What is an Auto Loan?
An auto loan is a personal loan to finance buying a car. Are you ready to buy a new car? Apply for an auto loan today!
Find the Best Rate
The rate you get on an auto loan can affect the car’s ultimate cost. To get the best rate on a car loan you should know what you can afford, how much you can pay per month and how long you want to take to pay it back.
It’s a Great Time to Buy a Car
Right now interest rates are low. However, this could change any day. If inflation gets too high the Fed will raise the rates; a higher interest rate could raise the price of your car substantially. Low- or no-interest loans can save you thousands of dollars.
Get Pre-Approved for a Car Loan
Fewer people are buying cars and car salesmen are much more eager to make a deal; big discounts, cash back, and generous financing terms are just a few of the things you can take advantage of. The best way to get a good deal on a car is to go into the dealership pre-approved for a loan.
Use the Young Money Auto Loan Calculator to determine how much of an auto loan you can afford. Your monthly car payments must fit into your budget. No one wants a car loan they can’t afford to pay! This calculator will assist you in determining your monthly auto loan payments or your auto purchase price.