Car Financing: What You Need to Know

When purchasing a vehicle, understanding your financing options is crucial. This knowledge can help you make informed decisions and avoid financial pitfalls.

Types of Financing

• Loans: Traditional bank loans or credit union financing.
• Leasing: A popular option for those who prefer driving new cars every few years.
• Cash Purchase: Paying upfront can save you interest costs.

Evaluate your budget and preferences to choose the best financing option for your situation.