Installment Loan Terms: A Comparison
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There are very reasonable adjustments you can make to your saving and spending habits that can help you afford your dream vehicle. What’s more, these strategies can be applied to other big-ticket item purchases you want to make in the future.
If you are thinking about buying a car, you have probably wondered whether it is better to use dealer financing or finance through a bank or credit union. With dealer-arranged financing, the dealer collects information from you and forwards that information to one or more prospective auto lenders. Alternatively, with bank or other lender financing, you go directly to a bank, credit union, or finance company and apply for a loan. We refer to this type of loan as a “direct loan.â€Â
If you are in the market for a vehicle, start your journey here. You'll find tips for getting the best deal and protecting yourself and your money.
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and your counselor will review your credit report, analyze your financial situation and help you find the option that's best for you.