https://www.financeglobe.com/post/5-questions-to-answer-before-applying-for-a-car-loan/ Personal Finance Tips & Tools Thu, 17 Dec 2015 23:41:00 +0000 hourly 1 https://wordpress.org/?v=6.9 https://www.financeglobe.com/post/5-questions-to-answer-before-applying-for-a-car-loan/#comment-116 Thu, 17 Dec 2015 23:41:00 +0000 https://www.financeglobe.com/tools/2015/12/03/5-questions-to-answer-before-applying-for-a-car-loan/#comment-116 One important thing to note on obtaining financing from the dealer. They will focus entirely on your monthly payment dollar amount. A dealer will be able to manipulate your monthly payment by deferring the length of your loan. You need to consider all aspects of the loan (interest rate, loan amount, and term) to make sure you are getting a “market” loan based on your credit score and income level. It is very important to do a ton of research before walking in there to buy a car if you are planning on using dealer financing. Sometimes dealers can offer very good rates, but you want to make sure you have the adequate information to have a knowledgeable conversation about financing.

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