(Full disclosure: RedStar Finance thought Track Shun was so cool and knowledgeable, they asked us to write an advertorial on the subject. Consider supporting a company that supports a grass-roots automotive blog.)
You can’t help who you fall in love with. For car enthusiasts, you can’t help what type of car you fall in love with. I know this because I have a particular soft-spot for the Jeep XJ Cherokee, despite it being not at all good for anything other than low-speed drifting in the wet. In most cases, the car you fall for will require car loan in order to make it a reality.
Deciding on which car will take residence in your driveway is one of the best parts of the process. Deciding on how to finance it can bring on trichotillomania, unless you know where to look and what to look for in a finance company. There are really two things that you want in a car loan: the best rate, and an easy application process. Our friends at RedStar Finance are one such financier that offers both same-day approval and cheap finance.
It’s easy to make claims like that without backing it up. But RedStar Finance is able to do both because they have a wider range of finance options. You see, most car finance companies will generally use a single bank to finance their loans. RedStar Finance gets to cherry-pick from seven of the best vehicle finance providers in the country, meaning their customers are always getting the option that suits their situation the best.
If your face turns into a spatula when you start trying to figure out what all the numbers mean, then I would suggest looking at the comparison rate. A few years ago the government introduced a mandatory comparison rate for all lenders. The point of the comparison rate is to incorporate all costs involved in the car loan (except for government fees, taxes, and insurance products), meaning you can compare it against another car loan to see which one will be cheaper for you in the long-term. It’s a great way to see how much you can expect to pay.
As someone who has worked for a number of car finance companies over the years, I’ve learned that the absolute cheapest finance isn’t necessarily the best. Some car loan offer greater flexibility and could be a better option for what you want to achieve. Which is why talking to a car loan expert at RedStar Finance is a good idea as they can recommend the best deal, potentially saving you thousands over the course of the car loan.
You can’t always choose which model of car you fall in love with. But you can choose which car loan provider will finance the purchase. Pick a company that offers same-day approval from a variety of banks, and has experts with proper experience.
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