Will 2024 be the year that you purchase a new Land Rover vehicle? If so, now is the time to think about the Land Rover finance process. One of the first things you’ll want to consider is the down payment, and here Land Rover Waukesha offers tips that will help you make smart decisions.
Aim for 20 Percent
In most cases, it will be up to you to decide how much you want to put down for your car. Supplying money right away is a good idea for numerous reasons. This means that you won’t have as much to borrow, which means there will be less to pay back to your lender. This may also result in being able to pay off the loan faster. You should put up as much as you comfortably can, and try to aim for 20 percent, as this will reduce your loan significantly.
Use a Trade-In Vehicle
Twenty percent may seem high, but there are things you can do to reach that number. If you have a vehicle you are looking to replace, it could still have good value. It’s important to find out what it is worth so you know how much extra money you could have to work with. You may also want to consider making small repairs to your older car to potentially increase its value.
Land Rover Waukesha Makes the Financing Process Easy
Once you have your down payment squared away, you can start the financing process. Land Rover Waukesha makes it simple, and you can get pre-approved for your loan by filling out our online application. Feel free to get in touch with us if you would like to speak to a financing professional.