How to get a car loan (and car) in four easy steps

Here’s how the process of getting a car loan works. Step One: You may like to check your credit file or make sure you have payslips, tax returns, bank statements, credit card bills and other documents that show your financial situation.

Step Two: Shop around, compare rates and fees, pick your repayments and a loan. Look at comparison rate and remember you can choose a fixed loan or variable rate.

Step Three: Apply and get pre-approval before you commit to a car. Remember dealer finance may be much more expensive in the long term.

Step Four: Choose Your Vehicle, drive away and enjoy.

Source: Yahoo News

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