Whether this is your first vehicle purchase or your 10th, when shopping for an auto loan there are some basics you need to know. Know your budget. Plan for what you can afford, not only in terms of the potential loan payment, but also insurance, vehicle registration, and maintenance. Knowing what you can afford before […]
Getting the right auto loan for you
WRITTEN BY: Dr. Roseanne Scammahorn, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Darke County, Scammahorn.5@osu.edu
REVIEWED BY: Courtney Woelfl, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Cuyahoga County woelfl.1@osu.edu
SOURCES:
- Consumer Financial Protection Bureau. (2016). What is the difference between dealer-arranged and bank financing? https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-dealer-arranged-and-bank-financing-en-759/
- Consumer Financial Protection Bureau. (2016). How do I compare auto loan offers? What should I look at besides the monthly payment? https://www.consumerfinance.gov/ask-cfpb/how-do-i-compare-auto-loan-offers-what-should-i-look-at-besides-the-monthly-payment-en-753/
- Federal Trade Commission. (2012). Co-signing a Loan. https://www.consumer.ftc.gov/articles/0215-co-signing-loan