Car buyers’ best cost-saving move: shop for a loan first – The News

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Car buyers’ best cost-saving move: shop for a loan first With the cost to own a new vehicle rising, it’s more important than ever to consider what you’ll pay for a car loan and to shop for the best.

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A great place to shop for a car loan is at your local bank or credit union. But don’t stop there-look online too. The loan with the best terms, interest rate, and loan amount will be the one.

With the cost to own a new vehicle rising, it’s more important than ever to consider what you’ll pay for a car loan and to shop for the best interest rate. The average new car loan interest rate reached 5.5% in 2018, up about one percentage point from the previous year, according to Ben Bartosch, J.D. Power’s manager of forecast analytics.

Car buyers’ best cost-saving move: shop for a loan first By: NerdWallet, The Associated Press July 12, 2019 0 With the cost to own a new vehicle rising, it’s more important than ever to consider what you’ll pay for a car loan and to shop for the best interest rate.

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Car buyers’ best cost-saving move: shop for a loan first.. anyone looking to buy a car or refinance a loan needs smart strategies.. Woman charged with firing shots into Newport News.

If you’re borrowing about $25,000 for a new car, a difference of only two percentage points in the interest rate can add up to more than $1,000 over the lifetime of the loan. And that can easily.

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