| Set your budget before setting your sights on the | | | | dough. Consider your monthly regular |
| car of yourdreams. Ask yourself: How will it be | | | | expenditures. |
| paid? Who will help payfor it? What is total price | | | | A monthly car payment should never impede |
| of the car I want? How long will ittake to me pay | | | | payment of fixedmonthly household expenses in |
| off the car? | | | | the household. If the buying thecar of your choice |
| People buy cars by cashing out the down | | | | will jeopardize your ability to pay all yourbills on |
| payment and paying thebalance installment. Some | | | | time, don't do it. Find a car that fits both |
| people pay for their new car directly,after | | | | yourlifestyle and your budget. |
| disciplined saving for that purpose. If you choose | | | | Many people wonder if it's important to change |
| tofinance your car, consider that you may end up | | | | cars every two tofour years. If you believe it is, |
| paying thousandsof dollars in interest than can | | | | consider cars offered on alease. Certain car |
| take years to pay off. | | | | dealers and lenders offer leases for cars. |
| What's the Budget? | | | | You pay a monthly amount, and return the car |
| Identify your budget limitations so you can begin | | | | after a set numberof years. No money is |
| shopping aroundfor financing, if that's the best | | | | refunded to you, and there is an allottedamount |
| option for you. Read the fineprint on everything | | | | of mileage you can drive without additional |
| before you sign papers for new loans. Somecredit | | | | charges. |
| unions and local banks offer interest rates as low | | | | Drive distance is negotiable, however. If you're |
| as 1.9percent, but that rate only holds for a | | | | not interestedin frequently changing cars, leasing is |
| certain amount of months. | | | | probably not the bestoption for you. |
| These interest rates can increase without prior | | | | Safe Loans? |
| notice - to thedetriment of anyone on a fixed | | | | It is safest to get a loan from a credit union or a |
| income. | | | | financialinstitution instead of a local car salesman. |
| Credit union membership can save you the | | | | Car salesmen arenotorious for blurring the lines |
| trouble of spending awhole day in a lender's office. | | | | between what you can qualifyfor, what you can |
| Processing loan applications isoften quicker, and | | | | truly afford, and what you are willing to pay. |
| immediate loans can go as high as $25,000. | | | | Those three things can vary significantly. Instead |
| Doing Research | | | | of goingstraight to a dealership, get information |
| Research thoroughly before taking on a car loan. | | | | from someone who can betrusted -- an expert |
| Car dealersoften issue unreasonable interest, so | | | | on auto financing. They can give youbeneficial tips |
| it's important to considera few things when you | | | | regarding your purchase. |
| are looking to finance a new car. Decideabout the | | | | Financing either a new or a second hand car |
| maximum amount you are willing to spend, and | | | | should be timeconsuming. If it isn't you probably |
| stick toyour decision like glue. | | | | haven't done your homeworkand won't get the |
| You may be approved for more credit than you | | | | best deal. Get the best car for you at the |
| can actually afford. | | | | bestprice for the car. It's your money that's at |
| Don't go over your maximum just because you | | | | stake here. Doenough research that you are able |
| can. Don't decideto buy the car of your dreams | | | | to make an informed decision. |
| just because some lender is willingto put up the | | | | |