For those who want a brand new vehicle, their purchase options are limited. Those who want a pre-owned car have two things to consider. The first is whether they want to shop at a Volvo dealership or take their chances with a private seller. The second consideration for Rockford residents is how they are going to pay for the vehicle they want to buy. In fact, the way you’re going to pay is likely going to determine where you shop.
Cash in Hand
Do you have a few thousand dollars lying around the house or put away in a savings account? For most people, the answer is a resounding no. Those who do have such large amounts of money usually want to save it for an emergency, such as when the air conditioning goes out or vehicle repairs.
Private sellers require cash or checks in hand, which means you’d spend all of your saved money buying the vehicle after haggling the price enough that you can afford it. When you’re finished buying the car, you still have to have enough money left over to cover tags, title transfer, and license plates, along with insurance.
Financing Options
When you choose to visit a car dealer, you may have to put some money down, but the tag, title, and license is usually covered in the contract. Therefore, you agree on a particular price, put that saved money as a down payment, and finance the rest of the cost, making it much more convenient.
A Volvo dealership is an excellent choice for those who want to finance their vehicle and pay it off over the course of a few years. Visit McGrath Volvo Cars Barrington near Rockford at https://www.mcgrathvolvocars.com to check out their new vehicle inventory today.
