How to get a good finance deal on a car loan??

Hi,


I%26#039;m planning to buy a car through finance option. I would like to ask on how to get a good finance deal with both the dealer and the bank on finance deal. Can anyone help me enlighten on these topics as this is my first loan!!|||The best way to get good rate is to secure financing before you go see the dealer. They will usually offer to beat your rate.|||Car Loan Guide: http://carloanguide.automobile... Report Abuse
|||this is great place to get quotes for a car loan, it only takes a minute and it%26#039;s free.|||Capitol One Auto finance seems to have the best rates - Make sure you understand that most of the time %26quot;higher rates%26quot; are not particularly similiar to say a mortgage loan so don%26#039;t get scared right off the bat, but try to have a goal of when you want to pay the car off if you buy instead of lease.


Leasing gives you the option for a lower rate with little or no money down, but you walk away with nothing in the end.


Purchasing a car can work like a lease (lease with option to buy-so your money isn%26#039;t just wasted)


Also look into GMAC - they are competative with their rates, but they own a lot! They not only finance car loans, but mortgages too (ditech)


Most of the time, American Cars under a loan have higher interest rates than foreign cars and harder to get if your credit is average.


That%26#039;s the #1 rule of thumb before you do ANYTHING, check your credit score!!!!! and know what you might be walking into before you go for any loan and watch for the end of signing loop holes (which make the rates increase for minor reasons @ signing) Anyone will give you the loan, just WATCH the fine print (Experience talking here!)


Also, look for first loaner options, rates can be better for the first time buyer, find an independant loan company through the dealership. Once you go outside the dealership to get a loan, you%26#039;ll get bombarded with everyone offering you the moon and stars. Don%26#039;t rush into anything, not matter how much you WANT the car.


Good Luck|||Here is an article http://wiz.sc/Loans with some information on loan options and the best plans.