Getting financing arranged on a new or used car can be a headache. Now we add in the fact that dealers can make additional money on financing by holding a point or so on the interest rate and it makes it a even bigger headache to know when your getting a good deal on a loan or not. Not to mention all of the ads throwing interest rates around.

Do you have good or bad credit? That is one of the first things to know when thinking of applying for a loan. What is your credit score? This is no time to guess so unless you have seen your credit reports in the last 30 days you need to STOP now and GO to Equifax.com and get your 3 in 1 credit report with score Now!

Now you should know if you have good credit or bad credit and can take the appropriate action. If you have bad credit go to our bad credit loan section now! If you have Good Credit read on.

You need to shop for a deal on a loan just like you do a deal on a car. Here are two great resources to get a no obligation free quote from. Driverloans.com Automotive.com after getting a quote from those two sources also get one from your bank. Now you have some power at the dealership!

Now after agreeing to figures you can be prepared to make the decision on who can give you the best loan as far as amount, term and APR(interest rate). If your rate beats the dealers rate tell him maybe he can beat it or match it.

Financing Tips
-Know your credit.
-Always shop for a loan.
-Never finance a car over 72 months.
-Make sure to understand all or the terms of the loan.
-Never take a loan for more than 130% of the value. Try to stay near or below 100% of the value.
-Always read the figures and terms on the contract you are signing!

Leasing can be an option for some people. Research leasing and its benefits and see if it would be a smart option for you!

Never lease a car if you drive more than the allotted miles of a lease in a year.
Never lease a car for more than 36 months or this could start to defeat the purpose of leasing.
Never lease a car just to get a lower payment. Make sure that a lease truly benefits you!
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 Can you Buy & How Much
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Getting the loan, what is a good way to go?