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Car Loans Essex MD

Car loans are generally better understood than leasing, but there's much room for information and advice, particularly for inexperienced car buyers. Many car buyers, particularly new ones, overestimate their ability to pay and buy more car than they can afford.

Friendly Finance
(800) 872-2877
6340 Security Bulevard Suite 200
Baltimore, MD
 
AutoLoansInMaryland.com
(410) 571-4914
Annapolis, MD
 
Rose Shanis Financial Services
(410) 574-5694
142 Eastern Blvd
Essex, MD
 
Ams Team
(410) 751-2400
1106 Business Pkwy S
Westminster, MD
 
Bank of America
(301) 577-3400
9436 Lanham Severn Rd
Hyattsville, MD
 
Friendly Finance
(800) 872-2877
6340 Security Bulevard Suite 200
Baltimore, MD
 
Lendmark Financial Services
(410) 687-5700
142 Eastern Blvd
Essex, MD
 
Famous Pawnbrokers
(410) 574-7296
1235 Eastern Blvd
Essex, MD
 
Bank of America
(410) 535-0600
55 Commerce Ln
Prince Frederick, MD
 
Famous Pawnbrokers
(301) 699-3300
5405 Annapolis Rd
Bladensburg, MD
 

Car Loans

Although this web site is primarily about car leasing, many of our readers tell us that they have decided, instead, to buy with a loan. They want to know if we have tips and advice that might help them. Hence, this article, just for them.

Car loans are generally better understood than leasing, but there's much room for information and advice, particularly for inexperienced car buyers.

A car buyer's first encounter with loan payments typically comes from car salespeople who ask, "What kind of monthly payment are you looking for?" This is certainly a legitimate question but if you don't know how payments relate to vehicle price, interest rates, and loan terms, you are subject to paying too much, or even getting cheated. You may want to read our article, "."

Why do you need a car loan?
There are really only two reasons for needing a car loan:

  1. You don't have the cash needed to purchase the car you want.
  2. You have the cash, but you have better uses for it, such as for investments, paying off bills, or saving for emergencies.

If you are in the first category – don't have the cash – make sure you've taken a serious look at your finances to understand what you can afford.

Many car buyers, particularly new ones, overestimate their ability to pay and buy more car than they can afford. They often overlook the other expenses of owning and driving an automobile: insurance, gas, oil, routine maintenance, taxe...

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