Next: Check rates by city
Shopping for a car loan is just as important as shopping for the car itself. By shopping around for different auto loans, you’ll be able to find the best deal and save the most money. Learn how to shop for a car loan before you apply at the dealership.
Getting the Best Auto Loan Rates
Build a Relationship With a Lender and You’ll Get Better Car Loan Interest Rates Lenders are more likely to give a car loan to a buyer who they have a relationship with. If you’ve had a car loan in the past and made your payments on time, that lender knows that you’re a responsible car buyer and might offer you a loan or interest rate that other lenders won’t. This holds true with other[…] Read More.
Credit Unions are Primary Auto Loan Providers in Some Areas
Auto loan lenders differ depending on the region of the country you live in. During the recession, credit unions have stepped up and offered car loans to shoppers at good rates because they didn’t take the big losses from the housing foreclosure crisis like the major banks did. Credit unions have money to lend and are willing to take more risk t[…] Read More.
What’s Holding You Back From Applying For a Car Loan?
With car sales down to levels not seen in decades, automakers and dealers want to know what’s keeping consumers from buying cars. Recently, we did a story about data we received from CNW Research concerning the number of consumers who didn’t apply for a car loan, even though their FICO scores and credit history would have qualified them to be approved. These consumers believed they wouldn’t be a[…] Read More.
Strategic Ways to Shop for a Car Loan
With the economy going through some major changes right now, car shoppers should know that they can’t just go to the dealer, pick out the car they want, sign the paperwork and drive it off the lot. “The days of no money down, walking onto the lot with checkered credit are over,” says John Ulzheimer, president of consumer education for Credit.com and a CNBC contributor. Buyers need to have a […] Read More.
- How to shop for a car loan
- Check rates by city
- Check rates by credit score
- Find an auto lender
- Dealer/Finance manager advice
- Auto loan basics
- Compare loans
- Used car loan rates
STEP 4: Car loan shopping | Check rates by city |