Part 3: How to Finance Your Car

 
I see so many people taken advantage of when buying a car that it is not even funny. These people are usually the young, the poor, or the uneducated. Some people think that if they have no credit cards or debt that they have good credit. In fact, the lenders see that as having no credit which is the same as bad credit. In this case, you should start out with getting and using a credit card. Make your purchases with your credit card and paying off the credit card bill every month. A year of this and you will have very good credit.

http://www.creditscoring.com/pages/bar.htm

If you want to know what is a good credit score?

They actually come right out and give numbers.     

http://www.youtube.com/watch?v=tgOXx3yz8Zg&feature=list_other&playnext=1&list=SP96E9E7EDE57FCB00

Buying a New or Used Car with Bad Credit From Ask Audrey

How to prepare for buying a car

The first thing people should do is make sure that their credit report is in the best shape that it can be in. Send for all three credit reports and go over each item. If you find something wrong such as a troubling account that does not belong to you, challenge it and have it removed from your credit report.

Make sure that your credit report is in the best shape that you can get. Your target is to bring about a high credit score.    

The second step is to look for a car that you can afford.   

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/how-much-can-you-spend/0701_how-much-can-you-afford-to-spend.htm

You must determine the costs and price you can pay for a car

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/narrow-your-vehicle-type/0701_narrow-your-vehicle.htm

Find a model that best fits your needs

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/pick-the-right-model/index.htm

Pick the right model

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/model-reviews/index.htm

Different models can provide dramatically different driving experiences. Review the model.

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/reliability-information/index.htm

Reliability Ratings show you how well vehicles have held up compared with competitive models, and what the odds are that you could be inconvenienced by problems.

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/fuel-economy/index.htm

The fuel-economy is very important to your budget. Fuel prices can only go up.

http://www.consumerreports.org/cro/cars/car-buying-advice/guide-to-new-car-buying/-narrow-your-choices/safety-ratings/index.htm

Look at safety

http://www.consumerreports.org/cro/cars/car-prices/index.htm

Make sure that you have some idea of what the price of the car is before you meet the dealer. Their objective is to make money. Your objective is to get the best car for your money. Now all that left is the dealer and you haggling over the price.