Date: October 17, 2017
Need a car but can’t pay cash? For most consumers, you find yourself with three choices for an Auto Loan: Borrow from the dealer or manufacturer’s financing company Borrow from a bank Borrow from a credit union (unless Uncle Bob is willing to finance you, but who wants the “strings” that go along with that?) Each method has advantages and disadvantages – but if you can qualify, the way to go is usually with a credit union. Interest rates are still near historic lows. If you are going to borrow money for a car, there’s never been a better time.