Cars and Loans..

Hello good people!
Welcome back to my blog.

Let's talk about cars and loans..

As i read earlier.. When you decide to buy a car, there are several options when it comes to getting a loan. You can check with several banks or other lenders to get a preapproval loan. Get that preapproval before you go to buy a car and take the with you when you go shopping. Having a loan offer in hand when you shop for the car puts you in a strong position. For most people, concentrating your applications in a short period of time can minimize the effect on your credit score. Any negative effect will be small while the benefits of shopping around could be big.

You shop around to get a good deal on your new car, so why wouldn’t you shop around for the loan to pay for it? Most people don’t. They go to the dealer without doing any homework.

I suggest you if you decide to loan a car, choose the shortest loan you can afford.
As cars have become more expensive, car loans have gotten longer. You can now finance that new set of wheels for less than 10 years. The longer term reduces the monthly payment, but it will also drive up your total cost.

Okay.. I think that's enough for this topic about the Cars and Loans.
I hope you enjoy...