2007-02-12 17:26:29 · 5 answers · asked by Dan s 1 in Business & Finance ➔ Credit
Finance using a simple interest loan. That way, you won't pay front-loaded interest, taking a hit for paying the loan more quickly. If it's feasible, don't finance for more than 36 months. Beyond that, the value of the vehicle may be less than your loan balance.
2007-02-12 17:33:53 · answer #1 · answered by Rob D 5 · 0⤊ 1⤋
Well what I did was go buy a car, they will go over the finances when you get to that stage. Or you can go to your local bank and take out a auto loan and then go buy a car, having already made the financial arrangements before walking into the dealership.
2007-02-13 02:09:28 · answer #2 · answered by nickhawkins21 3 · 0⤊ 0⤋
First, I would go to your bank or credit union. Ask them for the loan 1st. Once you find out the interest rate on your preapproved loan, goto the dealer and tell them if they can beat the interest rate your bank gave you, you'll go with them. The catch? Refuse to tell them the interest rate the bank quoted you ... they will have to give you the best deal they can or lose your financial business. Believe me, they'll try to get you to tell them, but just be firm and wait for their offer. And yes, this does work, my husband and I did it when we purchased our last car ... and guess what? The car dealership gave us a much better rate! Good luck.
2007-02-13 01:34:43 · answer #3 · answered by Kristi 3 · 0⤊ 0⤋
Try the below site it has many resources including a free debt management software program.
2007-02-13 05:24:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
buy, don't lease. get a loan you can handle and you'll have something for later. a lease isn't good for anyone but the leasing company. they get your money, AND they keep the car, too!
2007-02-13 01:32:14 · answer #5 · answered by de bossy one 6 · 1⤊ 0⤋