Vehicle Financing Tools and Tips

When it comes to buying the car of your dreams, you don’t have to pay full in cash to get a great deal. These vehicle financing tools and tips will help you save big next time you are shopping for the right car. From understanding car loans, to where to search vehicles, how to calculate loan payments, and knowing how to save big – we’ve got some seriously amazing expert tips and tricks to get you into the car you want at the right price.

Understanding Car Loans

Car loans can be confusing. When you are looking to better understand a car loan, you should better understand each aspect. The downpayment is often a big factor in how much your car loan payment will be each month. The higher the down payment, the lower your loan payment will be. This also applies to the trade in value of your old car. There are other factors that contribute to car loans like sales tax in the state you purchase a car and the interest rate at which you secure your loan.

Calculating Loan Payments

Once you understand what affects the car loan amount that you borrow, you should use an auto loan calculator to determine an estimate of payments. The auto loan calculator on Cars.com is an easy, free tool that helps you determine all of the car loan factors above, as well as what term you would like to pay the car back in. For instance, 12 months, 24 months, 48 months – the length you choose has a profound effect on how high or low car loan payments can be. The auto loan calculator on Cars.com is an estimate though, so keep in mind that titles and fees are extra. Once you get the loan at the right price, you should talk to a bank before discussing deals and incentives with a dealership.

How To Search Vehicles When You Find The Right Loan

Before you head to a dealership to shop cars, you should do some research online. Finding the true value of a car is a great place to start. You’ll be able to better gauge if the price range on the cars in your area are a great value or not. Online shopping can also help you learn about the various features that are included and amenities that cost extra. Add-ons for vehicles can really add to the total cost of a car, which can also increase a car loan payment. Be sure to thoroughly research what you want before you buy to get a better deal on an auto loan. 

How To Really Save Big

Want to save big when you shop the dealership? Check out the Cars.com apps for your smartphone. They give you real buying power right in the palm of your hand. Why? You can buy or sell a car in no time and save time and money. You can also use the apps to get up to date, on the spot, pricing information on your phone without even talking to a dealer. This alone is great news for those who want to save big when comparing cars and Cars.com makes it so easy you’ll never shop cars the same way again.

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