Purchasing a vehicle is an exciting milestone, but finding the right financing can be a daunting task. That’s where auto loans come in. Whether you’re looking to buy a brand-new car or a quality used vehicle, auto loans provide a convenient and affordable way to secure the necessary funds.
In this comprehensive guide, we will walk you through the different types of auto loans, explain how they work, and provide expert tips to help you secure competitive rates and favorable terms. By the end, you’ll have all the information you need to make an informed decision and get behind the wheel of your dream car.
Key Takeaways:
- Auto loans are a popular and flexible financing option for buying vehicles.
- Securing the right loan allows you to enjoy competitive rates and flexible repayment terms.
- Understanding the different types of auto loans and their benefits is essential for making an informed decision.
- Shopping around, comparing loan offers, and negotiating can help you find the best auto loan deal.
- Reviewing loan terms, including interest rates and fees, is crucial before finalizing your loan contract.
What Are Secured Auto Loans?
Secured auto loans are the most common type of auto loan. When you apply for a secured auto loan, you’ll be using the car you are purchasing as collateral. This means that if you default on your loan payments, the lender has the right to repossess the car to recover the amount owed. Collateral acts as a form of security for the lender, reducing their risk and allowing them to offer more competitive interest rates.
Most banks, credit unions, and online lenders offer secured auto loans. This wide availability makes them a popular choice among borrowers who are looking for reliable financing options to purchase their dream car.
“Secured auto loans give lenders the confidence to offer competitive interest rates to borrowers who may have a lower credit score or little credit history. With the car as collateral, the lender has a way to recoup their investment in case of default.”
Secured auto loans offer a range of benefits for borrowers. The presence of collateral allows lenders to approve larger loan amounts, giving you more purchasing power. It also means that secured auto loans are easier to qualify for compared to unsecured loans, making them an attractive option for individuals with less-than-perfect credit.
Additionally, because secured auto loans carry less risk for the lender, they often come with lower interest rates than unsecured loans. This can result in significant savings over the life of the loan and make your monthly payments more manageable.
When considering an auto loan, it’s important to weigh the pros and cons of secured loans compared to other financing options to find the best fit for your needs and financial situation.
Pros of Secured Auto Loans:
- Allows for larger loan amounts
- Easier qualification, even with lower credit scores
- Generally offers more competitive interest rates
Cons of Secured Auto Loans:
- Repossession risk if loan payments are not made
- Collateral tied to the loan restricts flexibility
Difference between Secured and Unsecured Loans:
| Secured Auto Loans | Unsecured Auto Loans |
|---|---|
| Collateral (the car you are purchasing) is required | No collateral required |
| Generally lower interest rates due to reduced risk for the lender | Higher interest rates due to greater risk for the lender |
| Larger loan amounts are typically approved | Smaller loan amounts |
| Easier qualification, even with lower credit scores | Tougher qualification criteria, typically requiring higher credit scores |
Understanding the nature of secured auto loans and how they compare to unsecured loans is crucial when deciding which financing option best suits your needs. Consider your financial situation, credit history, and borrowing goals to make an informed decision before taking the next step towards purchasing your desired vehicle.
Benefits of Secured Car Loans
Secured car loans offer several advantages. These loans provide borrowers with access to larger loan amounts, allowing them to finance additional expenses such as gap insurance or extended warranties. With secured car loans, it is easier to qualify due to the reduced risk for lenders.
One of the key benefits of secured car loans is the lower interest rates they typically offer compared to unsecured loans. This can result in significant savings over the course of the loan term. Lower interest rates mean that borrowers ultimately pay less in interest charges, making secured car loans a financially advantageous choice.
Secured car loans not only enable borrowers to access larger loan amounts and enjoy lower interest rates but also provide a higher chance of loan approval. The collateral offered by the borrower reduces the lender’s risk, making it easier for individuals with varying credit scores to qualify for a loan.
As a result, borrowers can secure the necessary funds to purchase a vehicle, meet their transportation needs, and potentially invest in extras without compromising their budget. By leveraging the advantages of secured car loans, individuals can enjoy a comfortable loan amount, affordable monthly payments, and overall financial stability.
| Benefits of Secured Car Loans |
|---|
| Access to larger loan amounts |
| Easier qualification process |
| Lower interest rates |
Secured Car Loans vs. Unsecured Loans
It is important to understand the distinction between secured car loans and unsecured loans. Unsecured loans, such as personal loans or credit cards, do not require collateral. As a result, they involve higher interest rates and may have stricter qualification criteria.
On the other hand, secured car loans provide borrowers with the opportunity to secure a larger loan amount, benefit from lower interest rates, and have an easier qualification process. The collateral, typically the vehicle itself, serves as security for the lender. This reduces their risk and allows them to offer more favorable loan terms.
By opting for a secured car loan, borrowers can enjoy the advantages of larger loan amounts, easier qualification, and lower interest rates, ensuring a smooth and financially beneficial car buying experience.
Possible Downsides of Secured Auto Loans
While secured auto loans offer many benefits, it’s important to consider some possible downsides before making your financing decision. Understanding these drawbacks will help you make an informed choice that aligns with your needs and financial situation.
Less Flexibility
One of the main drawbacks of secured auto loans is that they offer less flexibility compared to unsecured loans. These loans are specifically designed to be used for expenses related to the vehicle purchase, such as the purchase price, taxes, and fees. The funds cannot be used for other personal or financial needs.
This limited flexibility means that if you were considering using the loan for other purposes or having the freedom to allocate the funds as you see fit, a secured auto loan may not be the best option for you.
Used Vehicle Restrictions
Secured auto loans may also come with certain restrictions when it comes to financing used vehicles. Some lenders have age and mileage restrictions, meaning they may not finance older vehicles with high mileage. This can limit your options if you’re looking to purchase a used car that falls outside of these parameters.
It’s important to research different lenders and understand their specific criteria for financing used vehicles. If your preferred lender has strict restrictions, you may need to explore other financing options or consider purchasing a newer vehicle that meets their requirements.
Higher Risk of Repossession
Compared to unsecured loans, secured auto loans come with a higher risk of repossession if you default on your payments. Since the vehicle serves as collateral for the loan, the lender has the right to repossess the vehicle if you fail to make timely payments.
This higher risk of repossession means that if you face financial difficulties and are unable to keep up with the loan obligations, you could lose your vehicle. It’s essential to carefully assess your financial situation and ability to make payments before committing to a secured auto loan.
Ultimately, weighing the benefits and downsides of secured auto loans will help you determine if it’s the right financing option for your needs. Consider your budget, intended use of the funds, and potential risks before making your decision.
Understanding Your Credit Score
Your credit score is a critical factor in determining your creditworthiness and the interest rate you’ll receive when applying for an auto loan. It’s essential to have a clear understanding of how your credit score is calculated and what it represents to lenders. Before you start the loan application process, take the time to review your credit score and credit report to ensure accuracy and identify any areas that need improvement.
Your credit score is a three-digit number that represents your creditworthiness based on your credit history. It is calculated using information from your credit report, which includes details about your borrowing and repayment history. Lenders use your credit score to assess the level of risk they would undertake by lending you money.
Some key factors that contribute to your credit score include:
- Credit history: The length of time you’ve had credit accounts and how you’ve managed them over time.
- Payment history: Whether you have made timely payments on your debts.
- Credit utilization: The proportion of your available credit that you are using.
- Credit mix: The variety of credit accounts you have, such as credit cards, loans, and mortgages.
- New credit: How frequently you apply for new credit and open new accounts.
By understanding these factors, you can take steps to improve your credit score and increase your chances of securing a favorable auto loan. Paying bills on time, maintaining a low credit utilization ratio, and avoiding opening too many new credit accounts can positively impact your credit score over time.
Reviewing Your Credit Report
Along with your credit score, it’s crucial to review your credit report for accuracy and identify any potential discrepancies or errors. Your credit report provides a comprehensive view of your credit history and includes information about your credit accounts, payment history, and any negative marks such as late payments or collections.
You are entitled to one free credit report from each of the three major credit bureaus – Equifax, Experian, and TransUnion – every year. Take advantage of this opportunity to review your credit report and ensure that all the information is correct. If you discover any errors, contact the credit bureau to dispute the information and have it corrected.
An accurate credit report is essential for lenders to assess your creditworthiness accurately. By reviewing your credit report regularly, you can proactively manage your credit and make any necessary improvements to strengthen your financial profile.
Understanding your credit score is a crucial step in the auto loan process. It allows you to assess your creditworthiness and take steps to improve it if necessary. By reviewing your credit report and identifying areas of improvement, you can increase your chances of securing a favorable auto loan with competitive interest rates and terms.
How to Shop for an Auto Loan
When it comes to securing an auto loan, it’s important to shop around and explore your options to find the best deal. By taking the time to compare loan offers from multiple lenders, you can find competitive rates and terms that suit your needs. Here are some key steps to follow when shopping for an auto loan:
1. Preapproval for Greater Negotiating Power
Before visiting dealerships or considering loan options, it’s wise to seek preapproval from lenders. Preapproval not only gives you an idea of how much you can borrow but also allows you to compare loan offers from different lenders. With preapproval in hand, you have a stronger position to negotiate effectively with dealerships.
2. Shop Around for Multiple Loan Offers
It’s crucial to shop around and obtain loan offers from multiple lenders. By doing so, you can compare interest rates, loan terms, and other factors to ensure you secure the most competitive deal. Aim to get loan offers from at least three lenders to have a good range for comparison.
3. Compare Rates, Terms, and Fees
When reviewing loan offers, pay close attention to the interest rates, loan terms, and any additional fees associated with the loan. Make sure to consider the Annual Percentage Rate (APR), which includes both the interest rate and any fees, for a more accurate comparison between loan offers.
4. Evaluate Customer Reviews and Reputation
When considering lenders, take the time to read customer reviews and evaluate their reputation. Look for feedback on factors like customer service, loan processing times, and overall satisfaction. A lender with positive reviews and a strong reputation can provide you with a smoother borrowing experience.
5. Consider Online Lenders and Credit Unions
Don’t limit your search to traditional banks. Explore loan options from online lenders and credit unions, as they often offer competitive rates and flexible terms. Online lenders, in particular, may provide a more streamlined application process and quicker loan approval.
By following these steps and taking the time to shop around, get preapproval, and compare loan offers, you can secure an auto loan that meets your financial needs. Remember, a little effort upfront can lead to significant savings over the course of your loan.
Shopping around for an auto loan is the key to finding the most competitive rates and terms. Preapproval allows you to compare offers, while getting loan offers from multiple lenders ensures you have options. Take the time to explore different lenders and evaluate their rates, terms, and reputation for a loan that fits your budget and needs.
Understanding Loan Terms and Rates
When it comes to securing an auto loan, understanding the loan terms and rates is crucial. Different lenders offer varying terms and rates based on your creditworthiness. Being aware of the key components of an auto loan, including the interest rate, loan term, and annual percentage rate (APR), will empower you to make informed decisions. Additionally, it’s essential to consider any fees associated with the loan, such as origination fees or prepayment penalties.
Interest Rates
Interest rates play a significant role in determining the overall cost of your auto loan. They represent the percentage of the loan amount that you’ll pay as interest over the loan term. The interest rate is influenced by factors such as your credit score, market conditions, and the lender’s policies. A higher credit score generally qualifies you for lower interest rates, potentially saving you thousands of dollars over the life of the loan.
Loan Terms
The loan term refers to the duration in which you’ll repay the auto loan. It is typically expressed in months, with common loan terms ranging from 36 to 72 months. The loan term directly affects your monthly payments and the total interest paid. While longer loan terms may offer lower monthly payments, they can result in higher overall interest costs. Shorter loan terms, on the other hand, often come with higher monthly payments but reduce the total interest paid.
Annual Percentage Rate (APR)
The annual percentage rate (APR) represents the true cost of borrowing, including both the interest rate and any applicable fees. Unlike the interest rate, which only considers the cost of borrowing, the APR provides a comprehensive picture of the total cost. When comparing loan offers, focus on the APR rather than just the interest rate. A lower APR indicates lower overall borrowing costs.
Understanding the loan terms, interest rates, and APR allows you to evaluate auto loan offers objectively and choose the most cost-effective option for your needs.
Fees
It’s essential to consider any fees associated with the auto loan to avoid unexpected costs. Common fees include origination fees, which cover the lender’s administrative costs, and prepayment penalties, charged if you pay off the loan before the agreed-upon term. Before finalizing the loan, review the loan agreement and ask the lender for a detailed breakdown of any potential fees.
By understanding loan terms, interest rates, APR, and fees, you can make informed decisions when securing an auto loan. Take the time to compare offers from different lenders and carefully review the terms and conditions. A well-informed approach will ensure that you secure the best loan terms and rates tailored to your financial situation.
Setting a Budget for Your Auto Loan
When securing an auto loan, it is crucial to set a budget to ensure you borrow responsibly and make affordable monthly payments. Taking the time to evaluate your income, expenses, and other financial obligations will help you determine the loan amount that fits comfortably within your financial means.
One useful tool to assist you in budgeting for your auto loan is an auto loan calculator. By inputting the loan amount, interest rate, and loan term, you can estimate your monthly payment. This will give you a clear understanding of how much you will need to budget for your auto loan each month.
When setting your budget, consider not only the loan amount and monthly payment but also the associated costs of owning a vehicle. These costs may include insurance, fuel, maintenance, and registration fees. By factoring these expenses into your budget, you can ensure that you can comfortably afford the overall cost of owning a car.
Tip: Consider the 20/4/10 Rule
One helpful guideline when setting a budget for your auto loan is the 20/4/10 rule. This rule suggests that you should aim to:
- Make a minimum 20% down payment on the purchase price of the vehicle
- Take out a loan with a maximum term of 4 years
- Limit your total monthly vehicle expenses, including loan payment and insurance, to a maximum of 10% of your monthly income
Following this rule can help ensure that you don’t take on more debt than you can handle and that you can comfortably afford your auto loan payments.
| Loan Amount | Interest Rate | Loan Term | Monthly Payment |
|---|---|---|---|
| $20,000 | 4% | 5 years | $368 |
| $25,000 | 5.5% | 6 years | $417 |
| $30,000 | 3.75% | 4 years | $674 |
As shown in the table above, the loan amount, interest rate, and loan term can greatly impact your monthly payment. Adjusting these variables can help you find a loan that aligns with your budget and financial goals.
By setting a budget for your auto loan and using tools like an auto loan calculator, you can confidently navigate the financing process and make informed decisions that suit your financial situation.
Finding the Right Vehicle
Now that you have secured financing, it’s time to find the perfect vehicle that meets your needs and preferences. This section will guide you through the process of researching, comparing, and selecting the right car.
1. Research Different Makes and Models
Start by conducting thorough research on different car makes and models. Consider factors such as reliability, fuel efficiency, safety features, and overall performance. Think about your lifestyle and specific requirements to narrow down the options.
Take advantage of online resources, dealer websites, and car review platforms to gather information about the pros and cons of each model. Pay attention to user experiences and expert opinions to get a comprehensive understanding of the vehicles you are interested in.
Tip: Researching cars before making a purchase can help you make an informed decision and avoid any regrets down the road.
2. Compare Prices at Dealerships and Online Retailers
Once you have identified a few car models that align with your needs, it’s time to compare prices. Visit local dealerships to get an idea of the pricing and options available. Don’t hesitate to request test drives to experience the cars firsthand.
In addition to physical dealerships, explore online retailers to check for competitive prices. Many online platforms offer a wide selection of new and used vehicles, often at discounted rates. Take advantage of these platforms to widen your options and potentially save money.
Tip: Comparing prices across different dealerships and online retailers can help you find the best deal and potentially negotiate a better price.
3. Consider Factors Like Mileage, Condition, and Features
When evaluating potential cars, consider factors beyond just the price. Take into account mileage, condition, and features to ensure you find a vehicle that suits your needs.
For mileage, determine the average number of miles the car has been driven per year. Lower mileage often indicates less wear and tear, potentially leading to a more reliable vehicle in the long run.
Assess the condition of the car by carefully inspecting the exterior and interior for any signs of damage or excessive wear. Additionally, inquire about the vehicle’s maintenance history to get a better understanding of how well it has been taken care of.
Finally, consider the features that are important to you, such as safety technology, entertainment systems, or optional upgrades. Prioritize the features that align with your preferences and lifestyle.
Tip: Thinking about mileage, condition, and features will help you find a car that offers the best value for your investment.
4. Make Sure the Vehicle Aligns with Your Budget and Loan Terms
While it’s exciting to find the perfect car, it’s important to ensure that it aligns with your budget and loan terms. Consider your monthly payments and the overall cost of ownership, including insurance, maintenance, and fuel expenses.
Review your loan terms and make sure the vehicle’s purchase price falls within the approved loan amount. Aim to strike a balance between finding a car you love and staying within your financial means.
Tip: Selecting a vehicle that fits your budget and loan terms will help you maintain financial stability throughout the life of your auto loan.
Negotiating the Best Deal
When it comes to securing the best deal on your car loan, effective negotiation is key. By comparing offers, leveraging preapproval, and considering financing options from both dealerships and online retailers, you can increase your chances of getting favorable terms.
Comparing Offers
Before entering into negotiations, take the time to gather multiple loan offers from different lenders. This allows you to understand the range of interest rates and terms available to you. By having several offers in hand, you’ll have a better understanding of what constitutes a competitive deal.
Once you’ve collected your preapproved loan offers, it’s time to negotiate with dealerships. Use your lowest rate as a benchmark and see if they can beat it. Be prepared to provide documentation of your preapproval to support your negotiation position.
Dealership Financing vs. Online Retailers
When negotiating, don’t limit yourself to dealership financing alone. Consider exploring financing options from online retailers as well. Online retailers often have partnerships with multiple lenders, offering a wide range of loan products. These lenders may be able to provide you with competitive rates and terms that dealerships cannot match.
Comparing dealership financing with online retailers gives you the advantage of choice. It allows you to explore different loan options and select the one that best suits your needs. Keep in mind that a lower interest rate is not the only consideration. Factors such as repayment terms, monthly payment amount, and any additional fees should also be taken into account.
Be Prepared to Walk Away
Remember, you are the customer, and you have the power to walk away from a deal that doesn’t meet your expectations. Stay firm on your negotiation position and be willing to explore other financing options if necessary.
Walking away from a deal that doesn’t align with your goals can put you in a stronger position to negotiate a better offer. Don’t be afraid to take your time and consider all your options. Rushing into a loan agreement may lead to unfavorable terms that can impact your financial situation in the long run.
By comparing offers, exploring both dealership financing and online retailers, and being prepared to walk away, you can negotiate the best deal for your car loan. Remember, the goal is to secure favorable terms that align with your budget and meet your financial needs.
Finalizing Your Auto Loan
After carefully selecting the best loan offer for your auto purchase, the next step is to review the loan contract and the accompanying paperwork before signing. This crucial step ensures that you fully understand the terms and conditions associated with the loan, protecting your interests as a borrower.
Paying close attention to the loan contract allows you to familiarize yourself with important details such as interest rates, loan duration, and any additional fees. By thoroughly understanding these terms and conditions, you can make informed decisions about your financial responsibilities.
Gaining Clarity on Loan Terms and Conditions
The loan contract outlines the specific terms and conditions agreed upon between you and the lender. It serves as a legally binding agreement that dictates the obligations and rights of both parties. Take note of the following key elements when reviewing the loan contract:
- The loan amount: Ensure that the loan amount stated in the contract matches the agreed-upon amount discussed during the loan application process.
- Interest rates: Understand the interest rate that will be applied to your loan and how it will affect the overall cost of borrowing.
- Loan duration: Determine the length of time you will have to repay the loan and plan your budget accordingly.
- Repayment terms: Familiarize yourself with the repayment schedule, including the frequency and method of payment.
- Additional fees: Be aware of any fees associated with the loan, such as origination fees or prepayment penalties.
By carefully reviewing and understanding these important details, you can avoid any surprises and make sure that the loan aligns with your financial goals.
Remember, if you have any questions or concerns about the loan contract or the terms and conditions, don’t hesitate to seek clarification from the lender. It’s always better to fully understand the agreement before signing.
“The devil is in the details. When it comes to finalizing your auto loan, thoroughly reviewing the loan contract is essential to ensure you are informed, protected, and confident in your financial journey.”
Once you are satisfied with the loan contract and have a clear understanding of the terms and conditions, you can proceed with signing the agreement. This signifies your commitment to fulfill your obligations as outlined in the contract.
With the paperwork in order and the loan contract signed, you’re one step closer to securing your auto loan and driving away in the vehicle of your dreams.
| Loan Contract Checklist | Done |
|---|---|
| Review loan amount | ✓ |
| Understand interest rates | ✓ |
| Confirm loan duration | ✓ |
| Familiarize yourself with repayment terms | ✓ |
| Take note of additional fees | ✓ |
Looking to buy a car and need financing? Consider applying for an auto loan with Bank of America or Navy Federal Credit Union for the best auto loan rates. Whether you’re a first-time car buyer or a seasoned shopper, both banks offer competitive rates for new and used cars. With excellent borrower credit history, you could qualify for lower interest rates and get approved for a loan with a minimum credit score.
Military members may find special offers tailored to their needs. But before you apply, use our auto loan calculator to determine your loan eligibility and monthly payments. Keep in mind that advertised rates are subject to change, so shop around with various auto lenders to find the best loan rate and terms that suit your needs. Whether you’re looking to refinance your existing auto loan or buy a new or used car, both banks offer a range of loan products to fit your budget. From Capital One Auto Financing to LightStream’s unsecured auto loans, explore your options to find the lowest annual percentage rates available.
Remember, the interest rate on an auto loan can affect your credit, so choose wisely and pay off your loan on time to maintain a healthy credit score. Whether you’re in the market for a new or used car, Bank of America and Navy Federal Credit Union offer loans in all 50 states, ensuring you can find the best financing option wherever you are.
Also Read : First Time Auto Loan Tips For New Borrowers
Conclusion
Securing the right auto loan is a crucial step when purchasing a vehicle. By understanding the various loan options available, taking the time to shop around, and carefully considering your budget, you can find the best financing deal for your needs.
One important aspect to keep in mind is reviewing your credit score before applying for a loan. This allows you to be aware of your creditworthiness and can help you negotiate better terms with lenders.
Remember, comparing loan offers from multiple lenders is essential to ensure you get the most competitive rates and terms. Don’t hesitate to negotiate with dealerships and online retailers, leveraging preapproval offers to secure the best deal possible.
In conclusion, securing an auto loan requires careful consideration and research. By following these steps and being diligent throughout the process, you can confidently finalize your loan and drive away with your dream car.
FAQs
What are secured auto loans?
Secured auto loans are the most common type of auto loan. They use the car you are purchasing as collateral, which helps reduce the lender’s risk and allows for more competitive interest rates.
What are the benefits of secured car loans?
Secured car loans offer larger loan amounts, making it possible to finance extras like gap insurance or extended warranties. These loans are also easier to qualify for, as the collateral reduces the lender’s risk. Additionally, secured car loans often have lower interest rates compared to unsecured loans.
What are the possible downsides of secured auto loans?
Secured auto loans offer less flexibility compared to unsecured loans since they can only be used for expenses related to the vehicle. Some lenders also have restrictions on mileage and age for used cars. Additionally, there is a higher risk of repossession if you default on a secured auto loan.
How does my credit score affect my ability to secure an auto loan?
Your credit score plays a crucial role in your ability to secure an auto loan and the interest rate you receive. Lenders consider factors like your payment history, credit utilization, and length of credit history when assessing your creditworthiness.
How should I shop for an auto loan?
It is recommended to shop around and get loan offers from at least three lenders to ensure you find the most competitive rates and terms. Preapproval allows you to compare loan offers from multiple lenders and negotiate effectively with dealerships.
What components should I consider when understanding loan terms and rates?
It is important to understand the different components of an auto loan, including the interest rate, loan term, and annual percentage rate (APR). Additionally, be mindful of any fees associated with the loan, such as origination fees or prepayment penalties.
How do I set a budget for my auto loan?
Setting a budget is crucial when securing an auto loan. Consider your income, expenses, and other financial obligations to determine how much you can afford to borrow. Use an auto loan calculator to estimate your monthly payment based on the loan amount, interest rate, and loan term.
How do I find the right vehicle?
Research different makes and models, compare prices at dealerships and online retailers, and consider factors like mileage, condition, and features. Make sure the vehicle you choose aligns with your budget and loan terms.
How can I negotiate the best deal on my car loan?
You can negotiate a great deal on your car loan by comparing offers, leveraging preapproval, and considering financing options. Use your preapproved loan offers to negotiate with dealerships and see if they can beat your lowest rate. Be prepared to walk away if the terms are not favorable.
What should I consider before finalizing my auto loan?
Carefully review the loan contract and any additional paperwork before signing. Pay close attention to the terms and conditions, including interest rates, loan duration, and any fees associated with the loan. Make sure you fully understand your responsibilities as a borrower.
Source Links
- https://www.bankrate.com/loans/auto-loans/secured-auto-loans/
- https://www.bankrate.com/loans/auto-loans/how-to-get-the-best-auto-loan-rate/
- https://www.nerdwallet.com/article/loans/auto-loans/how-to-get-a-car-loan