Can I Include My Stereo on a Car Loan?
When you get a car loan, the loan will encompass the entire cost of your car minus the down payment. When you are buying a car, your stereo is obviously part of the car and is thus included in your loan. If you upgrade the factory stereo (e.g., adding a multiple-disc CD player), you can still get that covered in the loan.
I Want to Listen to My Tunes!
When you are ready to get a car loan, you need to get an estimate on the amount of the loan. If you go to a financial institution to get your loan, they will give you an estimate based on what the car is worth. If you upgraded your stereo to top quality, that is going to make the car more expensive. This will drive up the estimate of the loan to include the stereo. If the stereo is more of an afterthought, you might not be able to get it covered in the loan. Be sure of what you want; that way, when you go to apply for your loan, you take out the right amount. Including your stereo in your car loan is common, and it works the same way as including any other costs in your loan. It all comes down to the estimate of how much the car is worth. If you get the bare minimum on your car, then it is obviously going to cost a lot less than the same car with all the bells and whistles. The lower the price of the car, the lower the cost of the loan.
There Is Nothing Wrong with Noting the Upgrade
Don’t worry about thinking that you will be pulling a fast one on the loan. The loan, however, will not cover anything dealing with the stereo outside of what can be done by the manufacturer. So, for example, if you want to go to your local stereo shop to get a new set of extra large speakers, that must be kept separate. You cannot use a car loan for that purpose. A car loan can only cover the upgrades you make to your stereo through the manufacturer at the time of purchase. The loan will work for a stereo the same way it will work for upgraded features like anti-lock brakes, tinted windows, etc.
So go ahead and get the upgrade in the stereo system. If you want it and can afford it, you should get what you want. The loan will cover it when you upgrade at the point of purchase. The estimate for the loan will take it all into account. The important thing is to make sure you can cover the extra expense. You do not want to get upgrade-happy and then find yourself unable to pay off the loan. So it is up to you to set the features on your car. Your loan will be able to cover it, but don’t get in over your head.
Recent Articles
We Have Decades of Experience In Digital Asset Acquisitions
Budgeting
Brand Protection
Strategy
Appraisals
Acquisition
Transfer & Registration
Market Research
Contract Negotiation
WHY WE’RE TRUSTED
We’ve Done Half a BILLION Dollars of Domain Deals
Domain Transactions
1,000sDomain Name Sales
$550M+Years of Experience
15+WHAT PEOPLE SAY
Real Success, Real Clients
"When starting a company, the Saw.com broker service team are some of the first people I call. A memorable name, and the domain and social handles behind it, creates a huge amount of brand equity right out the gate — no matter how big or how small your company is. From diapers.com to jet.com (and many more to come!) the Saw.com domain broker team has helped my companies be seen."
MARC LORE
Serial Entrepreneur
"We have worked with Saw.com since their inception and would not work with anyone else. They help us in all facets of business - from sales and transfers to renewals, SSL issues and any other matters that may arise. You will not find a better, more trustworthy business that has maximized our profits."
FUTURE MEDIA ARCHITECTS
WHY CHOOSE US?
Nobody Does Domain Deals Better
Deep Experience
Our team is full of domain experts and our CEO, Jeffrey Gabriel, has contributed to $550m in domain transactions including blockbuster sales like the record-breaking $13m for Sex.com.
Intimate Service
We only work with individuals and corporations who we feel can gain the most impact from our services. We're not a high-volume shop, so you never become "a number on the spreadsheet".
Secure Marketplace
Saw.com's global marketplace brings buyers and sellers together for seamless domain transactions. We have more domain data than any other platform, with 250,000+ names listed for sale.
Quality Brokers
Work with our brokers - the brightest minds in the business and stone-cold killers when it comes to buying and selling domains. We speak English, Spanish, Chinese, Russian, and more.
Ready To Give Your Brand a Boost?
Acquire the best domain for your business with Saw.com, one of the world’s leading brokerage firms.