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

This article was first published on NerdWallet.com. 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.

Aim to spend no more than 10% of your take-home pay on your loan payment and less than 20% for total car expenses, which also includes gas, insurance, repairs and maintenance.

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.

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; 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.

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You can save hundreds of dollars if you negotiate the purchase price of your car. You can save thousands if you secure your car loan before you go to the dealership. Thanks to Philip Reed and the Washington Post for sharing tips from Sonia Steinway in this article about getting your loan outside the dealership.

 · 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.

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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.