Getting a Car Loan

November 22nd, 2021 by
Car Loan

Buying a new car is an exciting, yet nerve racking process. Getting a car loan doesn’t have to be as scary as it seems. If you’re wondering how to get through the process, keep reading for more information. We hope it will ease your mind and help you make your purchase successfully! 

View Your Credit Score

Before beginning the purchase process at Ocean Honda of Burlingame, make sure to check your credit score for any errors or discrepancies. Loan organizations take a detailed look at your credit to determine how much they will allow you to borrow and the interest rate that comes with it. Remember: the higher the score, the more you’re allowed to borrow and the lower your interest rate. You can check your credit score once a year for free, but many people in Daly City use companies like Credit Karma to check for free more often. If you’d like to increase your score, make sure you are paying your debts on time and paying more than the minimum payment.

Estimate Your Borrowing Amount

It’s imperative that you know the general amount of money you’ll need for your loan before applying. You can retrieve this information with a few simple steps. First, go to the dealership website and find the list price of the car you’d like to purchase. Second, add the cost of the taxes, tag and title to the list price. This information can also be found online according to your state. You’ll also want to get an average price for the warrentary you’re interested in by calling our finance team. Once you’ve totaled these numbers, you can subtract your down payment amount. This final number represents the estimated amount you’ll need for your car loan. Now you know how much to ask for when you apply for your loan!


Now that you have all of the information, you’re ready to apply for a car loan! We suggest that you apply to multiple loan organizations to make sure you’re getting the best offer. You can get a loan through the dealership, a large national bank or from a bank or credit union in South San Francisco. Some establishments will have special offers or deals depending on your membership status or the holiday season. You can also consider applying early and getting pre-approved for a car loan so when you’re ready to buy, everything is ready to go. Having multiple offers will help you make the best decision in terms of loan amount, interest rate and loan time. 

Call us Today!

We hope that the information above gives you a good foundation of how to get a car loan. If you have any additional questions, feel free to contact us and schedule an appointment!


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