Goals page car photo: Buying a car.

You Can Afford A Better Ride

Having reliable transportation makes life easier. You don’t have to plan your schedule around someone else, and you won’t have to take public transportation unless you want to. But for most people, buying a car means taking out a new loan. According to an article on CNBC, Experian Automotive reported that the average American buyer borrows $27,000 to buy a new car. The same report found that an increasing number of borrowers were taking out 72 month loans.

If you have a structured settlement or annuity, you don’t have to take on new debt to buy the car you want. Sell some of your future payments to get a lump sum you can use to get behind the wheel of something new.

A New Car Can Bring Peace Of Mind

New cars are expensive, and they lose a lot of their value the moment you dive them off the lot. So, why would someone consider buying one when they can get something for a lot less by buying used? New cars can offer your peace of mind in several ways, including:

  • Bumper to Bumper Warranty: If something breaks down, you won’t have to pay to fix it
  • Better Gas Mileage: Newer cars can help you save money at the pump
  • Safety: New technology such as blind spot detection, rear view cameras, and lane change warnings can help you avoid accidents

Looking to spend a little less money? Recently, some dealerships began offering a “certified used car” program. This program allows drivers to get used vehicles that may have warranties similar to what they’d get with a new car. You might not get the best gas mileage or latest safety options available, but the car will still be new to you, and you have a warranty if anything goes wrong.

Buy Your Car with A Cash Lump Sum

You found the car you want to buy; now you just need to find a way to afford it. You have a structured settlement or annuity, but your payments come over a period of time. To get your car, you need more cash. If you don’t want to wait on your payments, one option is to sell them to Peachtree Financial. We can give you cash to use sooner.

Selling your payments to Peachtree is not a loan. You don’t have to worry about getting denied because you have imperfect credit. This is your money, we’re just giving you another way you can use it.

Only Sell What You Need

When you speak with your Peachtree Financial representative, let them know how much money you need. In most cases, you won’t have to sell all your structured settlement or annuity payments to get a lump sum large enough for your needs. Sell just what you need, and then receive your remaining payments at the same scheduled times.

If you’re thinking about buying a new car and you have a structured settlement or annuity, give us a call. One of our experienced representatives will be happy to answer your questions and give you a few options for how we can help you get your cash.

Peachtree Financial does not offer legal, tax, or financial advice. Please contact independent professionals for those services.

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