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9 steps to a car loan on damaged credit

7. Shop loan terms, not monthly payments
7. Shop loan terms, not monthly payments © LifeStudioPhoto/Shutterstock.com

7. Shop loan terms, not monthly payments

Look for the cheapest money -- the lowest APR over the shortest period. Don't be distracted by promises of a lower monthly payment over a longer period of time, says Van Alst. And if you need an 84-month loan, "you can't afford that car," says Anthony Giorgianni, associate finance editor of the Consumer Reports Money Adviser newsletter.

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Sideways spinning car not a toy

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