Before you shop for a car, you need to shop for financing. Here’s what you need to know.
You know what kind of car you want. And you know what you can spend. But don't head to the dealer just yet. Before you shop for a car, shop for financing. Financing a car means you pay it off over time. But you don't have to get that financing through a dealer. Check with banks, credit unions, and finance companies first. Then take your best financing offer with you to the dealers. You can still negotiate and see if the dealer makes a better offer. But if not, you can stick with the financing you already have. If a dealer isn't honest when it comes to financing a car, let the FTC know. Want to know more? Visit ftc.gov/cars.