Should I buy a car?

No matter what’s going on, you may find yourself in need of a new vehicle or maybe tempted by some of the great offers currently available.  But, is now the right time to be purchasing a new vehicle?  Consider these tips that may help you:

  1. Are you fiscally fit? Before doing anything, consider your current situation. Have you be furloughed, laid off or lost income? Or maybe you’re a little worried it could happen. Now may not be the best time for such a big purchase. Don’t worry … things will improve.

  2. Set a budget – especially if you don’t currently have a car payment. The more realistic you are the better.  Ask yourself – will the new car have hidden or surprise expenses like increased gas or maintenance expenses? Maybe your insurance will go up?  We can help get you an accurate quote - start here.

  3. Price compare. You’ve got the time so find the best deals. Auto manufacturers have some great deals right now and 0% financing is pretty enticing. Sometimes zero percent may not be better than taking the rebate and getting a low-interest loan. Check out this calculator to see what the best deal is for you. 

  4. Start shopping. Dealership showrooms may not be completely open to browsers yet, but they’re certainly eager and available to chat on the phone and many have online options to chat and may even offer delivery.

When you find the right car, you can apply and sign online. Simply log in to Think Online, select "Apply for a loan" and most of your information will auto fill!  You can also reach out to a banker for help making the best decision for you by calling 1-800-288-3425.