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Tips for an Efficient Trip to the Car Dealership

If you are looking to purchase a car, new or used, visiting a dealership can be a dreadful experience. The whole process of buying a new car can be very frustrating. That is why it makes sense to prepare in advance to get the most out of your visit to a dealer. Here are a few tips that will make your trip to a car dealership much more efficient and, hopefully, less frustrating.

  1.  Do your research. The Internet is a tremendous tool. You have the power to learn everything you want about any vehicle in existence. You have access to reviews of various models as well as reports of dealers in your area. If you take some time, you can even find out what cars are on a dealer’s lot before you ever even step into a salesperson’s office. Save yourself some time and research exactly what you are looking for and where you can find it.
  2. Line up your financing first. Securing finance for a vehicle can take several weeks depending on the lender. Before you test drive a car, make sure you can pay for it first. If your lender only approves you for a $25,000 car loan, you know that you cannot purchase higher priced vehicles. Before you walk into the dealership, you will know what your monthly payment is, your interest rate, and exactly how much you can afford. This knowledge narrows down your search and limits the salesperson from trying to sell you something out of your price range.
  1. Sell your trade-in on your own. If you have a vehicle that you would be trading in before your new purchase, forgo selling it the dealer and sell it on your own. You will get more than the dealer will give you. The dealer must make a profit on selling your vehicle; therefore, the offer for your trade-in will be much lower than an offer from a private buyer. By selling privately, you will not have to add in negotiating the sale of your trade-in to the dealer, saving you some time and frustration.

If you do have a trade-in, you may want to consider keeping it and using it as a finance tool. If the vehicle is paid off, you can use it for a car title loan. These types of loans are becoming more popular since they are easy to obtain and do not require good credit. It is even possible to use a car title loan to cover a down payment on a new vehicle. Embassy Loans has helped tens of thousands of customers through the years obtain access to cash using car title loans.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.