Getting A Vehicle Loan

Loan Image

 

Buying a vehicle is a major purchase. You can borrow the money you need from a bank, a credit union or other financing company, many people like to finance through the dealership from which they purchase the vehicle. Getting a loan for a large amount of money entails research, knowledge, and finally negotiation of the best deal for you. After completing this section you will be able to:

 

  • Understand how a lender decides whether to finance your vehicle loan;
  • Calculate how much you can afford to borrow;
  • Recognize companies that make car loans and provide vehicle financing
  • Recognize the types of loans that are available for vehicle purchase;
  • How to shop for the best loans rates and terms;
  • Understand the loan application process;
  • Understand the loan approval process;
  • Recognize your rights as a consumer.

  

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