Know your credit score before you shop.
Check Your Credit
Compare rates from multiple lenders (banks, credit unions, online).
Shop for Loans
Avoid very long loans to minimize total interest paid.
Shorten Loan Terms
A bigger down payment lowers your loan amount and interest.
Larger Down Payment
Agree on the car's price before discussing financing.
Negotiate Car Price First
Consider all costs (loan, interest, fees, insurance).
Calculate Total Cost
Understand the pros and cons of each option.
Leasing vs. Buying
Resist unnecessary extras offered by the dealership.
Avoid Add-ons
Carefully review all loan documents before signing.
Read the Fine Print