Navigating a World of High Interest Rates

We can all agree, high interest rates are no fun! A new car is plenty expensive on its own, and nobody wants to pay an arm and a leg in interest every month. Interest rates have risen greatly over the last 6 months or so, making it more important than ever to do everything you can to keep your rates low. At Ole Ben Franklin Motors, we know a thing or two about interest rate tips in Alcoa, TN. To learn more and get some quality help with financing, continue reading below.

How to Get the Best Deal on Your Interest Rates

The best interest rate tip in Alcoa, TN, would have to be to raise your credit score. Raising your credit score is the only surefire way to knock those pesky points off of your interest rate. Fortunately, while it may take some time, improving your credit score is possible for just about anyone.

Your credit score is tied to five different financial factors; payment history, amounts owed, new credit, length of credit history, and credit mix. Some things you can do to try and raise your credit score include paying down some of your debt, having a diverse credit history, and making sure all your credit card payments are on time. Applying for a new credit card or loan often lowers your credit score a little, so be sure to avoid doing so before you shop for a car.

Ole Ben Franklin Motors’ Finance Department

At Ole Ben Franklin Motors in Alcoa, we specialize in getting people into the right vehicle. We have an inventory of vehicles you’ll love and a dedicated team of finance specialists to help you make it all work on paper. Our credit experts are here to help you navigate the loan or lease process and get you the best possible interest rate on your next vehicle purchase.

Shop Our Inventory of New and Used Vehicles

Are you ready for an upgrade? Shop for a new Mitsubishi car or SUV in Oak Ridge, TN, at Ole Ben Franklin Motors. We have all the most popular models like the Mitsubishi Outlander and the Mitsubishi Mirage. Looking to upgrade on a budget? Ole Ben Franklin Motors of Alcoa has an excellent selection of pre owned cars, trucks, and SUVs for sale. With used models from all your favorite manufacturers like Mitsubishi, Nissan, and Toyota, you’re sure to find a deal you’ll love!

Schedule a Test Drive in Alcoa, TN

When you’re confronted with so many quality vehicles for sale, it can be tough to determine which is the best fit for you at first glance. That’s why we advise all our clients to take a few of their favorite vehicles out for a test drive. Contact Ole Ben Franklin Motors of Alcoa to schedule a test drive at your earliest convenience.