Stop, Look, and Listen Before You Get Your Auto Loan
WAIT… MY AUTO LOAN PAYOFF AMOUNT IS HOW MUCH?
I recently received a call from a member looking to refinance the auto loan they had just opened with a dealership. However, they were confused about how much they actually owed on the vehicle. With trade allowance and money down taken into consideration, the member believed they should have been paying around $12,000. But the auto loan payoff was around $17,000, instead.
After reviewing the paperwork, I realized the price difference was due to several extras that were added while finalizing the deal. The member knew of these extras, and agreed to them, but was not aware of the cost that came with them. Which leads me to my main advice for the month – look, listen, and ask questions. And, as always, call Fox first. We’ll help you set a budget and find the vehicle you want within it.
ARE YOU INTERESTED IN SPEAKING MORE WITH MIKE? HE’S AVAILABLE TO ANSWER YOUR QUESTIONS!
Auto Buying Specialist
Fox Communities Credit Union is a full-service, not-for-profit financial institution serving members throughout Eastern Wisconsin, including Appleton, Green Bay, Oshkosh, Manitowoc, and Milwaukee.