Car Finance

Jul 10 2009

New or used Car Finance can be a bit tricky. There are a few methods of car finance you should be aware of before heading out to purchase a car.
The first method of car finance is a dealer loan. This method of car finance simply means that you fill out a credit application at the car dealer, and they find or issue you a loan. This type of car finance may mean a higher interest rate, particularly for those with less than perfect credit. It is one of the more convenient methods of car finance.
A second method of car finance is a lease. This type of car finance is also handled by the dealer and requires a credit application. Typically, the lease method of car finance sets a limit on the number of miles you can drive per year. This method of car finance is also among the most convenient.
The third method of car finance is cash. Generally, this method of car finance requires most people to find a loan from a source other than the dealer, and then simply pay the dealer the full negotiated amount of the car. Monthly payments are then made to the outside source.

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