3 Ways To Get The Lowest Interest Rate On Your Car Loan
If you’re like the average American, chances are you buy a new car every five years or so. Most people need an auto loan when they buy a new vehicle, whether it’s a car, truck, SUV or van and since the interest on auto loans can add up over time–especially on a five or seven year loan!–it’s important to try and get the lowest rate possible on your car loan. So find a low rate car loan by
Getting your loan before you shop!
If you wait until you get to the car lot to think about financing, the dealer will try and push “dealer financing” on you. That’s because his financing usually comes with extra “padding” to make you pay more–and to boost his bottom line. The interest rate on dealer financing is often 3% higher than financing from a bank, credit union and or online loan company. So get a loan before you shop for a car. Another bonus: you’ll have more negotiating power for the price of the car since the dealer knows you’re a financially stable customer.
Knowing the current rates!
You’ll never know if...
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