Lincoln Blog & Automotive News from Lansdale, PA

If you've been considering a vehicle purchase but need financing, we can help. We've been getting people from Lansdale approved for auto loans that make it possible to purchase the vehicle you want. We're providing you with some information regarding car financing to help simplify the terminology.

Vehicle loans are typically based on your overall credit reputation. This takes many factors into account including your credit history, income, equity, and assets. Equity refers to the amount that you apply towards the vehicle purchase in cash or the residual balance from a trade-in vehicle

The total cost of owning a new car often relates to the price tag as well as fees that you may not consider when budgeting for that dream model. Understanding the actual price of your dream car as well as the additional fees – maintenance, insurance, fuel, taxes and governmental fees, and more – all can add up quickly. The Bergey’s Lincoln finance team is here to help!

Your taxes depend on where you live. A driver may encounter state or local fees to take under consideration when making a budget.

GAP insurance is intended to protect those who are involved in a bad financial situation following an accident. Automobile loans are spread out over a period of time. The parties involved have responsibilities to make sure that they make it to the end of the contract. However, there are situations where these obligations cannot be met.

 

We break down what gap insurance is & what you need to know when in a dealer’s office: https://t.co/Ct6pOeabvo

— Edmunds (@edmunds) February 2, 2017