I'm looking into buying my first car and am very excited! I just want some advice as to how to get the best auto loan. I'm looking at borrowing $14,000 USD. I have very good credit and I'm a single, 24 year old female. Has anyone taken out a similar car loan? I'm hoping to get $300ish/mo. payments. I'd like any advice on where the best place to find auto loans is. Has anyone ever used Lending Tree, for example?
2007-05-22 13:52:29 · 4 answers · asked by Cochy 6 in Cars & Transportation ➔ Buying & Selling
I wish to buy a new car from a dealer. I don't know if that info is needed...
2007-05-22 13:52:53 · update #1
Here's a few resources you can check online...
Check auto loan rates in your area through bankrate.com
http://www.bankrate.com/brm/rate/auto_home.asp
Capital One Auto Finance has good rates (keep in mind the rates on their main page are for people with the highest credit)
https://www.capitaloneautofinance.com
Depending on the car you decide to buy, the vehicle manufacturer may be offering a "special incentive" interest rate lower than anything you could get from a 3rd party lender, here's a page of current vehicle incentives:
http://autos.msn.com/home/rebates_all.aspx
Whatever you do, if you do decide to get financing through a dealership, don't allow them to start talking payments. This is a classic way to hide fees and the true costs of the vehicle. Just stick with the basics -- the price of the car and the length & interest rate of the loan. And don't feel pressured to commit to anything you're not 100% comfortable with.
2007-05-22 14:30:31 · answer #1 · answered by nevergonnaletyoudown 4 · 0⤊ 0⤋
1
2016-09-26 06:42:51 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I work in the car business. Credit Unions are usually the best place. If you belong to one go through them. If not see what your bank can do for you, car dealerships usually go through the same bank that the average person uses, unless they're getting an incentive from the manufacturers financial institution.
You can negotiate your interest rate at the dealer when purchasing a car. Tell them you're getting 6.25% for another lender and see if they can match it or come close.
2007-05-22 14:45:48 · answer #3 · answered by Frank B 2 · 0⤊ 0⤋
Visit this site so you can find the best rates: LOANHUNTER.NET
2014-05-08 02:43:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Try https://tr.im/1rBPk
2016-07-19 14:33:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋