Top 2016 Family Cars and How to Buy Them on Finance
Every year there’s a whole bunch of cars up for consideration for purchase. Some do well but there are many that do not achieve the sales they were expected to generate. Then there are the elite few, which the customers like, trust, respect and fall in love with.
Full of useful features, these cars also score very high in performance, reliability and safety. Take a quick look at the 2016 segment toppers and what you should do to get finance on them:
Overall Best: Tesla Model S
The Tesla Model S wowed everybody with its sheer technological excellence and innovation when it was released. With so much technology built into the car, it is no surprise that it has managed to keep itself from getting out of date as most cars tend to be in the face of model updates.
The Model S scores very high on performance and is practical too in a real-world situation despite being luxuriously packaged. Price $89,650.
Compact Car: Subaru Impreza
The interior of the car, in one word, is outstanding, especially from the point of view of those sitting in the back seat. The ride in much quieter now though it is a tad expensive on fuel consumption, which is, however, compensated with an all-wheel drive.
Despite its comparatively higher price tag, it represents very good value, especially now with the upgraded infotainment system. Price $21,345.
Midsized Sedan: Subaru Legacy
Most sedans do their job in a quiet and unfussy way; however they do not give their drivers any sense of excitement. The Legacy provides lots of room on the inside, and a quiet and comfortable ride that easily beats the competition hands down.
A practical all-drive car, it has great mainstream appeal but is a little let down with its 26mpg fuel economy. With a sticker price of $24,837, it represents great value. You can explore more its superb set of features as well customer reviews at http://idealautousa.com/.
Large car: Chevrolet Impala
While the nameplate had taken a beating for quite a few years, the 2015 version is a great car beating even stalwarts like Lexus ES 350 and the Toyota Avalon.
The Impala is extremely roomy and comfortable with a great luxury car ride, with the customary roll that plagues most large cars. Designed for the mature driver, its controls are intuitive, big and easy to understand. Price $39,110.
Getting Finance without the Hassle
While all the cars described above really represent great value, they still cost quite a lot, and it is very likely that you would want to get them financed.
However, despite what dealers and finance companies say, getting finance at attractive interest rates can be surprisingly difficult for most people. Outright rejection can also take place if you have a poor credit history.
You will be surprised to discover that interest rates can vary quite a lot with different lenders. The extent you can negotiate will depend a lot on your credit score so it is a good policy to know your score before you even apply for a loan. If there are errors in the report, have them corrected so that your score improves.
There are a number of sources from where you can get auto finance such as banks, credit unions, loan companies, and not to forget auto dealerships.
Getting finance from the dealer may not be the cheapest option; there is a tendency for dealers to quote the EMI at a low figure by allocating a larger time frame, which will result in paying a larger sum as interest before the loan is fully paid back.
Even if you are offered a zero percent loan, make sure that you get comparative rates from other lenders to see if the offer is actually beneficial. In most cases, try to get the largest rebate in lieu of low interest and get your loan from another source like a credit union for the maximum savings.
Getting a pre-approved loan also helps you to get a considerable edge over the dealer, as you can use it to beat the rates down.
Author bio: Mark Denver is a senior journalist employed in a leading online lifestyle magazine. Passionate about cars, Mark covers the automotive manufacturing and retail sector with incisive articles. He has also contributed to a number of reviews as well as articles on http://idealautousa.com/, a leading online car dealer.
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Category: Car Purchase
