What-is-the-catch-with-low-interest-financing-offered-by-Fox Chrysler
A low interest auto loan from Fox Chrysler of Auburn sounds great on the surface, but what could be behind such a great offer that you aren?t being told about up front? Unfortunately, there are many possible reasons for these low interest promotions, and none of them are good:
You could be charged a higher base price for vehicles bought through ?low interest? financing. You might be much better off paying cash or getting your loan through a bank or Credit union.
Also, you could be required to shell out a higher down payment ? up to 30% in some cases ? to take advantage of the lower interest rate. Or you might be required to sign a condensed payment agreement that sets the loan up on a 24 or 36-month term.
Fox Chrysler might even require you to sign and/or accept delivery by a specific date, or ask that you give them the manufacturer rebate on your new vehicle!
Be sure to get all the information on why a low-interest rate is being offered before making a buying decision, and don?t settle for a canned, evasive, response. You certainly don?t want to be surprised at the time of signing with a variety of unpleasant requirements.
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