How to buy a first car and get a responsible first time car loan from Clearpoint Credit Counseling Solution's "Financial Firsts" video series.
Buying a first car is a major financial first in the lives of most people. And if not handled properly, it can be the start of serious credit and financial issues. Buying a car with cash is great. But most of us will at some point need to take out a car loan in order to finance the purchase of a vehicle. There are many disreputable lenders in the auto financing business, and if a deal sounds too good to be true, it probably is.
Understanding some basic principles about lending, credit, and interest will provide you with the tools you need to make your first car buying experience a positive one. Consider a free consult with representative from Clearpoint Credit Counseling Solutions, a non-profit credit counseling agency, before you sign on for more car loan than you can handle.
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