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How do you get the best car loan deal?


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Wiki User
2012-08-03 11:45:55
2012-08-03 11:45:55

Whenever looking for car loan deal you need to remember the following 4 point :

1)Lower rate: Compare the rate of interest of loan and select the lowest rate.

2)Hidden charges: See if there are any hidden charge. Ask for full details.

3)Loan amount: Compare how much loan amount you would get i.e. 80% of car amount or 90% of the car amount

4)Penalty for advance payment: Also see that there is no penalty for advance monthly payment.

Shop Around

Do your research and shop around. Know what what your credit score is and know what the 'average consumer is getting with a score like yours. Remember, the longer the loan term the higher APR you will get. Also check out Nationwide Autolending, i heard they are having the best Auto Deals in nation. Try it out.

Getting Best Car Loan at Low Rates

If you want to find the best car loan rates then you'll need to hunt them down. There are several lenders that announce very low car loan rates; however these offers are usually only valid for those with excellent credit scores. This doesn't mean that good rates can't be found for those with average and even poor credit, it just means you'll need to search a bit harder to find the best rates.

Nowadays the Internet is big world to get best deal for anything. Just go there and find for sites who provide car loans there are lots and lots of sites available who provide all types of car financing loans just open the site and fill out small enquiry form they will contact you within 2 to 3 business days if you will qualify otherwise try some other place.

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Some of the best deals on used car loan rates are found right at the car dealership selling the used car. If the used car is being purchased directly from an individual, the best deal for a loan would be from a local bank.

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It would be best to call around to different car agencies who sell cars to find out the loan rate. Most car dealers have finance services that deal with the car loans.

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Usually buying a car outright is a better deal if you can pay upfront without a loan. If you do need a loan, then depending on the deal you get for the loan vs. the lease it can be a better deal to lease, but not usually.


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