Tips for Paying Off Car Loan Quicker

Paying off your used car may seem like a burden, but there are effective ways you can pay it off faster without upsetting the dealership. Here are some quick and easy tips for speedily paying off your car loan.

Try Bi-Weekly Payments

If you pay half your monthly payments every two weeks, you may be able to reap some excellent rewards. Because you’d be making the payments more often, less interest will accrue. This would save you money in the long run. Also, because you’d pay every two weeks, you’d end up making an extra payment because 52 weeks in a year becomes 26 payments total.

Round Up Monthly Payments

Instead of paying $278.13 every month for your 2017 Chevrolet Spark LS, why not try rounding up to an even $300? That’s an extra $22.87 you’re adding every month, and after an entire year, that’s $274, just shy of an entire extra month’s payment. Just adding an additional chunk of change to your payments can be an easy way to save money in the long term while not forcing you to pay too much more out of your monthly expenses.

Make One Extra Payment

Bi-weekly payments or rounding up can be tough, but making a single extra payment a year can help you immensely in the long run. If you divide your monthly payment by 12 and add that number to every payment you make, by the end of the year you may have paid off an entire extra month. For example, $278.13 divided by 12 months equals $23.18. So, you could just add that to every payment, and by the end of the year, you’d have paid off an entire extra month.

Of course, you might want to check with the dealership for all of these tips, because you may be penalized for making extra payments or paying the loan off before it’s due. But most quality dealerships like Eastside GM may be willing to talk and lead you through any questions you might have. So get paying today!

Tips for Buying Your University-Bound Teen a Used Car

If your older child is heading off to university soon and needs a vehicle, you will probably have to help him or her make choices about buying a car and may even be handling the payments. A quality used car can help your teen get to classes on time, meet friends and hold down a part-time job, and we’d like to offer you a few helpful tips for finding the right vehicle.


Buy from a Dealer


Buying a pre-owned vehicle from a dealership can offer you a variety of benefits. Not only are many dealer cars certified, which can offer you peace of mind when it comes to quality, you can benefit from a dealer’s knowledge about different makes, models and model years. If you cannot pay cash or have only a small down payment, a dealer may be able to help you with in-house financing to help get your teen behind the wheel quickly.


Do Your Homework


Before you head out to your local dealership, sit down with your teen and create a list of questions that need answering before you shop. You can talk about what you can afford to spend, how much money you will be putting toward monthly payments, and who will be paying for insurance and maintenance costs. You can also perform a bit of research on the makes and models your teen is interested in so you can narrow down your choices before you visit our lot.


Remain Realistic


Not all used cars are created equal, but it is important that you and your teen remain realistic when it comes to what you can afford. Your child might have his or her eye on a pre-owned sports car because it might turn heads on campus, but standing firm and guiding him or her toward a reliable and safe vehicle may serve you both better in the long run.


Buying a used car for your university-bound teen can be a challenge. However, with careful planning and cooperation, you and your child can reach a choice that will benefit and satisfy you both.

Finding the Right Used Car Dealership

Once you’ve settled on the decision to buy a used car, it’s time to find the best place to shop for it. That’s not always easy; you have plenty of options.


Naturally, we feel we’re the best place for you to shop. But you have to make up your own mind. Here’s what we think it makes sense to look for in a used car dealership.


Using an Established Business


Of course, you could buy your car directly from another person. But by going that route, you won’t get the security of working with an established business like ours, with a high level of service and customer satisfaction.


Do a Little Background Research


Used car dealerships can get rated and reported. Take the time to research two or three dealerships in your area. We’re confident in our service, the transparency of our pricing, and the customer satisfaction we offer, so we hope you’ll take a look at how we stack up.


Comparing Your Options


Once you’ve narrowed down your options, you still want to be as certain as possible you’ll be happy with the place you selected. Here’s how to know you’ve found the right dealership for you:


  • Service: Do you get attention when you walk onto the lot?
  • No-rush attitude: Do you have plenty of time to ask questions (and get satisfying answers)?
  • No-pressure selling: Do you feel relaxed during the process—or like you’re being rushed into a sale?


We know the best customers are happy customers, the ones who come back every time they want to buy another used car. We don’t believe in pressure or other hard-sell tactics, because we want to make sure we give our customers the time they need to make a purchasing decision they’re happy with. That’s why we want you to make sure you feel comfortable doing business with us. We believe you will.