Tips for what to keep in mind when looking for a new vehicle

The decision to buy a car is not an easy one, and there is a great deal that goes into a purchase after you decide that you are financially ready. If you do not have the best of credit, buying a car can be even more difficult because auto loans are not the easiest to find. However, with the economy improving, auto loans are becoming easier to come by. There are a few things to keep in mind, however, when searching for a vehicle. 

Getting a used car is a good choice  
It is best to shoot for a used car that is about two to three years old, as this gives you a good quality car for a lower rate. Also, if you opt for a model that is only a couple years old, you may be able to find one with a service contract for that car, and this is a great way to avoid unexpected expenses. Not to mention, the lower selling price it can also help you boost your credit score by making it easier to up with smaller payments. 

Think about the car’s upkeep  
When you agree to a monthly car loan payment, you have to make sure that it is something you can afford, and there are other things that come into play. For instance, you want to get a good quality used car so you do not get hit with maintenance and repair bills right away. One surefire way to get yourself in trouble is to agree to a payment that is too costly and then not be able to pay it because your car broke down on the side of the road. So, make sure that the car is in good enough shape before you buy. 

2013 may be the year to borrow 
Whether you have good or bad credit, 2013 is shaping up to be a good year to borrow. According to NY1, interest rates were reasonably low in 2012, and they are expected to stay that way throughout the coming year.

“Last year it seemed that every single week we saw a new low when it came to the 30-year fixed [loan]. This year, they’re still going to be very low, so don’t think that you missed out if you didn’t buy or refinance in 2012,” Janna Herron, an analyst for, told the news source. “2013 is still going to have really, really attractive rates.”

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