It happens thousands of times every day. People get car loans to pay for a purchase they are about to make, a purchase that many of them have spent days, weeks, and perhaps even months researching and preparing for. Much of that preparation and research was designed to save them money, to optimize the purchase, but here is a question for them: Did they spend anywhere near the amount of time researching the car loan as they spent on researching their car purchase?
If they didn’t, unless they are extremely lucky, they failed to get the best car loan they could have. And that failure could well cost them not just hundreds but thousands of dollars. The simple fact is that many people fall into their car loans rather than taking the necessary steps to make certain they are getting the best deal they can. There is a price to be paid for that, a big price. To help you avoid that money pit, here are 10 tips for getting the best car loan.