Thinking about buying a new set of wheels? Do you already have your financing secured? You can go the traditional route and finance your new or used car through your bank, credit card company or through dealership options. But there’s another option you should strongly consider….your insurance company! Did you know you that some insurance companies offer financing? That’s right your current car/rental/life insurance provider may also offer auto financing.
I recently discovered this fabulous news when I called my personal agent to inform her that I bought a new car. She informed me that State Farm offers new and used car loans and auto refinancing. Who knew? (lol) Now we do!
Here are a few perks of State Farm Auto Financing…
Competitive annual percentage rates
24/7 online account access
No application fees
Pay off Protector - With Payoff Protector, the difference between the amount your auto insurance pays on a total loss claim and the principal balance you owe on your vehicle loan is canceled (subject to certain restrictions).
Financing is through State Farm Bank. Current rates are as low as 2.54% (new) and 3.04 % (used – 2015 & older). **all percentage rates are based on credit approval/history.**
So before you head out to the dealership, call your insurance agent to see if they offer auto financing. You never know, it may just give you an additional discount on all of your current policies. Consider all of your financing options so you can enjoy the car of your dreams at a budget friendly payment.
See you on the road!
By Kirstin N. Fuller
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**This is NOT a sponsored post.**