Are you are looking for the best car loan rate? Here are some simple steps to help you secure the interest rate you want.
Budget: First step is to sit down and determine how much you can comfortably and reasonably pay per month, how long would you like your loan to last and what your initial down payment will be. There are several online tools available, such as the Monthly Loan Payment Calculator or credit.ford.com. These can help you easily to determine your payment and budget.
Credit: Before applying for a loan, check your credit score. Your credit history can affect the quality of the loan that you can attain. You can get copies of your credit report for free at www.AnnualCreditReport.com. Make sure you do this with time in mind. Meaning, if there are errors or items you want to fix, you will need to have enough time to address those credit problems before applying for the loan.
Loans: If you truly want the best rates, you may need to apply for loans with several different organizations. The three primary lending locations are: your personal bank, a credit union and through the automaker. When applying to these locations, you should research the institution’s lending habits.
For example, contrary to belief getting a loan through your dealership is not automatically more expensive. In fact, car dealerships are the only way to get specialized low rates form automakers. While credit unions generally only account for less than 20 percent of total auto loans, but often offer good rates for consumers.
Negotiate: Using all the information gathered, now you can confidently go to the dealer and negotiate to get the best deal.
If you have more financial question and would like to talk to someone in person, the staff at Planet Ford in Spring (serving the greater Houston and The Woodlands area) are always happy to help. www.PlanetFord45.com



Unfortunately, some of the stolen vehicles in the Houston area have been of our very own customers. While some of those customers with stolen cars never end up recovering their vehicle, others whose vehicles were equipped with products like LoJack were able to recover their vehicle thanks to the small Radio Frequency transceiver hidden in one of up to 20 places in their vehicle.
Celebration is in the air as the city of Houston hosts Freedom Over Texas,the Mayor’s “official Fourth of July event,” offering six hours of fun and festivities for all. Gather together with the crowds in Eleanor Tinsley Park on Buffalo Bayou, and be a part of this fine tradition. Pick your zone: the event features a family fitness zone, an entertaining and educational zone kids’ zone and more – even the “Red, White and Green Scene,” showcasing environmentally friendly alternatives like wind energy and solar power. Highlights of the festival are sure to be the live entertainment and the fireworks extravaganza synced to current and patriotic music. For more information, visit www.houstontx.gov/july4/index.html.
