Understanding the basic review process

Applying for vehicle financing can feel unfamiliar, especially if you have not purchased a vehicle recently. While every lender has its own requirements, applications generally provide information that helps a lender evaluate the financing request.

Knowing the types of information that may be reviewed can make the process easier to understand and help you prepare before visiting the dealership.

Personal Information

A financing application typically begins with basic identifying information. This helps confirm who is applying and allows the application to be processed accurately.

Having a valid driver's license and other requested information available can help prevent unnecessary delays.

Employment and Income Information

Lenders may request information about employment and income as part of their review. Depending on the situation, additional documentation may also be requested to verify the information provided on the application.

Bringing requested documents with you can help keep the process moving smoothly.

Credit History

Credit history may be one of several factors considered when a lender reviews an application. The exact evaluation process and requirements can vary from one lender to another.

This is also one reason dealerships may work with multiple lending sources. Different lenders can have different programs and guidelines for evaluating applications.

The Vehicle Being Purchased

The vehicle itself can also be part of the financing process. Factors such as the purchase price, vehicle age, mileage, and other details may be considered depending on the lender and financing program.

Once you have narrowed your choices, browsing available inventory can help you compare vehicles that fit your needs.

A Trade In Can Be Part of the Process

If you plan to trade your current vehicle, information about that vehicle may also become part of the purchase. Any remaining payoff, if applicable, can be reviewed along with the vehicle's appraised value.

You can visit the trade-in page to learn more about preparing your current vehicle for the process.

Preparation Can Make Things Easier

Having your information organized before applying can help reduce delays and make it easier to respond if additional documentation is requested.

If you are ready to begin, you can complete the online credit application before your visit.

Every Application Is Different

There is no single financing experience that applies to every buyer. Lenders have different programs, requirements, and review processes, which is why the exact steps can vary.

If you have questions about what information you may need to provide, you can reach out for assistance. Understanding what to expect can make the financing process feel more straightforward from the beginning.

Protect Your Investment

Every pre-owned vehicle has a history, and even a well-maintained vehicle can experience unexpected mechanical or electrical repairs.

At Premier Auto Motor Imports LLC, we encourage our customers to consider an optional Extended Service Contract for added protection after their purchase.

Depending on the plan selected, coverage may help with certain unexpected repair costs and give you greater peace of mind as you enjoy your vehicle.

A little protection today can help you prepare for unexpected repairs tomorrow.

Ask our team about available coverage options, terms, deductibles, exclusions, and eligibility for your vehicle.

What Is A Good Deal On A Car

Everyone wants to get the best deal on a car they can, It's human nature and makes financial sense. However, getting that deal isn't always up to the car dealership. Your budget, credit score and trade-in value all play significant factors in what you actually pay for your car.

Know Your Budget

Most people think a budget is what you can afford monthly, but it also determines what cars and the features will have. A car that you like may have several trim levels with different features, but they will come at a higher price. So know your budget and research cars and trim levels that fit in it.

Know Your Must Haves

If you've done your research then you probably have an idea of what you're looking for. But It's important to know your must-haves in a vehicle. For some people, it might be four-wheel drive or a sunroof, but for others, it might be heated seats and remote start.

Know Your Can Do With Outs

After you know your must haves, you can start looking at what you can do without. It all ties back into your budget and what you're willing to spend. If you're not worried about having the latest and greatest features, then you can probably get by with a base model vehicle.

With your budget, must have, and do with outs in mind, head to a dealership and have a conversation with the salesperson. They will be able to guide you to a vehicle that fits your needs best. You will then have a better understanding of what a good deal on a car looks like.

Are You Ready To Buy Your Next Used Car?

Buying a car can be stressful – but it doesn't have to be. Our team will work with you every step of the way to make sure the process goes smoothly. Call us today to get started.

How To Check Your Antifreeze

It may not cross most people's minds, but checking your car's antifreeze protection level is an important part of regular maintenance. Anti-freeze helps protect your car from damage caused by cold weather, and keeping it at the proper level could save you from costly repairs down the road. In this article, we will show you how to check your car's antifreeze protection level and what to do if it needs to be adjusted.

What You Need

Before you begin, there are a few items you need for the job:

• An anti-freeze tester: These are usually sold for just a few dollars at any auto parts store.

• Paper towel or rag: This will help keep the anti-freeze off of surfaces like paint that could get damaged.

• Ziplock bag: This will help keep dirt out of your anti-freeze tester while you’re not using it.

Step 1: Locate The Reservoir

The first step is to locate the reservoir where your car’s anti-freeze is stored. This is usually in the engine compartment, and it looks like a plastic container with a lid on top (as seen in Figure 1). There should also be a warning label telling you not to open the lid while the fluid is hot – so always make sure that your car has been sitting idle for at least two hours before proceeding! 

Step 2: Testing The Anti-Freeze

Now that you have located the reservoir, insert the end of your tester into the fluid (you may have to use a straw attached to the bottom of the tester). Then pump up and down until about half of the fluid has been drawn up into the glass chamber on top (Figure 2). Now look at how many “balls” are floating on top of the fluid; this number tells you how well protected your car is against extreme cold temperatures (see Table 1 below). Once done testing, pour any remaining liquid into its original container, then wipe off any residue with paper towel or rag. 

Step 3: Storing The Tester

After testing, take a ziplock bag and store your anti-freeze tester in it until its next use. This will help keep dust and dirt off of it when it’s not in use! And don't forget - always remember that antifreeze is poisonous so make sure none gets on any surfaces outside of its original container!   

Checking your car's antifreeze protection level doesn't have to be difficult or complicated; with these simple steps anyone can do it themselves! With regular testing every few months, you'll know exactly how well protected against extreme cold temperatures your vehicle really is - potentially saving yourself hundreds or thousands of dollars in repairs down the line!