Vehicle loans are a part of the equation in the vast majority of new and late model used vehicle purchases. Interestingly, consumers will spend days shopping vehicle prices, yet many do not shop auto loans. Comparison shopping and pre-qualifying for an auto loan should be the first step you take when buying a car, not the last. Failure to do so can be costly, as financing is one of the most frequently missed car buying opportunities. An auto loan is a unique part of the buying equation and it requires that you focus on it as a seperate issue. Reduce your monthly payment by just $16.70 and you will save $1,000 (on a 60 month auto loan).
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