You? 've Probably spent years thinking that your dream car is out of your reach. But you have about a car loan? In this car? 've Always wanted could be just within your reach!
America is a nation of car owners. With over 133 million cars on the road, which means that there are 1.24 cars to every house in America! The amazing fact is that over 70% of these vehicles are purchased using car loans.
With a wide range of car loans available such as direct loans or dealer loans, it? S hard to know how much you can afford, or which is best for you. Follow these top ten tips and you can not go wrong!
Top ten tips? Get the car loan for you
1. First and foremost, check your credit rating. If you have a credit score below 600, you may need to finance your car purchase with a loan bad credit car. These loans have interest rates higher, but if you keep your repayments you will increase your credit rating. Eventually you? Will be able to refinance your auto loan at a better interest rate.
2. Spend time researching how much your dream car costs. Try finding price comparisons of local dealers, magazines and online. There are bargains out there!
3. Calculate your monthly income minus all your expenses to determine how much you can afford on a monthly basis. Stick to that budget or you? Find the car loan repayments difficult.
4. Make sure you have enough money for the down payment. Loans have different requirements for this? Always check the fine print!
5. Don? T just settle for the car loan rates by the manufacturer or the dealer you buy the car from. They can be exorbitant. Even if they try to attract you with 0% interest rate advertisements, only people with perfect credit ratings actually qualify for these offers.
6. Do your own research and shop around for the best price for you. Seek advice from banks, credit unions and lending institutions. In addition, the online search for car loans also. Some of the best rates are available, it can save you a lot of time looking for them is absolutely free.
7. Try to find an auto loan with an affordable monthly payment you can pay off in the shortest possible time. If you can not pay your car loan within three years instead of five, you will save yourself a lot of money in the long run.
8. Now you understand what you can afford, is that dream car within your reach? If this is the case - bonus! If loan payments car does not match your budget and seriously reconsider buying a car, you know you can afford.
9. Once you find the best deal for you, get pre-approved for auto loan.
10. Be strong when you visit the dealership. Know that they will try to persuade you to take another financing option, but just say no. Sticking with the car loan that you are getting the best loan for you.
Article Source: http://EzineArticles.com/?expert=Peter_Siu
America is a nation of car owners. With over 133 million cars on the road, which means that there are 1.24 cars to every house in America! The amazing fact is that over 70% of these vehicles are purchased using car loans.
With a wide range of car loans available such as direct loans or dealer loans, it? S hard to know how much you can afford, or which is best for you. Follow these top ten tips and you can not go wrong!
Top ten tips? Get the car loan for you
1. First and foremost, check your credit rating. If you have a credit score below 600, you may need to finance your car purchase with a loan bad credit car. These loans have interest rates higher, but if you keep your repayments you will increase your credit rating. Eventually you? Will be able to refinance your auto loan at a better interest rate.
2. Spend time researching how much your dream car costs. Try finding price comparisons of local dealers, magazines and online. There are bargains out there!
3. Calculate your monthly income minus all your expenses to determine how much you can afford on a monthly basis. Stick to that budget or you? Find the car loan repayments difficult.
4. Make sure you have enough money for the down payment. Loans have different requirements for this? Always check the fine print!
5. Don? T just settle for the car loan rates by the manufacturer or the dealer you buy the car from. They can be exorbitant. Even if they try to attract you with 0% interest rate advertisements, only people with perfect credit ratings actually qualify for these offers.
6. Do your own research and shop around for the best price for you. Seek advice from banks, credit unions and lending institutions. In addition, the online search for car loans also. Some of the best rates are available, it can save you a lot of time looking for them is absolutely free.
7. Try to find an auto loan with an affordable monthly payment you can pay off in the shortest possible time. If you can not pay your car loan within three years instead of five, you will save yourself a lot of money in the long run.
8. Now you understand what you can afford, is that dream car within your reach? If this is the case - bonus! If loan payments car does not match your budget and seriously reconsider buying a car, you know you can afford.
9. Once you find the best deal for you, get pre-approved for auto loan.
10. Be strong when you visit the dealership. Know that they will try to persuade you to take another financing option, but just say no. Sticking with the car loan that you are getting the best loan for you.
Article Source: http://EzineArticles.com/?expert=Peter_Siu
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