How to Avoid a Bad Auto Loan

Man Signing Loan for a car

From pushy salespeople to hidden fees and outrageous finance rates, car financing can be enough to make you want to give it up and ride the bus. But it doesn’t have to be that way. Indy Car Financing offers easy, no hassle auto loans to our Indianapolis and Zionsville neighbors regardless of credit. Fill out our easy online form to get pre-qualified, then come in and we’ll help you get behind the wheel of your dream car today. It’s that simple.

Red Flags You’re Signing a Bad Auto Contract 

It can be easy to get caught up in the moment and agree to a finance contract you’ll come to regret. Watch out for these red flags before you sign on the dotted line:

  • Buy Rates: Some lenders allow dealers to add additional points to the interest rate of the buyer’s loan – money the dealer gets to pocket.
  • Conditional Sales: Some dealers use a conditional sale to force buyers to renegotiate their loan – often for much more than they thought they would pay.
  • Hidden Fees: Extra Fees for packages you don’t need or services you won’t use can drive up the price and leave you with nothing to show for it.
  • Mandatory Arbitration: These clauses prevent you from seeking legal action if you have a valid complaint against a dealer due to mis-advertised products or unfair business practices.
  • Very Long Terms: Dealers can inflate the term of the loan to drive down the monthly payment, costing buyers thousands in the long-term.

Let Indy Car Financing Help You Secure a Real Deal

Don’t fall for a bad auto loan. Get a great deal on the car or truck you want with Indy Car Finance. Our skilled finance professionals can help you review your budget to determine the right payment, scour our online inventory to find the right vehicle, and connect you with local and national lenders to get you the best rate on the loan you need. Even if you have bad or no credit, we have the right deal for you.

Avoid Sketchy Car Financing with Your Indianapolis and Zionsville Finance Leader

Get the fair and honest car financing you need from your Indianapolis and Zionsville auto loan leader. Contact Indy Car Financing at 317-884-7922.