you're self employed, newly arrived in the country or have a poor credit history, consider the booming non-conforming and "low doc" loan market.
A number of non-bank lenders offer loans which especially cater for this type of borrower. The interest rates on non-conforming loans are generally higher but come down after a few years of on-time repayments.
Think about all the expenses of a car: Insurance rates, fuel costs, maintenance, repair and not only the purchase price. Some luxury cars and not American-made cars cost more to repair.
Decide if you want to buy a new car or a used one. Both have pros and cons. A used car costs significantly cheaper but there is no comprehensive new-car warranty, not as many safety and convenience features but a questionable maintenance.
As for the timing, the two best times of the year to buy a car are the end of December (when dealers are competing for Christmas shoppers) and between July and October (when dealers are making room for new models).
You should also consider what's the primary use of the car, who'll drive, where will you use the car and so on.
Article Source: http://www.articleblender.com
Attila Z Jancsina is a freelance copy writer. He occasionally writes for Auto Loans
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