Help Buying A Car Guide

: Your score dictates your interest rate. Check it for free at AnnualCreditReport.com before shopping.

: Use the 20/4/7 rule —aim for a 20% down payment , a loan term no longer than 4 years , and total monthly costs (including insurance and maintenance) under 7% of your gross income . help buying a car

: Visit a local credit union or bank to get a pre-approved loan. This gives you leverage to negotiate and prevents you from being at the mercy of dealership financing. : Your score dictates your interest rate

Before stepping onto a lot, you should establish a firm budget and secure your own funding to avoid high-interest dealer loans. help buying a car