Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Auto Loan Rates and other Auto Loans topics.
Despite the number of prime and sub-prime loans, not all new car financing options are ideal. Use the following checklist to avoid damaging car financing alternatives:
• Thoroughly review any auto financing agreement meticulously
• Inquire about any mystery figures to make sure that each calculation is accurate
• Compare the actual cost of the automobile to how much the car will cost after you have satisfied the car loan (longer auto financing terms mean paying more for the car than its true value)
• A loan where the interest is paid up front is a warning sign of an illicit company. (Companies using these tactics rarely grant the loan and disappear with the funds).