Car Loan Tips

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Building credit gives you the financial freedom to get a mortgage, buy a car and make other large purchases, but good credit doesn’t happen overnight. Find out what good credit is and how to get it.

Before taking out a loan, it’s important to do your homework. Make sure you’re getting the best terms and rates by reading expert advice on GOBankingRates before you take out a loan you can’t afford.
Sometimes you want a high interest rate; sometimes you want a low interest rate. Find out when you can make interest rates work for you — such as in a high-yield savings account — and know when to be cautious of APRs.
New car loans are one of several types of auto loans. When you borrow money to finance a vehicle from a lender, the financial institution considers the car collateral, so make sure you make your payments.
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