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A lot of terms can get thrown around when trying to buy a new vehicle. It can be intimidating to new buyers when a dealership uses a bunch of terminologies they aren't familiar with. Let's discuss terms like APR, credit score, financing, pre-approval and more.

We're sure you're familiar with your credit score, but maybe you don't know how it can affect your ability to get approved for financing. Depending on how high your score is, your approval process can go a variety of ways. The higher your score, the lower your APR might be…

Buying a used vehicle in Clarkston, MI can be stressful and frustrating. At the same time, it can be fun and thrilling. If you happen to be getting the upper hand in negotiations with a used car seller, then you are probably feeling very confident. However, there is one factor that you have to look out for: That is the closer.

Sometimes the salesperson is not able to get the type of deal that is desired by the buyer. At this point, they take it to the closer. The closer is there to get a few hundred dollars more out…

Sometimes, your financial circumstances change. A once affordable car payment may become too much to pay. At these times, a car owner has to consider refinancing in order to get a lower payment or trading in to get a less expensive car. What is the best route to take?

If it is possible to refinance and get a lower payment, that is often the best way to go. However, refinancing may not significantly lower payments. Lenders are often not willing to refinance cars that are older or that have a lot of miles on the odometer. 

Your credit score can determine what kind of financing you can secure for a new vehicle, if any. If your credit score is low, then you face not being able to get a vehicle loan from a lender. We here at Bowman Auto Center try to work with our customers to get them the financing that they need. If your credit score is too low, we have some tips for increasing that number so you can get the vehicle you deserve.

• Pay off your credit cards as quickly as possible. The more debt that you have, the lower your credit…

You may be in a situation where you have payments that you can't make on your car. Maybe your interest rate is way too high. You might be considering trading in your vehicle or refinancing your vehicle. What are the positives and negatives?

If you refinance your vehicle, you might be able to get lower payments and a lower interest rate. If you have an older vehicle, it might not be advantageous, and a lender might not allow your to refinance. If you trade your vehicle, this may lower your payments, and it will allow you to get a…