Getting a car loan

Getting a car loan is easy when you know what car you want and you are ready to pay the repayments!

You need to be confident when meeting with the financial loan shark at the car yard as they can usually tell whether you are able to pay off the car. So be CONFIDENT!

Choose your car and go home and do your calculations of what you earn and how much expenses you have per month. Ideally you would estimate a repayment of  $500 to $1000 a month depending on the car! Now to do this you should also see whether you have a car that you want to trade in a car.  If so this would allow you to get the car cheaper obviously but also reduce the repayments which would be better in the long run in terms of interest charged.

Simple steps

1. Research the car you want
2. Match to your budget
3. Check cost and repayment
4. Include your own car for trade in
5. Check your expenses and income and determine whether you are in deficit or surplus
6. Purchase your car if you are able to have a high percentage of money left in your pocket to allow for emergency, etc.