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Follow on Google News | Credit Can Affect Your Life More Than You Think.This article explores some of the facts regarding refinancing your car loan, and tips on finding the lowest available interest rate when it comes to your next car loan.
By: Auto Credit Financial Research, research and research your options. First if you are in need of a car loan, you should find the right vehicle first. And make sure the dealer you are dealing with is an actual dealership not just a credit broker. Where a broker will make additional profit from you the customer, and pass you along to a dealer in the end. First step of saving your hard earned money is to deal directly with a dealership. Try to contact them by phone or email, and make sure someone is there to answer your questions, not just some blank email that goes to no where. You can submit your application and bargain with your dealership to see what is the lowest interest rate available to you. The dealers will usually have a financial portal open with the banks, and they will be submitting your application to 5-10 lenders, and when they receive the answers back from the lenders they can tell you who is offering the lowest interest rate and who is offering the higher one. If you are trying to re-finance your current car loan, you must make sure the APR or interest rate you are taking on to re-finance is lower than your current one. And usually you can not get re-financed by the same lender as your first loan. You should try a different source. This article is brought to you by Auto Credit Financial Canada, for more related information please visit us online at http://www.autocreditfinancial.ca # # # Auto Credit Financial Canada is Toronto's top bad credit car loan provider serving greater Toronto area. End
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