01 Understand your credit score before you go to the dealership.
If there's ever a time to check and track your credit report and score, its best before you get a car loan.
02 If your credit isn't perfect, get financing quotes before you go.
If you have excellent credit and you know it, you can usually get the best financing rate from the dealers.
03 Keep the term as short as you can afford.
Shorter loans terms come with lower interest rates but higher monthly payments. And that's what you want.
04 Put 20 percent down
In addition to a short loan term, you can avoid a situation which you owe more money than the car is worth by putting money down.
05 Pay for taxes, fees, and "extras" with cash.
Do not finance the miscellaneous expenses involved in your vehicle purchase such as sales tax, registration fees, documentation fees, and any extras you choose to purchase like extended warranties.
Save money on auto financing by knowing your credit score and leveraging competing loan offers down, Keep the term as short as you can afford, and of course don't buy more car that you can afford. Wise Choice Auto Sales wants you in the car you deserve.