Watercooler: Securing an auto loan
When financing a new car purchase through a dealer or a lending institution, a buyer should know all the ins and outs of securing an auto loan.
Several websites offer information about loan strategies, from comparing different rates in advance to credit requirements and determining a vehicle's value. Here are a few sites:
Cars.com • Offers a variety of tools to secure a good auto loan, at http://www.cars.com/finance/.
DMV.org • Explores loan-rate comparisons, dealer financing and key payment factors, at http://bit.ly/RutZg8.
Edmunds • Provides a range of car loan topics, including financing options, a car loan calculator and how to spot yo-yo financing, at http://www.edmunds.com/car-loan/.
Financial Web • Spotlights four tips for attaining a car loan with little or no credit, at http://bit.ly/bOXBzc.
NADA • Covers a variety of auto loan topics, including credit requirements, vehicle value tips and co-signing, at http://bit.ly/kxmyD6.