Along with our stunningly low rates, we also offer a number of other incredible services that include:
- Flexible repayment options
- Low or no fees, including no prepayment penalties
- Free car buying services
- Optional insurance protection
- Online application
- We refinance too!
At TopLine, we want to make it easy for you to get the best deal without the stress or pressure of purchasing a new or new-to-you car. So before you come in, here are three simple steps to make this process quick and easy.
Check your credit report
Request your credit report from one of the three credit bureau reporting agencies: Experian, Equifax, and TransUnion.Equifax Credit Information Services: 1-800-685-1111
For more information about credit reports, see:
- Free Credit Reports
- Disputing Errors on Credit Reports
- How Credit Scores Affect the Price of Credit and Insurance
Tip: This is a really good time to correct any inaccuracies that may have been reported those reports of . This can save you from losing a lot of money in the future and further damaging your credit score.
Shop around for the best rate
Make sure you are getting the best rate for you and your budget. Eight out of 10 car buyers finance at the dealership, according to the nonprofit Center for Responsible Lending. Though this option may seem more convenient, it may come at a cost and a higher rate. Contact TopLine at 763-391-9494 to get pre-approved or apply online.
Tip: “Credit union rates tend to be about 1-1.5% lower than banks,” Jim Hanson, vice president at the Credit Union National Association in Madison, Wisconsin.
Choose the shortest loan you can afford
Car prices continue to rise and with that loans have gotten longer. However, the longer term you have on your loan — though it may reduce your monthly payment — the higher your total cost will be when all is said and done. That’s because as each month passes, interest continues to accumulate, which adds up and in the end you could be paying thousands of dollars more than you thought.
To calculate and compare auto loans, click here.
Tip: Know your budget and what you CAN afford before you start the application process.
Bonus Tip 1: Limit your loan shopping to a two-week period
Every time you apply for a loan — whether you are approved or use it — your credit score may decline slightly and each time you re-apply for financing, it gets a little harder to get the best rate you deserve. So make sure you process all your applications within a two-week period to prevent an unnecessary credit score dip.
Bonus Tip 2: You can be pre-approved before you walk on the lot
At TopLine, we work with a number of reputable independent franchised auto dealerships representing all brands throughout the Twin Cities area. With these participating dealerships, you are able to fill out a form that details what type of vehicle you are looking for and the TopLine financing can be done prior to visiting the dealership! This eliminates the hassle and stress of financing at the dealership and waiting for hours for it to finalize, thus making the whole auto purchasing process less time consuming and stress free.
We are here to help you through the auto buying and financing process. We look forward to making it easy for you to purchase, finance or refinance your dream car! Contact us at 763-391-9494 or email Ask@TopLinecu.com.