Jill Merriam Key Hyundai Blog

Get the facts about bank loans before buying a new or used car

November 6, 2017

What is your obligation to a bank when obtaining a car loan?There’s misleading information out there on how bank loan affect car ownership, and you should know exactly why it’s wrong wrong wrong, and educate yourself before financing a new or used car.

What a bank loan means for you and your car

Bank loans affect you and your vehicle for the life of the loan, and Jill Merriam, Dealer For The People at Connecticut’s Key Hyundai wants to make sure you have all the information you need to make smart financial decisions.

Too many new and used car customers don’t recognize where a bank comes into play with car ownership. Don’t worry, the Dealer For The People spells it out in this Nicer, Newer News video.

Put to rest the misconceptions that have the potential to get you into financial trouble if you’re not paying attention.

Listen here:

No, you can’t return your car to the bank. Your obligation is to see that loan through to completion, and that can happen in a variety of ways, but returning the car is not one of them.

Do you have any questions about obtaining a car loan or how you can drive a nicer, newer car? Key Hyundai automotive experts are here to help! Email us at wecare@keycars.com and we will find a solution for you!

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