institutions. Compare the lender’s financing terms with the dealer’s terms.
INSIDER’S TIP
Your credit determines the annual percentage rate or interest of your loan. It is true that you can still get a car with bad credit, good credit, or no credit at all. Jerry Cromwell, general manager of Koons Automotive, says that there’s financing for everyone out there these days. “If you’ve got a job you can generally buy a car,” he says. To figure out your payments, log on to www.bankrate.com and enter “calculator” in the search box.