How to get a car loan with no credit? | New Cars Near My Location
1. Open Bank Account
First step you need to take towards getting a car loan is to open bank account saving account is recommendable though, as it will be base before entering into the credit world.
2. Budget Calculation and Saving up for down payment.
Before buying a car or applying for auto loan you must analyse how much amount of money you can spend and arrange as down payment.
A large amount of down payment on car will help to get car loan easily and ultimately you need to pay less for the car later on.If you try to save upto 10-20% of the total cost of a car as down payment, less your monthly installment would be.
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