It’s 2022. There are not many places where you can rely
on public transportation alone. And with the cost of
public transportation growing each year, owning your
own car just might be the more affordable option. If you
have good credit.
Let’s face it, most people cannot afford to buy a car
with cash upfront. Not a reliable one at any rate. Auto
financing is a necessary evil. And forget that sticker
price, your credit will affect just how much you REALLY
pay for that car.
Though you may be able to get a loan with any level of
credit, your interest rates will vary from none to
thousands of dollars in finance charges. Even your
payment can vary by hundreds of dollars a month. It is
very important that you know what your credit score is
before applying for the loan.
Before you go out and try to trade in your current
vehicle, especially if it has a balance that would need to
be carried over to the new loan, make sure your credit
is ready