A new auto loan generally offers a lower interest rate than a used car auto loan. Many auto dealers are making offers for very low financing for buying brand new cars. However, there are usually conditions that apply to these low rates, including having excellent credit. Even if you have poor credit, however, you can still qualify for a new auto loan at a competitive rate. Venues to get a new auto loan are not limited to the finance company at the dealership, either. You can look for a loan for your new car at banks, credit unions and even through online finance companies. No matter what type of credit you have, you can obtain a new auto loan.

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