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Committing to a car loan may not seem like a huge task, but it's actually a major responsibility, which is why you should consider what it entails before taking this big step. To help you more clearly determine what type of auto loan is right for you, let's look at some pointers to consider before committing to a car loan.

#1: Find Out the Base Interest Rate and APR

When looking at the type of auto loan you want to consider, it's good to look at both the base interest rate and APR (annual percentage rate) to help decide if it's the right choice. Depending on the company you work with, one or both of these rates might fluctuate, drastically changing the final cost of your car. So, before committing to a car loan, it's good to check out how these two rates will affect your total sum.

#2: Ask about the Loan Term Length

An auto loan can have a term period of anywhere from one year to seven years depending on a number of variables, including your credit rating, income level, and the dealership or lending company you're working with. If you've been quoted a great low monthly payment but have a loan term of seven years, you can easily pay more than if you have a two-year term with higher payments. So before committing to a car loan, it's important to learn of the length of time you will be required to make payments.

#3: Learn How Down Payments Affect Monthly Payments

For most dealerships, the more down payment you're willing to offer when taking out an auto loan, the lower your monthly payment will be. In general, for every $1,000 you're willing to contribute, your payment will lower by $50 a month.

#4: Ask about Prepayment Penalties and Demand of Full Payment

There are often circumstances associated with an auto loan that can make the experience no-so-pleasurable. For instance, if you want to pay your car off early, many dealerships charge penalties for doing so. Also, it's good to find out under what circumstances a dealership can demand full payment. Learning this information can help you save face and money before committing to a car loan.

Taking out an auto loan requires knowledge of how your money will be spent. So before committing to a car loan, it's good to find out just what you can expect financially.

"Open charter" membership - available to anyone. Montauk Credit Union has some attractive CD rates available, including an 18-month term CD with a 2.50% APY rate. They are also offering some other competitive rates, including:

• 2.25% APY CD rate for 12 month term
• 2.50% APY CD rate for 18 month term
• 2.75% APY CD rate for 24 month term
• 3.00% APY CD rate for 36 month term
• 3.50% APY CD rate for 48 month term
• 3.75% APY CD rate for 60 month term
• 4.25% APY CD rate for 84 month term

Here are some other important details to consider when opening a CD with Montauk CU:

• Anyone can become a charter member
• Rates are subject to change without notice

Montauk CU has a fair financial safety rating according to BauerFinancial. Learn more about the history of Montauk CU today.

***For more of the best CD rates, visit Go Banking Rates daily.***

Other Terms and Conditions may apply to this offer - please contact the financial institution to review.

The Bravo Checking account at Marine Federal Credit Union is offering a 5% APY for locals in North Carolina and Virginia. Higher rewards checking account rates are 5% APY and 1.01% APY for balances up to $25,000 and for balances over $25,000 respectively . However, there is a base rate of .15%...

Beverly National Bank is offering some competitive money market account rates. Here are their MMA rates as of today:

• 0.75% APY with a deposit of $25,000
• 1.00% APY with a deposit of $50,000
• 1.25% APY with a deposit of $100,000
• 1.75% APY with a deposit of $100,000.01+

Here are some important...

When interest rates are climbing, it probably seems impossible to get any type of good rate - especially when financing an auto loan. But it's not. If you take advantage of a few great tips, you might just find that you're the only one with low rates in the midst of a high-rate storm.

Try Low...

Members only - with easy membership. Consumers Credit Union is offering various competitive jumbo and regular CD rates . Here are their jumbo rates as of today, with a $100k deposit minimum:

• 2.25% APY CD for 7 month term
• 2.00% APY CD for 10 month term
• 2.40% APY CD for 16 month term
• 2.65% APY CD...

First Trade Union Bank is located in Boston and have many branches in Massachusetts, New York, and Rhode Island. The bank is currently offering competitive cd rates nationwide. The minimum deposit for the following cd rates is only $500.

CD Rates at First Trade Union Bank are:

• 3.00% APY - 3...

As fans gear up for the sixth season premiere of one of America's favorite television comedies, "The Office," we take a look at the top ten things that our favorite paper company employees can teach us about finance.

1. Everyone needs help . As much as Michael might claim that he is the one person...

1. Buy textbooks online. Textbooks tend to be outrageously overpriced at campus bookstores so it is best to look online to see what other deals you can find. Websites like half.com are great resources to buy low prices. Although buying online may be slightly more inconvenient, it can save you a...

Discover Card is offering a 0% APR card call the Discover More. Currently, with this card customers can get 5% cash back bonus in the follow categories:

• Travel
• Home Improvements Stores
• Department stores
• Gas
• Restaurants

Customers may also get up to 20% cash back bonus if they shop at top...