Best car loansAre you planning to get a car loan but don’t know where to start? Getting a new car can be very exciting. However, having to turn it back in when you miss payments can be much less exciting.

If you do not yet know how to get a car loan, here are the six easy steps to guide you:

Check Your Credit Score

Your credit score is a big factor in your car loan rate. You might still not notice the role of your credit score when getting a car loan, especially when it is still your first time. To get the idea, having a high credit score will help you get a low rate in paying for your loan.

Select the Payment that’s Affordable For You

Find out how much you can afford to pay for your car loan every month. Make it realistic. Don’t stretch it out too much that you cannot at all afford to pay for your other expenses. Once you have figured it out, get your car loan calculator, and see the total amount you’ll spend for it and of you are willing to pay for it.

Usually, you can choose from 3-6-year payment terms. Longer payment terms also mean lower monthly payments. However, the total amount that you’ll be spending for it may become way bigger than the actual value.

So pick the payment which you can afford and are willing to pay.

Get a Pre-Approval

You can start shopping for a car loan online at Click Finance. Check out the great offers and deals they can provide you. Once you have chosen the deal that’s best for you, apply for it. Once you qualify for it, that means you are pre-approved. This is the maximum payment they approve that you can pay for every month. But that doesn’t mean that will be your monthly payment. You can still choose for a smaller loan.

Choose Your Car

Once you already are pre-approved, start checking out more car options available. It is much better to be pre-approved first before finally selecting your car loan so that you can just “focus” on choosing the best car deal, and to to worry so much about the financial requirements.

Getting a car loanFinalize the Paper Works

After having chosen the car that you want, finish the other paper requirements needed for the car loan. There might be other add-ons which they may offer you. Don’t be too overwhelmed and think closely about it before you dive in to impulse decision which you might regret in the long run.

Start Paying Your Car Loan

Once everything is already finalized, you will be informed of the schedule of payments for your car loan. They can also give you an option as to in what way you want to pay your car loan, either online or at their local branch. One good thing about paying online is that you can easily track your payments and balance right away, anytime and anywhere you need it.

Check your credit score now and get a car on a monthly payment that’s just right for you.