A: I am buying a used car and don't know much about financing it. B: I can help you. Do you have a down payment? A: Yes, I have saved up three thousand dollars for a down payment. B: Good, because you will not be able to get a loan without putting some money down on the car. A: I don't know where exactly to get a loan. B: Other than friends or family, you can go to a bank, credit union, or use the dealer financing if you bought the car off a car lot. A: What is the best choice for financing? B: It depends. The worst financing deal is usually at the dealer, but they will oftentimes give you a loan when a bank turns you down. A: What do I need to have with me when I apply for the loan? B: You will need a recent pay stub and a copy of the pink slip for the car. Before the loan is complete, you will need to show proof of insurance. Good luck!
