Car Financing; Shop For Best Deal

One of the biggest expenses when buying a car, is the financing. The finance manager at a dealership only gets paid when you contract at a higher rate than what he can buy the money for. Lets say you qualify for 5.9%, the finance manager is going to make a point or maybe even 2 points and charge you 7.9%. Shop around and always check the bank you do your banking with. Also, check local credit unions that offer auto loans to the public. If you shop the best deal, you will save 10 to 20, maybe even 30 or 40 dollars a month. Multiply this by the number of months that you finance the car. Dont forget to check online sources for auto financing, those at the top right of this page are great starting points.