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Car Loans Lincoln RI

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.

AutoLoansInRhodeIsland.Com
Providence, RI
 
Bay Loan & Investment
(401) 727-0100
1525 Old Louisqst Park
Lincoln, RI
 
Town and Country Credit
(401) 288-9224
6 Blackstone Valley Pl
Lincoln, RI
 
Independent Financial Services Inc
(401) 596-7900
177 Main
Hopkinton, RI
 
Cmg
(401) 782-9980
50 S County Commons Way
Wakefield, RI
 
AutoLoansInRhodeIsland.Com
Providence, RI
 
Coastway Credit Union
(401) 722-2022
210 Front St
Lincoln, RI
 
Option One Mortgage Corp
(401) 431-1576
950 Warren Ave
East Providence, RI
 
Chartway Federal Credit Union
(401) 783-1729
172 Main St
Wakefield, RI
 
Secure Marketing
(401) 490-2777
462 Broadway
Providence, RI
 

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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