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Car Loan Tips

How much can you afford to pay for a new car? Should you finance your new car at the dealer or get a car loan from a local bank or credit union. Financing a new car purchase requires some research if you want to get the best rates and lower your monthly payments. Before venturing out to the car dealerships uninformed, let's take a look at what you will need to know about the car buying process.

Financing a new car purchase requires some research. Before venturing out to the car dealerships uninformed, let's take a look at what you will need to know about the car buying process.
 
First of all, about 70% of all new car purchases are financed. So unless you plan on paying cash for your new car, or you are going to apply for a car loan, chances are you will be financing your purchase.