Quote:
Originally Posted by soundman98
shop around anyways. and when i say to shop around, i don't mean filling out the credit application--just simply pull up the websites of every bank you can think of, and find the APR. the lower the better... in my experience, banks or credit unions don't just magically ask for less money just because you used another person that they're paying to find the car. no one works for free.
everyone always pushes for using credit unions. i'm a member of one. but they're not always able to come close to the apr's i've located elsewhere shopping around.
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And to add to this, ask if any extra payments will go towards principle first before interest. Unfortunately, I made the assumption that any lender will do this, but the credit union I ended up going with when I financed my FR-S didn't. In fact, no matter how early you pay off the loan with them, they make you pay the FULL interest amount, which is ridiculous!