Buying a Car

The length of your auto loan term can vary greatly from 36 months to 84 months or longer. The popularity of longer auto loan terms, like the 72-month auto loan, is growing and for good reason. Longer loan terms allow you to pay less each month which gives you more flexibility in your budget and the ability to purchase a better quality vehicle.

Getting pre-approved for a car loan lessens the stress of shopping for a car, and it could reduce the amount you end up paying for your vehicle by giving you a more solid position when negotiating with dealers

The first time you buy a car will be a momentous occasion. Not only is this the first of many vehicle purchases over the extent of your driving life, but buying a new car is symbolic of the financial responsibility you are capable of wielding.

Are you on the hunt for auto financing, but wondering how to get a car loan? If so, you want to consider all relevant factors before you sign on the dotted line.  

Keep reading to learn seven factors you should think about when you get a car loan.