Consider this, did you know that you can sometimes remove add-ons after you have entered your purchase contract? Begin by asking your lender what alternatives do you have for reducing car payments. Also if you have made payments on-time for at least a year; consider the possibility of re-financing your vehicle for a lower payment. If necessary, go to a different lender; competition is fierce these days, it is a competitors’ market. Creditors are hungry for people who pay on times.
Begin by calling your lender and reviewing the costs associated with your payments such as add-ons. Credit life, extended maintenance, extended warranties and other add-ons makes a difference in the amount of your monthly payments. Arm yourself with the right questions to ask otherwise the experience may not be rewarding.
Also if you come into a large tax refund; consider asking your lender if you paid an extra seven hundred and fifty to a thousand dollars towards your principal, is there a way to lower your current monthly payments? Before getting into distressed situations, ask question and weigh your options; savings are within your power.
Now, let’s Tackle The Beast-Get Cents Get Paid!
No comments:
Post a Comment