Overview Who Needs This? Excerpts Order Book Pictures Chapters Answers Reviews Destinations Free Stuff More Contact Us |
Before creating the Vanabode travel style I ran a motorcoach website. This page is one of many bus articles I wrote for coach buyers before closing that website. Bus LoansBus loans and financing can be the trickiest part of purchasing a bus, especially if you are buying a used bus. Financing is typically where many dealerships make extra profits at your expense, often through special add-ons, higher rates, or special dealer fees, they pass on to you at inflated costs. Many of the larger bus dealers offer good bus financing in-house and should at least be compared and considered. They often have such a large volume of applications that are specially targeted to buses, that they can compete with typical banks and credit unions. Follow this process - and you will come out ahead. First, settle on a bus that you want without discussing financing, settle on a price, agree to a trade in value (if you have one), then tell the salesman you are willing to discuss any financing options they have but do NOT tell them or show them the terms you have already gotten approval for from your bank or other bus loan financing sources. The links on this page are from highly reputable bus financing institutions that may be of value to you in at least getting a free quote from them. Spend a little time now seeing what they offer BEFORE you visit the bus lot and get a bus loan. Bus loan interest rate - Your interest rate will vary because
it depends on many factors, which include your loan total, expected down
payment, credit profile and the value of your bus. Most companies will
want to process your bus loan application BEFORE discussing terms. This
is normal and since most companies can complete your application in less
than an hour, it shouldn't be an issue. Bus loan application fee - many companies charge to find out if
they can loan you money. Do not pay it! INSIST on a free application approval
process. If they are not willing to take this small risk on you then they
are less likely to be perfect to work with. Don't waste your time. Credit score - the better companies that will finance you on an bus loan without up front application fees or credit check fees, who have good interest rates, and can get it done in an hour or two, will require a credit score of 600 - 640 and sometimes higher. If you don't have a credit score in that range you will need to be more flexible in your approach and in the interest rates you will be willing to accept.
|
Home
Contact Us Copyright
© 2007-2016 Free
Guide They Hate Me |