5 tips for buying a new car & common mistakes to avoid
Here’s how to buy a new car and get a great deal in the process.
Shopping around with multiple lenders is truly the key to getting the best rate for your loan. Each lender will offer different incentives, perks and rates. When I was applying for a loan to get a car, I checked with a minimum of three lenders — including a credit union — to ensure I was getting the best rate for the long term.
— Hannah Smith
Hannah Smith is a Bankrate editor specializing in personal loans. They are meticulous in their approach to ensuring users can navigate the complexities of loans with the most up-to-date and accurate information.
Prior to joining the Bankrate team, Hannah was an editor for House Method where they edited and published over 400 articles aimed at helping readers make informed decisions on home renovations and services.
Hannah currently lives in Raleigh. When they are not editing, they enjoy walking with their dog, playing tabletop games and reading.
Shopping around with multiple lenders is truly the key to getting the best rate for your loan. Each lender will offer different incentives, perks and rates. When I was applying for a loan to get a car, I checked with a minimum of three lenders — including a credit union — to ensure I was getting the best rate for the long term.
— Hannah Smith
Here’s how to buy a new car and get a great deal in the process.
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Reach Financial is best for those who want to consolidate their debt. However, the lender doesn't disclose many of its eligibility requirements and loan details.
PayPal is a great option for buy now, pay later borrowers who have an established account with PayPal.
Possible Finance is best for borrowers who have little credit history but are financially stable to ensure timely payments.
U.S. Bank personal loans are ideal for those looking for a small loan and fast funding. You can get funding as soon as next day with U.S. Bank.