Consumers should consider all of the monthly expenses when choosing a car.  For example, gas costs, insurance, an auto warranty, maintenance, and car payments need to be factored in to the equation. Many Americans need the assistance of an auto loan when purchasing a new car.  In fact, the majority of people in America finance approximately 90 percent of their vehicle purchase.  Here are some important tips in finding a good car loan for you.

First, consider the length of your car loan.  There are long-term and short-term loans.  Long-term loans are primarily used for new cars, where the terms of the loan can go to 84 months.  Loans for used vehicles max out around the 48th month.

To find the right lender, consumers should do some research.  You can get financing through the dealership, a credit union, or bank.  Contacting various financial institutions to compare loan rates and get pre-approved.  Auto dealer financing tends to be the most expensive, but easy to get.

Finally, make sure you find out the terms of the loan.  Ask about the details, such as the interest rate, when payments start, payment amounts, the number of payments, etc.  Also, find out about hidden charges.

Motorists need to consider all of the costs when buying a new car.  This includes new car warranties, sticker price, auto loans, and maintenance costs.  Be an informed buyer to get the best deals.