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What do you need to know before you try to finance a car?

Mindee Nelson

in Student Loans

1 answer

1 answer

Craig Stewart on October 19, 2018

There are several things to consider when financing a car. It is important to shop around for the best interest rate, either from a bank or other credit institution or the car dealership itself. Some dealerships offer incentives if you finance the car through their lender. It is a good idea to know your credit score before applying for a car loan, loan agency will conduct a credit check before offering you a line of credit. You will also be required to provide proof of employment, salary and, possibly, the information related to your bank accounts and other lenders.

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