People who are looking to buy a new car is
often looking for financing at the same time and that makes sense with interest
rates at low levels it is often a better deal to finance for a low-interest
rate and invest the money than to pay for the car cash even if the means for
cash payment is present.
And for people who cannot pay for the car cash, it still makes sense to finance now when the interest rates are so low. The following article describes what to think about before financing a car, some vocabulary regarding lending and how to go about doing the actual financing.
When it comes to borrowing money the single most important metric that lenders use to determine the interest rate to charge is the credit score. A credit score for a person ranges between 300 to 850, and the higher …