Here at O’Brien Subaru of Fort Myers, we talk often of the myriad ways in which you’ll enjoy driving a brand new Subaru model for sale like the birth order affects personality essay. From their incredible safety ratings to their go-anywhere attitudes, owning a Subaru model is a blast.

One area that we don’t often cover is how to pay for your new Subaru model, whether you’re going with a new 2019 model or not. For many drivers, paying the full price of a car all at once isn’t really an option. That’s where applying for a car loan comes in.

We want our Subaru drivers in the Fort Myers, FL area to have as much information as possible when it comes to researching and shopping for a new car. That’s why we’re offering up a few quick car loan tips.

Before you do anything, you’ll need to figure out your budget. When you get approved for a car loan, you’ll be making monthly payments for a set period, usually anywhere between three and six years. While you may be tempted to take a more extended repayment schedule to lower monthly payments, keep in mind that you’ll be paying interest for longer.

Next, you’ll want to learn what your credit score is. Your credit score is going to determine the amount of interest you’ll pay each month in addition to your principal cost. Knowing roughly how much interest you’ll be paying may factor into which model you choose to purchase.

Before applying for the loan, we recommend that you settle on a model. Knowing how much your new car is going to cost will help you budget and may factor into which car you can afford.

Once you’ve picked out your next model and accurately budgeted for it, it’s time to find the best loan terms for you. While here at your Fort Myers Subaru dealership we offer plenty of loan options, it’s smart to contact your bank to compare.

Finally, we recommend that you get pre-approved for your loan. Pre-approval ensures that you’re getting a specific loan amount and makes purchasing your next car a lot easier. As always, feel free to contact us with all your car loan questions. Our friendly staff is happy to help you go over your budget and find the vehicle that’s right for you at terms that work for your wallet.