How to save cash on dealership car loans
Use these strategies to get the best deal on dealership lending.
Allison Martin is a contributor to Bankrate covering personal finance, including mortgages, auto loans and small business loans. Martin’s work began over 10 years ago as a digital content strategist, and she’s since been published in several leading outlets, including The Wall Street Journal, MSN Money, MoneyTalksNews, Investopedia, Experian and Credit.com. Martin, a Certified Financial Education Instructor (CFE), also shares her passion for financial literacy and entrepreneurship with others through interactive workshops and programs.
Use these strategies to get the best deal on dealership lending.
You’ll receive a 1099-C form if a lender cancels $600 or more of your taxable debt.
Short-term loans come with high interest rates. A personal loan with no repayment penalty can be a much more affordable option.
Axos Bank is best for borrowers with strong credit scores, and LendingClub accepts co-borrowers.
Avant is good for bad credit, but Upgrade is better for debt consolidation.
Getting approved for a second car loan can be hard, but it’s possible.
Consider some alternatives before getting an instant loan.