Car buyers at present should exert efforts in order to obtain the best car loan for this year. This is because getting the best financing is not an easy task as it is during period of easy credit. In addition to this, most financial institutions are still experiencing the after-effects of the global financial crisis. Given this, it is still important to do your homework before dealing with car dealerships. You should bear in mind that even a 1% reduction from your current average car loan today could easily provide you with a $500 savings from the car purchase.
The best thing you could do still is to secure a pre-approved loan from a local bank or credit union before stepping on the dealership