Perhaps you’ve been here before. You walk into a car dealership like ours, Sames Mazda in Laredo, TX, to look around at the latest 2019 Mazda CX-5. A salesperson tells you about the great features the vehicle offers and asks you what your monthly budget is. Regrettably, you’re unsure.

Here at Sames Mazda, we want prospective drivers to have as much information as possible when looking for a new car. That’s why we want to provide a few simple tips on getting a loan.

Getting a car loan is more or less similar to any other type of loan. You apply, and based on your credit score, you receive enough money to pay for the cost of the vehicle, plus interest. To get the best car loan possible for you, we have a few steps to follow.

Start by researching the models you’re interested in owning. You’ll want to know how much your new car is going to cost before applying for the loan so that you can get the best possible terms. Next, it’s essential that you figure out your budget. You’ll need to determine how much you can afford to pay each month.

Once you have your base budget established, it’s time to figure out your credit score as this number affects how much interest you’ll have to pay. With these numbers in mind, it’s time to shop around for different car loans. Here at your Laredo Mazda dealership, we’re set up to offer several different loan options and interest rates to help you get the keys to your perfect vehicle. It’s also advisable that you factor in your loan term. While a shorter loan term means higher monthly payments, a longer loan term often means you’ll pay more in interest.

Finally, we recommend that you get pre-approved on your loan before you buy. Getting pre-approved ensures that your terms are set and will give you a great idea of your monthly payments, allowing you to shop within your means and with confidence. We invite you to visit us today to discuss how we can help you find the right car for you and the right car loan. Visit us at 6001 San Dario Ave.