The holidays are rapidly approaching and with them come great opportunities to save money on big ticket items. You can find outstanding deals on just about everything from a new curved TV to a new car. In fact, Christmas Eve ranks only slightly behind New Year’s Eve as the best day of the year for automobile purchases. At the end of the year, car dealerships reduce prices in order to make room for next year’s models. In addition, salespeople who are just short of meeting their quotas or earning their annual bonuses are more likely to come down on price to close the deal. The interest rate for car loans is currently about 4%, so you may want to discuss financing terms with your bank.
A Home for the Holidays
The period between Thanksgiving and New Year’s Day is a good time to purchase a home because December usually sees prices at a 12-month low. Another point in your favor is that other buyers may not want to house hunt in the snow or substitute home shopping for holiday shopping. With fewer buyers knocking on their doors, sellers may be more motivated to accept lower offers.
Go Visiting or Just Get Out of the Cold
Whether you’re looking forward to the warmth of a family get-together or looking for a break from freezing temperatures, winter is a great time to travel. And while charging those vacation expenses to your credit card might be tempting, talk to your bank’s loan department first. Personal Installment loans carry a fixed interest rate that may be lower than your credit cards’ rates.
Make holiday dreams a reality with a loan from The First.
Click http://www.fnbn.com/lending to see which loan is right for you.
What’s at the top of your holiday wish list? Leave a comment below to let us know.