Understanding Car Loans
Whether you're buying your first car or getting another one, you can never have too much information about the car-loan process. A car loan is a financial commitment that can last as long as five or six years, so it's important to know exactly what you're getting into.
You probably have several questions car loans, and GOBankingRates has the answers you need to help you make the right choice.
You might be wondering if you meet the requirements for a car loan. Each lender has its own lending standards, but as a general rule, you should improve your credit score and pay off as much debt as possible, because these factors will contribute to an easy approval and affordable rate.
Before you sign, make sure you understand the terms of your agreement and can afford the monthly payment. And make sure to consult GOBankingRates with any questions you might have.