auto

6 easy steps for buying a car online

Look into financing options
Next
Slide 6 of 7
Back
Look into financing options

If you get an auto loan through a dealership, the dealer is likely to look at the car loans available for you and then mark up the loan rate, say from 10 percent to 13 percent, says Greg Thibodeau, CEO of myAutoloan.com. The difference is profit for them.

For a better deal, go online to find direct lender offers. Bankrate lists recent auto loan rates in your area. You can secure a car loan online before going back to the dealer.

Also consider going to your bank or credit union equipped with the rates you found online to inquire about an auto loan.


Next
Slide 6 of 7
Back

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

GM earnings soar, and so might air-bag recalls

GM announces strong second-quarter earnings and says it may have to recall millions more cars for air bags.  ... Read more


Connect with us