of drivers focus on reducing their monthly payment as much as possible, but that’s not the only factor to consider when choosing a financing plan. Keep in mind that longer terms mean more interest, so you will end up paying more over the course of the loan. A good rule of thumb is to avoid any plan that would take more than four years to pay off.
Not Checking Your Credit Report
If you haven’t kept on top of your credit history, make sure to check it before you head to our dealership. Take a look at your score and read through your credit history. Credit report bureaus sometimes make mistakes and recent debt payments won’t appear immediately, so make sure that your report is telling the full story and bring any documentation you need to correct it.
Simplify the Subaru Finance Process with Our Team
From finding the perfect car to taking that first test drive, shopping for a new car at Mid-Hudson Subaru is a quick and easy process. Visit our Wappingers Falls, NY, Subaru dealership and explore our wide-ranging lineup to find the right car for you. Talk to our team about financing, then take a new Subaru model out on the open road today!
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