Financial Matters: Buying a car

PORTSMOUTH, Va. (WVBT) - Thinking about buying a car? There are going to be some great deals this fall.  Helping you figure out the best way to pay for that new vehicle is Paul Speight with BayPort Credit Union.  Watch the video for some tips!

Paul's tips include:
· Your financial institution can get you pre-qualified so you can begin shopping for the right car. Going into your financial institution to get pre-qualified is good because it lets you know what you can afford and keeps you focused.

· You may be able to save money in the end, as well as have extra money in your pocket each month.   Examine the savings of financing with a financial institution vs. taking the manufacturer's financing options.

· Getting prequalified means you will not get yourself into a loan that is out of your budget.

For additional information, please check out BayPort Credit Union's website at www.bayportcu.org .