Category Archives: Financing

car loan documents and handing over of the key to the customer by the dealership executive

Mistakes That Should Be Avoided While Taking a Car Loan.

Cars are indeed close to us; we consider them as one in the family. We care and use the cars we buy with so much love and it will be sad to see our favorite machine being taken away from us. This usually happens with unknown hidden charges and other policies that you might not have taken seriously.  Automobile purchase is an exciting experience, but it also necessitates a significant level of work, which involves research to discover the best car within your budget, financing possibilities, and so on. It is always best to be prepared when seeking to buy a car and considering getting a loan. Carizma Motors in Lubbock, TX has got amazing financing options for you!

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A stock photo of people shaking hands after completing a deal.

Car insurance might be required but it doesn’t have to be expensive

How can I make car insurance less expensive? 

When someone is in the often arduous process of buying a vehicle, they must come to terms with their entire financial situation. Certainly, the price of the vehicle is important, but it isn’t the only number to consider. Buyers certainly need to understand annual maintenance costs, monthly fuel costs and, of course, insurance. Maintenance and fuel costs can be controlled a little bit by keeping up with oil changes and driving as efficiently as possible. The cost of insurance can also be mitigated if you know where to start. If you’re wondering, ‘How can I make car insurance less expensive,’ the financial wizards at Carizma Motors are here to help. Before we start, it is important to note: We are not licensed insurance agents. Your situation is unique to you. Consult a licensed agent for more specific information.  Read the rest of this entry >>

A stock photo of some people completing a deal.

A co-signer can be useful, but there are risks to be aware of

What does a co-signer do for a car loan? 

Very few people are going to be able to come up with several thousand dollars to buy a car, truck or SUV. Most Carizma Motors customers are not only coming to our dealership with the goal of buying a new (to them) vehicle but also looking for the most affordable financing options available to them. One of the ways someone with a low credit score can find a loan is to have another person with a higher credit profile act as a co-signer. So, what does a co-signer do for a car loan? A co-signer isn’t a character reference. Someone acting in this role is essentially promising to take over the payments if the primary borrower falls behind on the load. Let’s take a closer look at a few other helpful pieces of information.  Read the rest of this entry >>

A stock photo of cars lined up in a showroom.

Do you have enough saved for a downpayment?

How much should my used car down payment be? 

There are not many people who can walk into a car dealership and buy a vehicle with cash. It simply isn’t a reasonable expectation. However, that means that Carizma Motors customers will need to obtain some kind of help financing their vehicle purchase. If you’re in the market for a pre-owned vehicle, but you might be in a tight financial situation, you might be wondering, ‘How much should my used car down payment be?’ According to the automotive experts at Edmunds.com, people looking to financing a used car, truck or SUV should aim to put down at least 10 percent of the purchase price when they’re working on getting a loan. Our product expert team works with people who might be in a less-than-perfect credit situation. Let’s take a look at a few things you might need to know.  Read the rest of this entry >>

Person with money in hand and using a calculator

What are my options if I finance a vehicle?

Can you shop around for car loans?

It is time for a new vehicle. This can be both an exciting as well as an exhausting process. You have to decide on a make and model, new or used, the number of miles and so much more! One other thing that you have to think about is paying for the vehicle outright or financing it. Can you shop around for car loans? Yes! You absolutely can shop around for car loans. Learn more below.

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Person working on paperwork

What are my payment options for a used vehicle at Carizma Motors?

Is it a bad idea to finance a car through a dealership?

When it is time to purchase a new or used vehicle you have many options when it comes to payment. You can pay cash if you have enough, or you can get a loan. The loan option is available through the bank or through the dealership. Is it a bad idea to finance a car through a dealership? There are actually quite a few benefits of financing a vehicle through a dealership. We will explore some of them below.

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Person using a calculator

Where should I get a loan from for my vehicle?

Is it better to get an auto loan from a bank or dealership?

It is time to purchase a new vehicle which can be both an exciting and stressful time. You are looking at financing your new vehicle, but you are questioning, “is it better to get an auto loan from a bank or dealership?” You have come to the right place. While we will not specifically answer this question for you, we will give you things to think about with both options so that you can make an informed decision.

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Couple looking stressed about financial situation

Bad credit or no credit and in need of a new vehicle?

What are the benefits of a buy here pay here dealership?

You are in the market for a used vehicle. However, you have unfortunately had a set of tough circumstances come your way and you have less than perfect credit. You are not able to purchase a used vehicle with the help or a lending institution, so what can you do? Have you considered visiting a buy here pay here dealership? Wondering what are the benefits of a buy here pay here dealership? Keep reading to learn more about working with a buy here pay here dealership such as Carizma Motors! Read the rest of this entry >>

Business man pointing as words loan approved

Learn more about buy here pay here car dealerships

Myths about buy here pay here car dealerships that are not true

You have just located the perfect new-to-you vehicle. It is not too high on miles, it is safe, and it has s great fuel economy. You tell your friends and family about the vehicle, and they get caught up on one detail: it is located on a buy here pay here car dealership’s lot. You do not see it as a big deal, but everyone else begins to tell you about why you should not purchase a vehicle there. Keep reading as we discuss myths about buy here pay here car dealerships that are not true! Read the rest of this entry >>