Robot mind! You might be asking yourself why I say robot mind? I think I speak for most of the people when I say that as soon as we see a new car, in our mind we can hear a little voice saying: "...cars buy new..." or "...new car buy..." You know what I mean. And off we go day dreaming of that new car we've always wanted, right?
And again, I think I speak for many people when I say that not all of us can afford a new car. And we can't just settle with cool car drawings. We need the real deal, and for that we need car loans, but not any loan. We need he best car loan new rate available!
Market Research - Important!
You do have to do your market research before you apply for an auto loan, specially if you have bad credit. If you have bad credit and want a loan for your car that means you are going to have to expect high interest rates.
So the first thing you need to do is check out your credit score before you apply for any car loan. You have to make sure that all your accounts are in order and properly addressed. It's not unusual to find an open account that should be closed, which could end up hurting your credit score.
Plan Ahead
Once you do that, you should plan which car you can afford to pay the automobile loan for. You need to make sure that you can meet the monthly payments needed to keep up with the loan, if not, it could end up hurting your credit score a lot!
Car Loan Lenders
These are people that actually look for loans available for you. They have access to hundreds of financial institutions that issue car loans and could be able to find one that is perfect for you, with the best car loan rate.
