How to Finance a New Car

"CATHY DROZ: I'm Cathy D. BILL ZERVAKOS: And I'm Bill Z with Two for the Road USA on behalf of Expert Village. CATHY DROZ: In this segment, we want to talk to you about the most important part of your whole transaction and that takes place in the finance department. You have many choices, it maybe a lease, finance, or cash. And we'll talk about some of those choices right now. We're now in the finance department, that dreaded little room. Well, you really don't have to be afraid of it. If you've done what Bill and I have told you in the beginning and you already have your credit score, not only that, we've hope you've looked for your alternative banking. That would be at your local bank, maybe your credit union, or a rich uncle has left you quite a bit of money. BILL ZERVAKOS: Rich uncle. I'm not a rich uncle, I don't have any rich uncle, so hopefully you have that all worked out. Another thing though that is very, very important you want to take into consideration, "How long are you going to keep the car?" And this is going to have a big impact on whether you lease, buy, or even pay cash. And this is something that you needed to talk with your CPA about before we even get to this point. And that again is something we referred to earlier, you need to deal with a professional. So with the price of cars today, it's critically important to do that. There are more things we need to talk about what's going to happen in the finance office and we're going to talk to you about that in the next clip."