With the present economy downturn, and high gas prices, many of us are trying to reduce expenses with cars, while others decided to walk more, use bikes or public transports.
I´m included in the first group. In 2007 I bought a new car and, alike a big percentage of Portuguese population, I had to ask an auto loan. I was in a rush to have the new car because my old one had a motor problem.
At that time, I didn´t research much about the different auto loans options available but if I had done so maybe I would have found a credit with lower interest rates.
I think someone who buys a car using a loan always loses money. In this business, winners are car dealers and financial companies. If we´re not careful when choosing a car loan we can end paying almost the value of two cars.
If you need information about the different options available in the car financing market, there´s a website called automakers rescue, that was created to provide articles about specific topics related to car loans. In this website you´ll find articles that cover topics such as used car loan options, solutions for poor credit, best online rates, information about leading providers and other useful resources.
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