#used car loan rates
Financing your car through a bank or dealership has its advantages and drawbacks. Learn which type of financing is best for your needs, and if you have good credit, you can get pre-approved for a car loan to determine what type of interest rate you would receive. This will give you an idea of how much your new car will cost you.
Before you sign the papers at the dealership, you might want to consider if you can get better interest rates and lower your payment by financing your next car through a bank or credit union.
If you want to finance through a dealership, make sure you know which banks they partner with and what their rates are.
You may not get the best rate, since many dealerships work directly with specific banks that may not have the best rates at the time you purchase your vehicle.
Online banks are known for great interest rates, including auto loans. If you have an online bank in mind, find out if they are affiliated with the car you want to buy.